Future Fund LLC Purchases New Shares in Datadog, Inc. (NASDAQ:DDOG)

Future Fund LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,258 shares of the company's stock, valued at approximately $1,141,000. Datadog makes up 3.4% of Future Fund LLC's investment portfolio, making the stock its 15th largest position.

Several other hedge funds have also modified their holdings of DDOG. SouthState Corp bought a new stake in Datadog during the 2nd quarter worth about $26,000. Blue Trust Inc. bought a new stake in shares of Datadog during the second quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its holdings in Datadog by 70.2% in the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company's stock valued at $39,000 after buying an additional 127 shares during the period. American National Bank & Trust bought a new position in Datadog in the third quarter valued at approximately $39,000. Finally, Versant Capital Management Inc boosted its stake in Datadog by 216.5% in the second quarter. Versant Capital Management Inc now owns 307 shares of the company's stock valued at $40,000 after acquiring an additional 210 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Transactions at Datadog

In related news, CRO Sean Michael Walters sold 2,322 shares of the firm's stock in a transaction on Tuesday, October 8th. The shares were 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the completion of the transaction, the executive now owns 183,512 shares in the company, valued at approximately $22,939,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 15,832 shares of the company's stock in a transaction that occurred on Friday, October 4th. The shares were 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 owns 459,449 shares in the company, valued at $55,143,068.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 317,186 shares of company stock worth $39,962,314 in the last 90 days. Corporate insiders own 11.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DDOG. Wedbush raised Datadog from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 17th. Citigroup increased their target price on Datadog from $150.00 to $157.00 and gave the company a "buy" rating in a research note on Friday, November 8th. UBS Group restated an "underperform" rating on shares of Datadog in a report on Friday, October 18th. Sanford C. Bernstein lowered their price target on Datadog from $157.00 to $151.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. Finally, Needham & Company LLC reduced their price objective on shares of Datadog from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $150.96.

Datadog Price Performance

NASDAQ:DDOG traded up $6.07 on Wednesday, hitting $129.48. 5,279,553 shares of the company's stock were exchanged, compared to its average volume of 3,826,573. The firm has a 50-day moving average price of $120.03 and a 200-day moving average price of $119.40. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $138.61. The company has a market cap of $43.65 billion, a P/E ratio of 245.36, a price-to-earnings-growth ratio of 18.45 and a beta of 1.10.

Datadog Company 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.