Fulton Breakefield Broenniman LLC Purchases Shares of 3,012 Datadog, Inc. (NASDAQ:DDOG)

Fulton Breakefield Broenniman LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,012 shares of the company's stock, valued at approximately $430,000.

Several other hedge funds have also bought and sold shares of the stock. Jennison Associates LLC raised its position in shares of Datadog by 2.1% during the 3rd 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 raised its holdings in Datadog by 2.5% during the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company's stock valued at $595,438,000 after acquiring an additional 125,457 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Datadog by 2.4% in 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 valued at $232,988,000 after acquiring an additional 46,746 shares in the last quarter. Holocene Advisors LP lifted its position in shares of Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock valued at $187,878,000 after acquiring an additional 1,097,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted 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 worth $135,377,000 after acquiring an additional 29,404 shares during the period. Institutional investors own 78.29% of the company's stock.

Datadog Trading Down 4.2 %

Shares of DDOG stock traded down $6.33 on Wednesday, reaching $145.56. 5,512,708 shares of the company's stock were exchanged, compared to its average volume of 3,919,396. The company's fifty day simple moving average is $148.05 and its 200 day simple moving average is $129.18. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The stock has a market capitalization of $49.45 billion, a PE ratio of 274.88, a P/E/G ratio of 16.28 and a beta of 1.14.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DDOG shares. TD Cowen reissued a "buy" rating and issued a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. Sanford C. Bernstein lowered their target price on shares of Datadog from $157.00 to $151.00 and set an "outperform" rating on the stock in a report on Monday, October 21st. Morgan Stanley reiterated an "equal weight" rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Scotiabank decreased their price target on shares of Datadog from $135.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, November 8th. Finally, Mizuho raised their price objective on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $157.59.

Insiders Place Their Bets

In other news, General Counsel Kerry Acocella sold 2,488 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. This trade represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amit Agarwal sold 25,000 shares of the company's stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company's stock, valued at approximately $27,289,676.49. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 642,679 shares of company stock worth $92,155,421 over the last quarter. Company insiders own 11.78% of the company's stock.

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.