OLD National Bancorp IN Makes New $250,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

OLD National Bancorp IN purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,749 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors have also modified their holdings of DDOG. True Wealth Design LLC boosted its stake in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after acquiring an additional 240 shares during the period. Retirement Wealth Solutions LLC bought a new stake in shares of Datadog in the 4th quarter worth approximately $30,000. Avior Wealth Management LLC grew its stake in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. increased its position in Datadog by 66.5% in the third 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 period. Finally, Quarry LP bought a new stake in Datadog in the third quarter valued at $33,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 0.1 %

Shares of NASDAQ:DDOG opened at $142.71 on Monday. The company has a market cap of $48.48 billion, a P/E ratio of 269.27, a price-to-earnings-growth ratio of 16.94 and a beta of 1.14. The company’s fifty day moving average is $147.99 and its two-hundred day moving average is $129.48. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 379,693 shares in the company, valued at $53,103,862.98. This represents a 2.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 33,334 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the completion of the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 653,874 shares of company stock valued at $93,721,154. Company insiders own 11.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DDOG. DA Davidson increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BNP Paribas started coverage on Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price target on the stock. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. TD Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Finally, Cantor Fitzgerald started coverage on Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $157.59.

About Datadog

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.