United Asset Strategies Inc. Buys 11,606 Shares of Datadog, Inc. (NASDAQ:DDOG)

United Asset Strategies Inc. increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 133.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,328 shares of the company’s stock after acquiring an additional 11,606 shares during the period. United Asset Strategies Inc.’s holdings in Datadog were worth $2,905,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC increased its stake in shares of Datadog by 2.1% in the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock valued at $721,811,000 after buying an additional 126,613 shares during the period. Geode Capital Management LLC boosted its holdings in Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after acquiring an additional 125,457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Datadog by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after purchasing an additional 46,746 shares during the period. Holocene Advisors LP raised its holdings in Datadog by 205.2% during the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Datadog by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after purchasing an additional 29,404 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, General Counsel Kerry Acocella sold 2,488 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the completion of the transaction, the general counsel now directly owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $139.47, for a total value of $3,486,750.00. Following the transaction, the director now directly owns 195,667 shares in the company, valued at $27,289,676.49. This trade represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 642,679 shares of company stock valued at $92,155,421 over the last 90 days. 11.78% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on DDOG. Macquarie assumed coverage on shares of Datadog in a research report on Thursday, December 12th. They set an “outperform” rating and a $200.00 price target for the company. Cantor Fitzgerald began coverage on shares of Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price for the company. Robert W. Baird raised their price target on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. 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 report on Monday, October 21st. Finally, Mizuho raised their target price on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.45.

Datadog Stock Up 0.6 %

NASDAQ:DDOG opened at $140.99 on Monday. The company has a market cap of $47.90 billion, a P/E ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The business has a 50 day moving average price of $147.36 and a two-hundred day moving average price of $128.91.

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.