CreativeOne Wealth LLC Invests $302,000 in Datadog, Inc. (NASDAQ:DDOG)

CreativeOne Wealth LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,623 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DDOG. SouthState Corp bought a new stake in Datadog in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. raised its position in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Datadog in the second quarter valued at about $37,000. Versant Capital Management Inc grew its position in Datadog by 216.5% during the second quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in 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 period. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Up 0.1 %

Shares of NASDAQ DDOG opened at $152.88 on Tuesday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $157.48. The company has a 50-day moving average of $128.23 and a two-hundred day moving average of $121.31. The company has a market cap of $51.94 billion, a PE ratio of 288.45, a P/E/G ratio of 19.99 and a beta of 1.10.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $122.61, for a total transaction of $10,499,952.57. Following the completion of the sale, the chief executive officer now owns 392,111 shares in the company, valued at $48,076,729.71. The trade was a 17.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Amit Agarwal sold 150,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the transaction, the president now owns 214,275 shares in the company, valued at $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 541,491 shares of company stock worth $68,927,496 in the last quarter. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup raised their price objective on Datadog from $150.00 to $157.00 and gave the stock a “buy” 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 stock a “buy” rating in a research note on Friday, November 8th. Needham & Company LLC lowered their price target on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $151.00 price objective on shares of Datadog in a report on Friday, August 9th. Finally, Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.96.

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.