2,481 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Perpetual Ltd

Perpetual Ltd acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,481 shares of the company's stock, valued at approximately $355,000.

A number of other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC boosted its holdings in shares of Datadog by 12,000.0% in the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company's stock worth $28,000 after buying an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog in the 4th quarter worth about $30,000. Meeder Asset Management Inc. boosted its holdings in shares of Datadog by 66.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock worth $33,000 after buying an additional 115 shares during the last quarter. Quarry LP purchased a new position in shares of Datadog in the 3rd quarter worth about $33,000. Finally, American National Bank & Trust purchased a new position in shares of Datadog in the 3rd quarter worth about $39,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Up 0.6 %

Datadog stock traded up $0.79 on Friday, hitting $140.99. 2,884,911 shares of the stock traded hands, compared to its average volume of 3,450,578. The firm has a market cap of $47.90 billion, a P/E ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. The business's fifty day simple moving average is $147.06 and its 200 day simple moving average is $128.82. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DDOG. 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. Jefferies Financial Group boosted their price objective on Datadog from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Mizuho upped their price target on Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Robert W. Baird upped their price target on Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Loop Capital upped their price target on Datadog from $160.00 to $200.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $158.45.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares of the company's stock, valued at $86,906,602.58. The trade was a 0.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the transaction, the chief executive officer now directly owns 379,693 shares of the company's stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 642,679 shares of company stock valued at $92,155,421. 11.78% of the stock is currently owned by company insiders.

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.