Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Atomi Financial Group Inc.

Atomi Financial Group Inc. boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 70.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,541 shares of the company's stock after buying an additional 2,709 shares during the period. Atomi Financial Group Inc.'s holdings in Datadog were worth $935,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jennison Associates LLC boosted its stake in shares of Datadog by 2.1% in the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company's stock valued at $721,811,000 after purchasing an additional 126,613 shares during the period. Geode Capital Management LLC grew its stake in shares of Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company's stock worth $595,438,000 after acquiring an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Datadog by 2.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company's stock worth $232,988,000 after acquiring an additional 46,746 shares during the period. Holocene Advisors LP increased its position in shares of Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock worth $187,878,000 after acquiring an additional 1,097,815 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Datadog by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company's stock valued at $135,377,000 after acquiring an additional 29,404 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In related news, Director Matthew Jacobson sold 3,393 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the sale, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction on Friday, November 15th. The stock was sold at an average price of $126.03, for a total value of $18,904,500.00. Following the transaction, the president now directly owns 214,275 shares of the company's stock, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 617,679 shares of company stock worth $88,668,671. 11.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Datadog from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Macquarie started coverage on shares of Datadog in a report on Thursday, December 12th. They issued an "outperform" rating and a $200.00 target price on the stock. Wedbush raised shares of Datadog from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 17th. Cantor Fitzgerald started coverage on shares of Datadog in a research note on Friday, January 17th. They set an "overweight" rating and a $180.00 target price for the company. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $158.45.

Datadog Stock Performance

DDOG traded up $0.01 during trading on Thursday, reaching $140.13. The company's stock had a trading volume of 2,843,515 shares, compared to its average volume of 3,412,957. The company has a market capitalization of $47.60 billion, a price-to-earnings ratio of 264.40, a price-to-earnings-growth ratio of 16.09 and a beta of 1.14. The company's fifty day moving average price is $146.89 and its 200-day moving average price is $128.74. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

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.