First Horizon Advisors Inc. Buys 127 Shares of Datadog, Inc. (NASDAQ:DDOG)

First Horizon Advisors Inc. boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 15.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 940 shares of the company’s stock after buying an additional 127 shares during the quarter. First Horizon Advisors Inc.’s holdings in Datadog were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Kodai Capital Management LP bought a new position in Datadog during the 1st quarter valued at about $116,054,000. DNB Asset Management AS boosted its position in shares of Datadog by 1,974.5% during the second quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock valued at $109,925,000 after buying an additional 806,741 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Datadog by 1,597.9% during the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after buying an additional 739,011 shares during the period. Bank of Montreal Can grew its stake in shares of Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after buying an additional 344,431 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Datadog by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after buying an additional 331,808 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $154.83 on Friday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $155.42. The firm has a market capitalization of $52.60 billion, a price-to-earnings ratio of 292.14, a PEG ratio of 18.83 and a beta of 1.10. The stock’s 50-day simple moving average is $124.21 and its 200-day simple moving average is $120.03.

Insider Buying and Selling

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

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. UBS Group reiterated an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Scotiabank dropped their target price 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. Needham & Company LLC reduced their target price on shares of Datadog from $165.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays boosted their price target on Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, TD Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of Datadog in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.