Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 159.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,432 shares of the company's stock after purchasing an additional 22,399 shares during the quarter. Chartwell Investment Partners LLC's holdings in Datadog were worth $4,192,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. SouthState Corp purchased a new position in shares of Datadog in the 2nd quarter worth about $26,000. Blue Trust Inc. bought a new stake in shares of Datadog in the 2nd quarter worth $37,000. EverSource Wealth Advisors LLC raised its stake in shares of Datadog by 70.2% in the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company's stock worth $39,000 after purchasing an additional 127 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Datadog during the 3rd quarter valued at about $39,000. Finally, Versant Capital Management Inc grew its stake in shares of Datadog by 216.5% in the second quarter. Versant Capital Management Inc now owns 307 shares of the company's stock worth $40,000 after acquiring an additional 210 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Up 0.9 %

Shares of NASDAQ DDOG traded up $1.05 during trading hours on Tuesday, reaching $123.41. The stock had a trading volume of 6,409,608 shares, compared to its average volume of 3,816,673. The business's fifty day moving average price is $119.79 and its two-hundred day moving average price is $119.46. The firm has a market cap of $41.61 billion, a price-to-earnings ratio of 230.87, a P/E/G ratio of 22.72 and a beta of 1.10. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $138.61.

Insider Transactions at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total value of $1,002,719.72. Following the completion of the sale, the director now directly owns 451,533 shares of the company's stock, valued at $57,195,685.11. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the transaction, the director now directly owns 451,533 shares in the company, valued at approximately $57,195,685.11. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 2,322 shares of the business's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the transaction, the executive now directly owns 183,512 shares of the company's stock, valued at approximately $22,939,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 317,186 shares of company stock valued at $39,962,314. 11.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently commented on DDOG. Monness Crespi & Hardt raised 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. BTIG Research upgraded shares of Datadog from a "neutral" rating to a "buy" rating and set a $143.00 price objective on the stock in a research note on Thursday, August 1st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $150.00 price target on shares of Datadog in a research report on Monday, July 22nd. Mizuho raised Datadog from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $135.00 to $155.00 in a report on Tuesday, July 16th. Finally, UBS Group reissued an "underperform" rating on shares of Datadog in a report on Friday, October 18th. One investment 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 company's stock. Based on data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average target price of $150.96.

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.