Huntington National Bank Has $173,000 Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Huntington National Bank boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 62.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,500 shares of the company’s stock after buying an additional 579 shares during the period. Huntington National Bank’s holdings in Datadog were worth $173,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp purchased a new stake in shares of Datadog in the second quarter worth approximately $26,000. Blue Trust Inc. purchased a new stake in Datadog in the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC boosted its stake in shares of Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after buying an additional 127 shares during the period. American National Bank & Trust purchased a new position in shares of Datadog during the 3rd quarter valued at $39,000. Finally, Versant Capital Management Inc increased its stake in shares of Datadog by 216.5% in the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after acquiring an additional 210 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the sale, the chief technology officer now owns 336,165 shares of the company’s stock, valued at approximately $43,476,219.45. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Kerry Acocella sold 2,452 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.06, for a total value of $294,387.12. Following the sale, the general counsel now owns 74,421 shares in the company, valued at approximately $8,934,985.26. This represents a 3.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 320,579 shares of company stock worth $40,386,541. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

NASDAQ:DDOG opened at $126.09 on Monday. Datadog, Inc. has a one year low of $98.80 and a one year high of $138.61. The company has a fifty day moving average price of $121.23 and a 200 day moving average price of $119.44. The stock has a market cap of $42.84 billion, a P/E ratio of 237.91, a PEG ratio of 18.85 and a beta of 1.10.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. Scotiabank reduced their price target on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Sanford C. Bernstein dropped their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Rosenblatt Securities lifted their target price on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, BNP Paribas assumed coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price target 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

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.