Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 2.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,024,926 shares of the company’s stock after purchasing an additional 46,746 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.60% of Datadog worth $232,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Los Angeles Capital Management LLC lifted its holdings in shares of Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after buying an additional 24,574 shares during the period. Heritage Investors Management Corp acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $1,157,000. Jennison Associates LLC increased 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 valued at $721,811,000 after purchasing an additional 126,613 shares in the last quarter. Parnassus Investments LLC lifted its stake in shares of Datadog by 28.4% in the 3rd quarter. Parnassus Investments LLC now owns 185,329 shares of the company’s stock valued at $21,324,000 after purchasing an additional 40,952 shares during the period. Finally, Bank of Montreal Can grew its position in Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after buying an additional 344,431 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Performance

NASDAQ:DDOG opened at $152.75 on Friday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $157.48. The company has a 50 day moving average price of $128.23 and a 200 day moving average price of $121.26. The stock has a market capitalization of $51.89 billion, a P/E ratio of 288.21, a PEG ratio of 19.89 and a beta of 1.10.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DDOG shares. BNP Paribas began coverage on shares of Datadog in a research note on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price on the stock. Needham & Company LLC dropped their price objective on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Barclays boosted their price objective on Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. TD Cowen reissued a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Finally, Rosenblatt Securities boosted their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 33,334 shares of the firm’s 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 of the company’s stock, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total value of $1,000,110.80. Following the transaction, the director now directly owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The trade was a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 541,491 shares of company stock valued at $68,927,496. Corporate 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.