Captrust Financial Advisors Boosts Stake in Datadog, Inc. (NASDAQ:DDOG)

Captrust Financial Advisors boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 16.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,513 shares of the company’s stock after purchasing an additional 1,349 shares during the period. Captrust Financial Advisors’ holdings in Datadog were worth $1,095,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. increased its stake in shares of Datadog by 3.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock worth $1,746,000 after purchasing an additional 511 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings 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 worth $232,988,000 after buying an additional 46,746 shares during the period. Cota Capital Management LLC purchased a new stake in Datadog in the 3rd quarter worth $4,360,000. CreativeOne Wealth LLC bought a new stake in Datadog during the third quarter valued at about $302,000. Finally, BNP Paribas lifted its position in shares of Datadog by 18.7% in the third quarter. BNP Paribas now owns 1,272 shares of the company’s stock valued at $146,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 3.2 %

Shares of Datadog stock opened at $168.65 on Monday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The company has a market capitalization of $57.29 billion, a PE ratio of 318.21, a price-to-earnings-growth ratio of 21.49 and a beta of 1.11. The stock’s fifty day moving average is $132.79 and its two-hundred day moving average is $122.71.

Analysts Set New Price Targets

Several brokerages recently issued reports on DDOG. TD Cowen reissued a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. Rosenblatt Securities boosted their target price on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. BNP Paribas assumed coverage on shares of Datadog in a report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price target on the stock. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Scotiabank decreased their target price 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $152.19.

Insider Transactions at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now directly owns 68,758 shares in the company, valued at $10,866,514.32. This represents a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Sean Michael Walters sold 4,244 shares of Datadog stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the sale, the executive now directly owns 179,367 shares of the company’s stock, valued at $24,214,545. This represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 543,979 shares of company stock worth $69,320,699. Insiders own 11.78% of the company’s stock.

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.