Pathstone Holdings LLC Buys 91 Shares of Datadog, Inc. (NASDAQ:DDOG)

Pathstone Holdings LLC lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 0.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,152 shares of the company’s stock after purchasing an additional 91 shares during the quarter. Pathstone Holdings LLC’s holdings in Datadog were worth $2,664,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DDOG. DNB Asset Management AS increased its stake in Datadog by 1,974.5% in the 2nd quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after acquiring an additional 806,741 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Datadog by 1,597.9% during the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after purchasing an additional 739,011 shares in the last quarter. Bank of Montreal Can lifted its position in Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after purchasing an additional 344,431 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Datadog by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after buying an additional 331,808 shares in the last quarter. Finally, Rokos Capital Management LLP bought a new stake in shares of Datadog in the 1st quarter worth about $37,509,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 33,334 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the completion of the sale, the chief financial officer now directly owns 314,158 shares in the company, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the sale, the chief executive officer now owns 392,111 shares of the company’s stock, valued at approximately $48,076,729.71. This represents a 17.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 541,491 shares of company stock valued at $68,927,496 over the last 90 days. Corporate insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on DDOG shares. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Barclays lifted their target price on Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Sanford C. Bernstein decreased their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Citigroup raised their price target on Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, BTIG Research raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price on the stock in a research note on Thursday, August 1st. One research 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 stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Stock Performance

NASDAQ:DDOG opened at $156.63 on Tuesday. The firm has a 50-day simple moving average of $125.12 and a 200-day simple moving average of $120.34. Datadog, Inc. has a one year low of $98.80 and a one year high of $157.15. The firm has a market cap of $53.21 billion, a P/E ratio of 295.53, a P/E/G ratio of 20.27 and a beta of 1.10.

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.