Nations Financial Group Inc. IA ADV Buys 139 Shares of Datadog, Inc. (NASDAQ:DDOG)

Nations Financial Group Inc. IA ADV grew its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,641 shares of the company’s stock after buying an additional 139 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Datadog were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Illinois Municipal Retirement Fund purchased a new position in Datadog in the first quarter worth about $593,000. QRG Capital Management Inc. boosted its holdings in shares of Datadog by 3.1% in the first quarter. QRG Capital Management Inc. now owns 7,899 shares of the company’s stock worth $976,000 after buying an additional 234 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Datadog by 36.2% during the first quarter. Avantax Advisory Services Inc. now owns 6,442 shares of the company’s stock valued at $796,000 after buying an additional 1,713 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Datadog by 19.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 204,116 shares of the company’s stock valued at $25,229,000 after buying an additional 32,538 shares during the last quarter. Finally, Midwest Professional Planners LTD. increased its holdings in Datadog by 13.3% during the first quarter. Midwest Professional Planners LTD. now owns 2,707 shares of the company’s stock valued at $335,000 after buying an additional 318 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Matthew Jacobson sold 9,256 shares of Datadog stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the transaction, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $129.33, for a total value of $16,438,489.65. Following the completion of the sale, the chief technology officer now directly owns 336,165 shares in the company, valued at $43,476,219.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of Datadog stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the transaction, the director now directly owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 320,579 shares of company stock worth $40,386,541. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Up 4.1 %

Datadog stock opened at $128.45 on Thursday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $138.61. The company has a market cap of $43.31 billion, a price-to-earnings ratio of 242.36, a PEG ratio of 18.45 and a beta of 1.10. The firm’s fifty day moving average is $120.03 and its 200 day moving average is $119.40.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DDOG. Needham & Company LLC cut their price objective on shares of Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 9th. UBS Group reissued an “underperform” rating on shares of Datadog in a report on Friday, October 18th. DA Davidson raised their price objective on Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Sanford C. Bernstein cut their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, BTIG Research upgraded 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 equities research analyst has rated the stock with a sell rating, one has given 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

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.