CreativeOne Wealth LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

CreativeOne Wealth LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,623 shares of the company’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DDOG. SouthState Corp acquired a new position in Datadog during the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. boosted 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 worth $33,000 after buying an additional 115 shares during the period. Blue Trust Inc. bought a new position in Datadog in the 2nd quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its position in Datadog by 70.2% in the 1st 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. Finally, American National Bank & Trust bought a new stake in Datadog during the 3rd quarter valued at $39,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DDOG shares. TD Cowen reissued a “buy” rating and set a $165.00 price target on shares of Datadog in a report on Tuesday, November 19th. UBS Group reissued an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Scotiabank lowered their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. Finally, Needham & Company LLC cut their target price on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $150.96.

Datadog Stock Up 0.1 %

Shares of NASDAQ:DDOG opened at $152.88 on Tuesday. The company’s fifty day moving average is $128.23 and its two-hundred day moving average is $121.31. The company has a market cap of $51.94 billion, a P/E ratio of 288.45, a price-to-earnings-growth ratio of 19.99 and a beta of 1.10. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $157.48.

Insiders Place Their Bets

In other news, CRO Sean Michael Walters sold 4,244 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total transaction of $572,940.00. Following the completion of the sale, the executive now directly owns 179,367 shares of the company’s stock, valued at $24,214,545. This trade represents a 2.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David M. Obstler sold 33,334 shares of Datadog stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the sale, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $42,709,780.10. This represents a 9.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 541,491 shares of company stock worth $68,927,496 in the last quarter. 11.78% of the stock is currently owned by corporate insiders.

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.