Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Swedbank AB

Swedbank AB increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,712 shares of the company’s stock after acquiring an additional 3,483 shares during the quarter. Swedbank AB’s holdings in Datadog were worth $12,739,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DDOG. Jennison Associates LLC boosted its holdings in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after purchasing an additional 126,613 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Datadog by 9.2% during the second 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. 1832 Asset Management L.P. boosted its stake in Datadog by 5.9% during the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock worth $322,487,000 after buying an additional 138,700 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Datadog by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after buying an additional 29,404 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Datadog by 19.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after acquiring an additional 172,887 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Sanford C. Bernstein dropped their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Needham & Company LLC cut their price target on shares of Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a report on Friday, August 9th. UBS Group reiterated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Finally, BNP Paribas assumed coverage on Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price for the company. One 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 issued a strong buy rating to the stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Trading Down 1.4 %

Datadog stock opened at $154.39 on Wednesday. The firm has a market capitalization of $52.45 billion, a P/E ratio of 291.31, a P/E/G ratio of 20.27 and a beta of 1.10. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $157.48. The stock’s fifty day simple moving average is $125.97 and its 200-day simple moving average is $120.59.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 33,334 shares of Datadog 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 transaction, the chief financial officer now owns 314,158 shares in the company, valued at $42,709,780.10. The trade was 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 through this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares in the company, valued at approximately $5,230,808.55. This represents a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 541,491 shares of company stock valued at $68,927,496 in the last three months. 11.78% of the stock is owned by corporate insiders.

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.