1,761 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Keystone Financial Services

Keystone Financial Services purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,761 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds have also added to or reduced their stakes in the company. SouthState Corp bought a new stake in Datadog in the second quarter worth $26,000. Blue Trust Inc. bought a new position in shares of Datadog during the second quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its stake in shares of Datadog by 70.2% during the first quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after acquiring an additional 127 shares during the last quarter. American National Bank & Trust bought a new position in shares of Datadog during the third quarter valued at about $39,000. Finally, Versant Capital Management Inc raised its stake in shares of Datadog by 216.5% during the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock valued at $40,000 after acquiring an additional 210 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays upped their price objective on shares of Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird boosted their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday. Rosenblatt Securities boosted their price target on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research report on Friday. Finally, 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. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $129.33, for a total value of $16,438,489.65. Following the sale, the chief technology officer now owns 336,165 shares in the company, valued at approximately $43,476,219.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $129.33, for a total value of $16,438,489.65. Following the sale, the chief technology officer now owns 336,165 shares in the company, valued at approximately $43,476,219.45. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 2,322 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the completion of the sale, the executive now owns 183,512 shares in the company, valued at $22,939,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 317,186 shares of company stock valued at $39,962,314 over the last 90 days. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Down 1.7 %

Shares of DDOG opened at $122.36 on Tuesday. The company has a market capitalization of $41.25 billion, a P/E ratio of 230.87, a price-to-earnings-growth ratio of 22.72 and a beta of 1.10. The firm has a 50 day moving average of $119.67 and a 200 day moving average of $119.48. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $138.61.

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.