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

Metis Global Partners LLC increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,491 shares of the company’s stock after acquiring an additional 169 shares during the quarter. Metis Global Partners LLC’s holdings in Datadog were worth $402,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DDOG. Baader Bank Aktiengesellschaft lifted its holdings in shares of Datadog by 1.5% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after purchasing an additional 77 shares during the last quarter. GAMMA Investing LLC lifted its stake in Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Datadog by 5.2% during the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after acquiring an additional 95 shares during the period. Ameritas Investment Partners Inc. grew its position in shares of Datadog by 1.2% during the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after acquiring an additional 103 shares during the last quarter. Finally, WR Wealth Planners LLC grew its position in shares of Datadog by 31.6% during the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DDOG. Royal Bank of Canada reissued an “outperform” rating and set a $151.00 target price on shares of Datadog in a research note on Friday, August 9th. TD Cowen boosted their price objective on Datadog from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, November 7th. Sanford C. Bernstein cut their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Barclays increased their price target on Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Insider Activity

In other news, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the transaction, the executive now owns 183,512 shares in the company, valued at approximately $22,939,000. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Shardul Shah sold 15,832 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total value of $1,900,156.64. Following the completion of the sale, the director now directly owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 320,579 shares of company stock worth $40,386,541 over the last 90 days. 11.78% of the stock is owned by company insiders.

Datadog Trading Down 0.1 %

DDOG stock opened at $125.97 on Tuesday. Datadog, Inc. has a one year low of $98.80 and a one year high of $138.61. The firm has a 50-day moving average of $121.59 and a two-hundred day moving average of $119.44. The firm has a market capitalization of $42.79 billion, a PE ratio of 237.68, a P/E/G ratio of 18.85 and a beta of 1.10.

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.