StoneCrest Wealth Management Inc. Has $789,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

StoneCrest Wealth Management Inc. lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 12.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,525 shares of the company’s stock after buying an additional 628 shares during the period. StoneCrest Wealth Management Inc.’s holdings in Datadog were worth $789,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pathstone Holdings LLC raised its stake in Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after acquiring an additional 91 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares during the last quarter. Meeder Asset Management Inc. increased its position in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Hudock Inc. lifted its stake in Datadog by 3.3% in the 3rd quarter. Hudock Inc. now owns 3,596 shares of the company’s stock valued at $414,000 after purchasing an additional 116 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Datadog by 15.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 940 shares of the company’s stock valued at $108,000 after purchasing an additional 127 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Down 3.0 %

DDOG opened at $136.79 on Friday. The company has a fifty day moving average price of $145.61 and a two-hundred day moving average price of $128.51. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a market cap of $46.47 billion, a P/E ratio of 258.10, a price-to-earnings-growth ratio of 16.31 and a beta of 1.14.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Citigroup upped their target price on Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price target on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.97.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction on Monday, December 9th. The shares were sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This trade represents a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 609,763 shares of company stock valued at $87,543,649 in the last three months. Corporate insiders own 11.78% of the company’s stock.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.