Perpetual Ltd Invests $355,000 in Datadog, Inc. (NASDAQ:DDOG)

Perpetual Ltd purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,481 shares of the company’s stock, valued at approximately $355,000.

Several other institutional investors also recently modified their holdings of the business. 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 worth $721,811,000 after acquiring an additional 126,613 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Datadog by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock worth $595,438,000 after acquiring an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Datadog by 2.4% in the 3rd 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 acquiring an additional 46,746 shares in the last quarter. Holocene Advisors LP increased its stake in shares of Datadog by 205.2% in the 3rd quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after acquiring an additional 1,097,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Datadog by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock worth $135,377,000 after acquiring an additional 29,404 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Citigroup increased their price target on shares of Datadog from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Morgan Stanley restated an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. Macquarie initiated coverage on shares of Datadog in a research note on Thursday, December 12th. They set an “outperform” rating and a $200.00 price objective for the company. Guggenheim restated a “neutral” rating on shares of Datadog in a research note on Wednesday. Finally, Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $158.45.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $140.20 on Friday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The company has a market capitalization of $47.63 billion, a P/E ratio of 264.53, a P/E/G ratio of 16.09 and a beta of 1.14. The firm’s 50 day simple moving average is $146.89 and its two-hundred day simple moving average is $128.74.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the sale, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of Datadog stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 617,679 shares of company stock valued at $88,668,671 over the last 90 days. 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.