Healthcare of Ontario Pension Plan Trust Fund Takes $8.82 Million Position in Datadog, Inc. (NASDAQ:DDOG)

Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 76,625 shares of the company’s stock, valued at approximately $8,816,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Baader Bank Aktiengesellschaft boosted its holdings in shares of Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock valued at $657,000 after acquiring an additional 77 shares during the period. Pathstone Holdings LLC lifted its holdings in Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares during the period. GAMMA Investing LLC lifted its holdings in Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock worth $65,000 after purchasing an additional 92 shares during the period. HB Wealth Management LLC lifted its holdings in Datadog by 5.2% in the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock worth $250,000 after purchasing an additional 95 shares during the period. Finally, WR Wealth Planners LLC lifted its holdings in Datadog by 31.6% in the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Up 0.5 %

Shares of Datadog stock opened at $152.75 on Friday. The stock has a market capitalization of $51.89 billion, a P/E ratio of 288.21, a PEG ratio of 19.89 and a beta of 1.10. The stock has a 50 day moving average price of $128.23 and a two-hundred day moving average price of $121.26. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $157.48.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Robert W. Baird upped their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. UBS Group reiterated an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Citigroup boosted their price target on shares of Datadog from $150.00 to $157.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson boosted their price target on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $150.96.

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares of the company’s stock, valued at approximately $5,230,808.55. This represents a 16.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David M. Obstler sold 33,334 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at $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 541,491 shares of company stock valued at $68,927,496 over the last 90 days. 11.78% of the stock is currently owned by company 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.