Datadog Inc ( DDOG ) shares are trading higher in Wednesday’s after-hours session after it was announced the company will join the S&P 500.

What Happened: After market close on Wednesday, S&P Dow Jones Indices announced that Datadog ( DDOG ) will replace Juniper Networks in the S&P 500, effective prior to the market open on July 9.

The shakeup comes after Hewlett Packard Enterprise completed its acquisition of Juniper on Wednesday.

Datadog ( DDOG ) operates a monitoring and security platform for cloud applications.

Shares of Robinhood Markets Inc ( HOOD ) , AppLovin Corp ( APP ) , Interactive Brokers Group Inc ( IBKR ) and Carvana Co ( CVNA ) were all trading lower at last check as they had been considered strong candidates for potential S&P 500 inclusion.

Robinhood shares were hit the hardest, last down about 2.3% in after-hours after climbing to new all-time highs in Wednesday’s regular session.

DDOG Price Action: Datadog ( DDOG ) shares were up 9.40% in extended trading on Wednesday, trading at $147.70 at the time of publication, per Benzinga Pro.

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