9,258 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by Future Fund LLC

Future Fund LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,258 shares of the company’s stock, valued at approximately $1,141,000. Datadog comprises approximately 3.4% of Future Fund LLC’s portfolio, making the stock its 15th biggest position.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on DDOG. Sanford C. Bernstein cut 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. Citigroup upped their target price on Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays upped their target price on Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Rosenblatt Securities upped their target price on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank dropped their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Stock Performance

NASDAQ DDOG opened at $123.41 on Wednesday. The firm has a 50-day simple moving average of $119.79 and a 200 day simple moving average of $119.46. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $138.61. The stock has a market cap of $41.61 billion, a PE ratio of 232.85, a PEG ratio of 22.34 and a beta of 1.10.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total value of $1,002,719.72. Following the completion of the sale, the director now owns 451,533 shares in the company, valued at approximately $57,195,685.11. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total transaction of $1,002,719.72. Following the completion of the transaction, the director now owns 451,533 shares in the company, valued at $57,195,685.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the transaction, the executive now owns 183,512 shares of the company’s stock, valued at approximately $22,939,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 317,186 shares of company stock worth $39,962,314. 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.