Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lowered its stake in Datadog, Inc. (NASDAQ:DDOG) by 95.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,596 shares of the company’s stock after selling 51,053 shares during the period. Hancock Whitney Corp’s holdings in Datadog were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its position in shares of Datadog by 2.1% during the 3rd quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after acquiring an additional 126,613 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Datadog by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after purchasing an additional 331,808 shares in the last quarter. 1832 Asset Management L.P. increased its stake in Datadog by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after purchasing an additional 138,700 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Datadog by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock worth $135,377,000 after purchasing an additional 29,404 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Datadog by 19.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after buying an additional 172,887 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 392,111 shares in the company, valued at approximately $48,076,729.71. This trade represents a 17.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the completion of the sale, the director now owns 48,411 shares in the company, valued at $5,230,808.55. This represents a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 541,491 shares of company stock valued at $68,927,496. 11.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DDOG. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Citigroup raised their price objective on Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird lifted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Needham & Company LLC decreased 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. Finally, Barclays boosted their price objective on Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog Trading Down 1.6 %

Shares of DDOG opened at $151.96 on Thursday. The firm has a market capitalization of $51.62 billion, a P/E ratio of 286.72, a PEG ratio of 20.50 and a beta of 1.10. The firm’s 50-day moving average is $126.74 and its two-hundred day moving average is $120.81. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $157.48.

About Datadog

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.