Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by BNP Paribas

BNP Paribas increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 18.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,272 shares of the company’s stock after acquiring an additional 200 shares during the period. BNP Paribas’ holdings in Datadog were worth $146,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SouthState Corp purchased a new stake in Datadog during the second quarter worth $26,000. Meeder Asset Management Inc. boosted its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Blue Trust Inc. purchased a new stake in Datadog during the second quarter worth $37,000. EverSource Wealth Advisors LLC boosted its position in Datadog by 70.2% during the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock worth $39,000 after purchasing an additional 127 shares in the last quarter. Finally, American National Bank & Trust purchased a new stake in Datadog during the third quarter worth $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other Datadog news, Director Shardul Shah sold 15,832 shares of the firm’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 completion of the sale, the director now owns 459,449 shares in the company, valued at $55,143,068.98. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Sean Michael Walters sold 4,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total value of $572,940.00. Following the sale, the executive now owns 179,367 shares of the company’s stock, valued at approximately $24,214,545. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 541,491 shares of company stock worth $68,927,496. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Performance

DDOG stock opened at $151.96 on Thursday. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $157.48. The firm has a market cap of $51.62 billion, a P/E ratio of 286.72, a price-to-earnings-growth ratio of 20.50 and a beta of 1.10. The stock has a 50-day simple moving average of $126.74 and a 200-day simple moving average of $120.81.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of research analyst reports. Barclays boosted their target price on Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Scotiabank reduced their price objective on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a research report on Thursday, August 1st. Finally, BMO Capital Markets upped their price objective on Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

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.