Benjamin Edwards Inc. Purchases 2,340 Shares of Datadog, Inc. (NASDAQ:DDOG)

Benjamin Edwards Inc. increased its position in Datadog, Inc. (NASDAQ:DDOGFree Report) by 78,000.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,343 shares of the company’s stock after acquiring an additional 2,340 shares during the quarter. Benjamin Edwards Inc.’s holdings in Datadog were worth $270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC boosted its position in shares of Datadog by 2.1% in the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after acquiring an additional 126,613 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Datadog by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after purchasing an additional 331,808 shares during the period. 1832 Asset Management L.P. grew its position in Datadog by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after purchasing an additional 138,700 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Datadog by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after purchasing an additional 46,746 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Datadog by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after buying an additional 29,404 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In other Datadog news, President Amit Agarwal sold 150,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the transaction, the president now directly owns 214,275 shares in the company, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 15,832 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the sale, the director now directly owns 459,449 shares of the company’s stock, valued at approximately $55,143,068.98. This trade represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 534,723 shares of company stock valued at $68,320,589. 11.78% of the stock is currently owned by corporate insiders.

Datadog Price Performance

DDOG opened at $154.91 on Wednesday. The stock has a market capitalization of $52.63 billion, a P/E ratio of 292.28, a price-to-earnings-growth ratio of 21.85 and a beta of 1.11. The company’s 50 day simple moving average is $133.71 and its 200-day simple moving average is $122.99. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08.

Wall Street Analyst Weigh In

DDOG has been the topic of several research reports. Robert W. Baird boosted their price target on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. DA Davidson boosted 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. Scotiabank reduced their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Rosenblatt Securities boosted their price target on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $152.19.

Read Our Latest Stock Analysis on DDOG

Datadog Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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