Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,507 shares of the company's stock after purchasing an additional 5,723 shares during the quarter. KBC Group NV's holdings in Datadog were worth $11,449,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Datadog by 0.6% during the first quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company's stock worth $3,390,485,000 after purchasing an additional 171,693 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Datadog by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company's stock worth $511,620,000 after acquiring an additional 331,808 shares in the last quarter. 1832 Asset Management L.P. raised its position in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company's stock worth $322,487,000 after acquiring an additional 138,700 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Datadog by 19.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company's stock worth $138,518,000 after acquiring an additional 172,887 shares in the last quarter. Finally, Kodai Capital Management LP bought a new stake in Datadog during the first quarter worth $116,054,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity

In other news, CRO Sean Michael Walters sold 2,322 shares of Datadog 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 sale, the executive now directly owns 183,512 shares of the company's stock, valued at approximately $22,939,000. The trade was a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction on Friday, October 11th. The shares were sold at an average price of $130.39, for a total value of $4,346,289.87. Following the completion of the sale, the chief financial officer now directly owns 314,158 shares of the company's stock, valued at $40,963,061.62. The trade was a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 320,579 shares of company stock worth $40,386,541 over the last quarter. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Performance

Datadog stock traded down $5.34 during midday trading on Friday, hitting $126.09. 5,777,739 shares of the company were exchanged, compared to its average volume of 4,240,143. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $138.61. The business has a fifty day simple moving average of $121.23 and a two-hundred day simple moving average of $119.48. The firm has a market capitalization of $42.84 billion, a PE ratio of 237.91, a price-to-earnings-growth ratio of 18.85 and a beta of 1.10.

Analyst Ratings Changes

DDOG has been the topic of several analyst reports. Wedbush raised shares of Datadog from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 17th. Monness Crespi & Hardt raised shares of Datadog from a "neutral" rating to a "buy" rating and set a $155.00 price objective on the stock in a research report on Thursday, November 7th. Cantor Fitzgerald reissued an "overweight" rating and issued a $150.00 price objective on shares of Datadog in a research report on Monday, July 22nd. BMO Capital Markets increased their price objective on shares of Datadog from $135.00 to $145.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Scotiabank lowered 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 report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and an average price target of $150.96.

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.