Daiwa Securities Group Inc. Buys 16,464 Shares of Datadog, Inc. (NASDAQ:DDOG)

Daiwa Securities Group Inc. boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 44.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,396 shares of the company’s stock after buying an additional 16,464 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Datadog were worth $6,144,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Westfield Capital Management Co. LP raised its position in Datadog by 5.5% in the third quarter. Westfield Capital Management Co. LP now owns 597,805 shares of the company’s stock valued at $68,783,000 after purchasing an additional 31,059 shares during the last quarter. Larson Financial Group LLC increased its holdings in Datadog by 3,718.2% in the third quarter. Larson Financial Group LLC now owns 840 shares of the company’s stock worth $97,000 after purchasing an additional 818 shares in the last quarter. Swedbank AB grew its stake in Datadog by 3.2% in the third quarter. Swedbank AB now owns 110,712 shares of the company’s stock valued at $12,739,000 after acquiring an additional 3,483 shares during the period. Algert Global LLC grew its stake in Datadog by 832.9% in the third quarter. Algert Global LLC now owns 41,299 shares of the company’s stock valued at $4,752,000 after acquiring an additional 36,872 shares during the period. Finally, Cerity Partners LLC grew its stake in Datadog by 33.9% in the third quarter. Cerity Partners LLC now owns 40,752 shares of the company’s stock valued at $4,689,000 after acquiring an additional 10,318 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, November 7th. Needham & Company LLC lowered their target price on Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. DA Davidson boosted their price objective on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Rosenblatt Securities boosted their price objective on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, UBS Group restated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.96.

Insider Buying and Selling

In other news, CRO Sean Michael Walters sold 4,244 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.00, for a total transaction of $572,940.00. Following the transaction, the executive now directly owns 179,367 shares in the company, valued at $24,214,545. The trade was a 2.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction dated 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 $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. Over the last quarter, insiders sold 541,491 shares of company stock worth $68,927,496. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Up 1.2 %

NASDAQ:DDOG opened at $156.63 on Tuesday. The company has a fifty day simple moving average of $125.12 and a two-hundred day simple moving average of $120.34. The company has a market cap of $53.21 billion, a price-to-earnings ratio of 295.53, a price-to-earnings-growth ratio of 20.27 and a beta of 1.10. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $157.15.

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.