Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Atria Investments Inc

Atria Investments Inc lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,802 shares of the company’s stock after acquiring an additional 416 shares during the period. Atria Investments Inc’s holdings in Datadog were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Baader Bank Aktiengesellschaft raised its position in shares of Datadog by 1.5% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after acquiring an additional 77 shares in the last quarter. GAMMA Investing LLC grew its stake in Datadog by 19.5% during the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after buying an additional 92 shares during the last quarter. HB Wealth Management LLC grew its stake in Datadog by 5.2% during the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in Datadog by 1.2% during the 1st quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock worth $1,096,000 after buying an additional 103 shares during the last quarter. Finally, WR Wealth Planners LLC grew its stake in Datadog by 31.6% during the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, November 7th. Rosenblatt Securities raised their price target on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Sanford C. Bernstein lowered 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 lifted their target price on Datadog from $140.00 to $155.00 and gave the company 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 issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $129.33, for a total value of $16,438,489.65. Following the completion of the transaction, the chief technology officer now directly owns 336,165 shares in the company, valued at approximately $43,476,219.45. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares of the company’s stock, valued at $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 470,579 shares of company stock valued at $59,291,041 over the last three months. 11.78% of the stock is currently owned by insiders.

Datadog Stock Up 5.9 %

NASDAQ DDOG opened at $133.41 on Wednesday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $138.61. The stock has a market cap of $45.32 billion, a price-to-earnings ratio of 251.72, a price-to-earnings-growth ratio of 18.85 and a beta of 1.10. The business has a fifty day moving average of $122.10 and a 200-day moving average of $119.50.

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.