Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,237 shares of the company’s stock after acquiring an additional 282 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Datadog were worth $948,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of DDOG. First Horizon Advisors Inc. lifted its stake in Datadog by 15.6% in the third quarter. First Horizon Advisors Inc. now owns 940 shares of the company’s stock worth $108,000 after acquiring an additional 127 shares during the last quarter. Kirtland Hills Capital Management LLC lifted its position in shares of Datadog by 28.4% during the 3rd quarter. Kirtland Hills Capital Management LLC now owns 3,368 shares of the company’s stock worth $388,000 after purchasing an additional 744 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Datadog by 2.1% during the third 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 in the last quarter. Parnassus Investments LLC increased its holdings in Datadog by 28.4% in the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after buying an additional 40,952 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Datadog in the third quarter valued at $1,081,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of Datadog stock opened at $154.83 on Friday. Datadog, Inc. has a one year low of $98.80 and a one year high of $155.42. The company has a market cap of $52.60 billion, a P/E ratio of 292.13, a PEG ratio of 17.46 and a beta of 1.10. The firm has a fifty day moving average of $124.21 and a two-hundred day moving average of $119.98.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DDOG shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. Scotiabank cut their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Citigroup upped their target price on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a report on Friday, November 8th. Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a research note on Thursday, November 7th. Finally, Needham & Company LLC decreased their price objective on shares of Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $150.96.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction that occurred 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 owns 48,411 shares in the company, valued at approximately $5,230,808.55. The trade was a 16.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.02, for a total value of $1,900,156.64. Following the completion of the sale, the director now directly owns 459,449 shares of the company’s stock, valued at $55,143,068.98. This represents a 3.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 541,491 shares of company stock worth $68,927,496 over the last ninety days. 11.78% of the stock is currently owned by company 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.