Menard Financial Group LLC Acquires New Holdings in Datadog, Inc. (NASDAQ:DDOG)

Menard Financial Group LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,018 shares of the company’s stock, valued at approximately $232,000.

Other institutional investors also recently modified their holdings of the company. Motley Fool Asset Management LLC grew its position in Datadog by 4.4% during the 3rd quarter. Motley Fool Asset Management LLC now owns 13,568 shares of the company’s stock worth $1,546,000 after acquiring an additional 571 shares during the last quarter. Motley Fool Wealth Management LLC boosted its stake in shares of Datadog by 65.9% during the third quarter. Motley Fool Wealth Management LLC now owns 185,127 shares of the company’s stock valued at $21,301,000 after purchasing an additional 73,547 shares in the last quarter. Needham Investment Management LLC bought a new stake in shares of Datadog during the third quarter worth about $230,000. IHT Wealth Management LLC acquired a new position in shares of Datadog in the third quarter valued at approximately $239,000. Finally, Insight Holdings Group LLC raised its holdings in Datadog by 0.7% in the 3rd quarter. Insight Holdings Group LLC now owns 139,600 shares of the company’s stock valued at $16,062,000 after buying an additional 1,000 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 85,637 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the completion of the sale, the chief executive officer now owns 392,111 shares in the company, valued at $48,076,729.71. This represents a 17.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the transaction, the director now owns 48,411 shares in the company, valued at approximately $5,230,808.55. This trade represents a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 541,491 shares of company stock valued at $68,927,496. 11.78% of the stock is owned by corporate insiders.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $155.01 on Wednesday. The company has a 50-day moving average price of $129.72 and a 200-day moving average price of $121.79. The stock has a market capitalization of $52.66 billion, a P/E ratio of 292.48, a P/E/G ratio of 20.01 and a beta of 1.11. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $157.48.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Citigroup upped their price target on shares of Datadog from $150.00 to $157.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group restated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Robert W. Baird lifted their target price on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays increased their price target on Datadog from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $151.00 price objective on shares of Datadog in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.