Peapack Gladstone Financial Corp Purchases 1,465 Shares of Datadog, Inc. (NASDAQ:DDOG)

Peapack Gladstone Financial Corp raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 39.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,140 shares of the company’s stock after buying an additional 1,465 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Datadog were worth $591,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pathstone Holdings LLC increased its stake in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after acquiring an additional 91 shares during the period. GAMMA Investing LLC grew its stake in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares during the period. HB Wealth Management LLC raised its holdings in shares of Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after buying an additional 95 shares in the last quarter. WR Wealth Planners LLC lifted its position in shares of Datadog by 31.6% during the 2nd quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after buying an additional 104 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Datadog by 3.5% in the 2nd quarter. Parallel Advisors LLC now owns 3,076 shares of the company’s stock valued at $399,000 after buying an additional 105 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 2.4 %

Shares of DDOG stock opened at $153.03 on Monday. The company has a market capitalization of $51.99 billion, a price-to-earnings ratio of 288.74, a P/E/G ratio of 20.27 and a beta of 1.11. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08. The firm has a fifty day moving average of $136.72 and a 200-day moving average of $123.90.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 15,832 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total value of $1,900,156.64. Following the completion of the transaction, the director now owns 459,449 shares in the company, valued at $55,143,068.98. This trade represents a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the completion of the sale, the executive now directly owns 183,512 shares in the company, valued at approximately $22,939,000. This represents a 1.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 713,446 shares of company stock valued at $97,145,034 in the last ninety days. 11.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have issued reports on DDOG. Sanford C. Bernstein dropped their price objective on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. BMO Capital Markets increased their target price on shares of Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. DA Davidson lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. TD Cowen reaffirmed a “buy” rating and set a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. Finally, UBS Group reiterated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.07.

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.