Menard Financial Group LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Menard Financial Group LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the third quarter, Holdings Channel.com reports. The fund purchased 2,018 shares of the company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DDOG. Jennison Associates LLC lifted its holdings in Datadog by 2.1% during the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after purchasing an additional 126,613 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Datadog by 9.2% during 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 buying an additional 331,808 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings 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 buying an additional 138,700 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Datadog by 2.4% in 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 valued at $232,988,000 after buying an additional 46,746 shares in the last quarter. Finally, Holocene Advisors LP grew its stake in Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after buying an additional 1,097,815 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DDOG shares. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Needham & Company LLC reduced their target price on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 9th. 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. Citigroup raised their price objective on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, BNP Paribas assumed coverage on shares of Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $150.96.

Datadog Stock Up 1.4 %

Shares of NASDAQ:DDOG opened at $155.01 on Wednesday. The company’s fifty day moving average is $129.72 and its 200 day moving average is $121.79. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $157.48. The stock has a market cap of $52.66 billion, a PE ratio of 292.48, a PEG ratio of 20.01 and a beta of 1.11.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 9,256 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the sale, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. This trade represents a 16.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Amit Agarwal sold 150,000 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the sale, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,491 shares of company stock worth $68,927,496. Company insiders own 11.78% of the company’s stock.

Datadog 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.