Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Quest Partners LLC

Quest Partners LLC raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 2,323.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,115 shares of the company’s stock after acquiring an additional 1,069 shares during the period. Quest Partners LLC’s holdings in Datadog were worth $128,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Los Angeles Capital Management LLC grew its stake in shares of Datadog by 172.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock valued at $4,469,000 after buying an additional 24,574 shares during the period. Heritage Investors Management Corp purchased a new stake in Datadog during the third quarter valued at about $1,157,000. Bank of Montreal Can increased its stake in Datadog by 129.2% during the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after acquiring an additional 344,431 shares during the last quarter. Future Fund LLC purchased a new position in shares of Datadog in the 3rd quarter worth about $1,141,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Datadog by 23.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company’s stock valued at $19,635,000 after purchasing an additional 32,217 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In related news, CFO David M. Obstler sold 33,334 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total transaction 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 approximately $42,709,780.10. This trade represents a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 4,244 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total transaction of $572,940.00. Following the transaction, the executive now directly owns 179,367 shares of the company’s stock, valued at $24,214,545. This represents a 2.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 541,491 shares of company stock valued at $68,927,496. Company insiders own 11.78% of the company’s stock.

Datadog Trading Down 1.6 %

Shares of DDOG opened at $151.96 on Friday. The stock has a market cap of $51.62 billion, a P/E ratio of 286.72, a price-to-earnings-growth ratio of 20.50 and a beta of 1.10. The stock’s 50-day moving average price is $127.47 and its two-hundred day moving average price is $121.02. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $157.48.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. TD Cowen reiterated a “buy” rating and set a $165.00 price objective on shares of Datadog in a research note on Tuesday, November 19th. DA Davidson increased their price target on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a report on Friday, November 8th. Barclays boosted their price objective on Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Needham & Company LLC lowered their target price on Datadog from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $151.00 price target on shares of Datadog in a research report on Friday, August 9th. One 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $150.96.

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.