Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 33.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,752 shares of the company’s stock after acquiring an additional 10,318 shares during the period. Cerity Partners LLC’s holdings in Datadog were worth $4,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DDOG. SouthState Corp purchased a new position in shares of Datadog in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its position in Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Blue Trust Inc. purchased a new position in Datadog in the 2nd quarter valued at approximately $37,000. EverSource Wealth Advisors LLC increased its position in shares of Datadog by 70.2% during the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after acquiring an additional 127 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of Datadog in the third quarter valued at $39,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Down 1.6 %

DDOG opened at $151.96 on Friday. The business has a 50 day moving average price of $127.47 and a two-hundred day moving average price of $121.02. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $157.48. The company has a market cap of $51.62 billion, a PE ratio of 286.72, a P/E/G ratio of 20.50 and a beta of 1.10.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays boosted their target price on Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. DA Davidson upped their target price on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets raised their target price on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Robert W. Baird boosted their price target on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, TD Cowen restated a “buy” rating and issued a $165.00 price objective on shares of Datadog in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the transaction, the director now directly owns 48,411 shares in the company, valued at $5,230,808.55. The trade was a 16.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the sale, the director now owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. The trade was a 3.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 541,491 shares of company stock worth $68,927,496 over the last 90 days. 11.78% of the stock is currently owned by insiders.

About Datadog

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.