Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 29.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,851 shares of the company's stock after purchasing an additional 5,252 shares during the period. Janus Henderson Group PLC's holdings in Datadog were worth $2,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DDOG. Hilltop Holdings Inc. acquired a new position in Datadog in the third quarter valued at approximately $291,000. Holocene Advisors LP lifted its position in shares of Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company's stock worth $187,878,000 after buying an additional 1,097,815 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Datadog by 78,000.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 2,343 shares of the company's stock valued at $270,000 after buying an additional 2,340 shares in the last quarter. Atom Investors LP purchased a new position in shares of Datadog in the 3rd quarter valued at $1,112,000. Finally, TOMS Capital Investment Management LP acquired a new stake in Datadog during the 3rd quarter worth $1,922,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity

In other Datadog news, CRO Sean Michael Walters sold 2,322 shares of the company's stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the sale, the executive now owns 183,512 shares of the company's stock, valued at $22,939,000. This represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 15,832 shares of the stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.02, for a total transaction 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 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 713,446 shares of company stock worth $97,145,034. Company insiders own 11.78% of the company's stock.

Datadog Stock Performance

DDOG stock traded up $0.25 during trading on Thursday, reaching $156.73. 3,445,899 shares of the company were exchanged, compared to its average volume of 4,037,301. The stock's 50 day moving average price is $135.33 and its 200 day moving average price is $123.44. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The company has a market cap of $53.24 billion, a P/E ratio of 295.72, a PEG ratio of 21.85 and a beta of 1.11.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DDOG shares. BMO Capital Markets upped their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. UBS Group reissued an "underperform" rating on shares of Datadog in a research report on Friday, October 18th. Truist Financial lifted their price target on Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday. Scotiabank decreased their price objective on Datadog from $135.00 to $133.00 and set a "sector outperform" rating for the company in a report on Friday, November 8th. Finally, Rosenblatt Securities raised their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $154.52.

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.