3,012 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Fulton Breakefield Broenniman LLC

Fulton Breakefield Broenniman LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,012 shares of the company’s stock, valued at approximately $430,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Holocene Advisors LP increased its position in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in Datadog during the 3rd quarter worth $52,561,000. Eagle Asset Management Inc. raised its position in Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock worth $113,844,000 after buying an additional 384,121 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Datadog by 51.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after purchasing an additional 206,696 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Datadog by 199.7% in the 4th quarter. KBC Group NV now owns 298,225 shares of the company’s stock valued at $42,614,000 after purchasing an additional 198,718 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the sale, the president now directly owns 214,275 shares in the company, valued at approximately $27,005,078.25. The trade was a 41.18 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 642,679 shares of company stock worth $92,155,421. Insiders own 11.78% of the company’s stock.

Datadog Price Performance

Datadog stock opened at $151.89 on Wednesday. The stock has a market capitalization of $51.60 billion, a price-to-earnings ratio of 286.59, a PEG ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The business has a fifty day moving average price of $147.68 and a 200-day moving average price of $129.02.

Analysts Set New Price Targets

DDOG has been the topic of several analyst reports. Truist Financial cut shares of Datadog from a “buy” rating to a “hold” rating and decreased their price target for the stock from $170.00 to $150.00 in a research note on Tuesday, January 7th. UBS Group reissued an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and dropped their price target for the stock from $165.00 to $140.00 in a research report on Wednesday. Macquarie started coverage on shares of Datadog in a research note on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective for the company. Finally, Citigroup lifted their price target on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $157.59.

Datadog Company 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.