Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 103.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 152,495 shares of the company’s stock after acquiring an additional 77,655 shares during the period. Factory Mutual Insurance Co.’s holdings in Datadog were worth $21,790,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. True Wealth Design LLC grew its position in Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after buying an additional 240 shares during the period. Retirement Wealth Solutions LLC acquired a new stake in Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC grew its position in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the period. Meeder Asset Management Inc. grew its position in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the period. Finally, Quarry LP acquired a new stake in Datadog during the third quarter valued at $33,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the transaction, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. This trade represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 653,874 shares of company stock worth $93,721,154 over the last 90 days. 11.78% of the stock is owned by insiders.

Datadog Price Performance

Shares of DDOG stock opened at $142.71 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The firm’s 50-day moving average is $148.23 and its two-hundred day moving average is $129.39. The company has a market capitalization of $48.48 billion, a PE ratio of 269.27, a price-to-earnings-growth ratio of 16.94 and a beta of 1.14.

Analysts Set New Price Targets

Several analysts recently commented on DDOG shares. BMO Capital Markets raised their price target on shares of Datadog from $135.00 to $145.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Sanford C. Bernstein decreased their price objective on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. Citigroup increased their price objective on shares of Datadog from $157.00 to $170.00 and gave the company a “buy” rating in a report on Friday, January 17th. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Finally, Scotiabank decreased their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average target price of $157.59.

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.