Wilmington Savings Fund Society FSB Takes $625,000 Position in Datadog, Inc. (NASDAQ:DDOG)

Wilmington Savings Fund Society FSB bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,429 shares of the company's stock, valued at approximately $625,000.

Several other large investors also recently bought and sold shares of DDOG. Los Angeles Capital Management LLC boosted its holdings in shares of Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company's stock valued at $4,469,000 after buying an additional 24,574 shares in the last quarter. Heritage Investors Management Corp acquired a new position in Datadog during the third quarter worth $1,157,000. Atom Investors LP acquired a new position in Datadog during the third quarter worth about $1,112,000. Jennison Associates LLC boosted its position in Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company's stock worth $721,811,000 after purchasing an additional 126,613 shares in the last quarter. Finally, Parnassus Investments LLC grew its stake in Datadog by 28.4% in the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company's stock valued at $21,324,000 after acquiring an additional 40,952 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an "outperform" rating and a $150.00 target price for the company. Robert W. Baird increased their target price on Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Barclays boosted their price objective on shares of Datadog from $155.00 to $187.00 and gave the stock an "overweight" rating in a report on Friday, December 6th. Mizuho raised their price target on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Scotiabank cut their price objective on Datadog from $135.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $155.07.

Datadog Price Performance

DDOG stock traded up $2.79 during mid-day trading on Monday, hitting $155.82. 2,824,605 shares of the stock were exchanged, compared to its average volume of 4,033,848. The stock has a market capitalization of $52.94 billion, a price-to-earnings ratio of 288.74, a PEG ratio of 20.27 and a beta of 1.11. The business has a fifty day moving average price of $136.72 and a 200 day moving average price of $123.90. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08.

Insider Activity

In other Datadog news, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the completion of the transaction, the president now directly owns 214,275 shares of the company's stock, valued at approximately $27,005,078.25. The trade was a 41.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 178,723 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 713,446 shares of company stock valued at $97,145,034. 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.