Pacer Advisors Inc. Acquires 40,177 Shares of Datadog, Inc. (NASDAQ:DDOG)

Pacer Advisors Inc. grew its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 141.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 68,595 shares of the company's stock after acquiring an additional 40,177 shares during the period. Pacer Advisors Inc.'s holdings in Datadog were worth $9,802,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC grew its stake in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock worth $32,000 after purchasing an additional 81 shares during the period. Pathstone Holdings LLC grew its position in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after buying an additional 91 shares during the period. GAMMA Investing LLC increased its stake in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company's stock worth $65,000 after acquiring an additional 92 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after acquiring an additional 115 shares during the period. Finally, Hudock Inc. boosted its stake in Datadog by 3.3% during the third quarter. Hudock Inc. now owns 3,596 shares of the company's stock worth $414,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares of the company's stock, valued at approximately $86,906,602.58. This represents a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 11,195 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total value of $1,565,732.70. Following the sale, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at $53,103,862.98. This represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DDOG. DA Davidson raised their price objective on Datadog from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price target on Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Rosenblatt Securities increased their price objective on shares of Datadog from $140.00 to $148.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Scotiabank decreased their target price on shares of Datadog from $135.00 to $133.00 and set a "sector outperform" rating for the company in a report on Friday, November 8th. Finally, Sanford C. Bernstein cut their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average target price of $157.59.

Datadog Trading Down 4.1 %

Shares of NASDAQ:DDOG traded down $6.17 during trading on Wednesday, reaching $145.72. The company's stock had a trading volume of 7,952,590 shares, compared to its average volume of 4,064,948. The stock has a market capitalization of $49.50 billion, a PE ratio of 274.95, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The firm's 50 day simple moving average is $148.05 and its two-hundred day simple moving average is $129.18.

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.