4,485 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Mengis Capital Management Inc.

Mengis Capital Management Inc. bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,485 shares of the company’s stock, valued at approximately $409,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Datadog during the 4th quarter valued at $202,877,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Datadog during the 3rd quarter valued at $189,668,000. 1832 Asset Management L.P. grew its position in shares of Datadog by 166.2% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,507,400 shares of the company’s stock valued at $246,678,000 after acquiring an additional 1,565,400 shares during the period. Trivest Advisors Ltd grew its position in shares of Datadog by 236.9% during the 2nd quarter. Trivest Advisors Ltd now owns 1,607,000 shares of the company’s stock valued at $158,097,000 after acquiring an additional 1,130,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Datadog by 104.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock valued at $315,783,000 after acquiring an additional 1,066,716 shares during the period. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Guggenheim assumed coverage on shares of Datadog in a research note on Monday, October 23rd. They issued a “neutral” rating on the stock. Robert W. Baird cut shares of Datadog from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $100.00 to $84.00 in a research report on Monday, October 30th. Raymond James upped their target price on shares of Datadog from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. William Blair restated an “outperform” rating on shares of Datadog in a research report on Wednesday, November 8th. Finally, Cantor Fitzgerald upped their target price on shares of Datadog from $115.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $117.53.

View Our Latest Stock Report on Datadog

Datadog Stock Down 0.0 %

DDOG traded down $0.06 during trading on Monday, hitting $134.85. The stock had a trading volume of 9,334,801 shares, compared to its average volume of 4,789,889. The company has a market capitalization of $44.30 billion, a PE ratio of -1,134.07, a PEG ratio of 28.53 and a beta of 1.18. Datadog, Inc. has a twelve month low of $62.60 and a twelve month high of $137.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.35 and a current ratio of 3.35. The stock has a 50 day simple moving average of $122.73 and a two-hundred day simple moving average of $105.45.

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $108.37, for a total value of $1,083,700.00. Following the completion of the sale, the chief financial officer now directly owns 260,617 shares in the company, valued at $28,243,064.29. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO Olivier Pomel sold 104,346 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $117.26, for a total transaction of $12,235,611.96. Following the sale, the chief executive officer now owns 299,075 shares in the company, valued at $35,069,534.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO David M. Obstler sold 10,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $108.37, for a total transaction of $1,083,700.00. Following the sale, the chief financial officer now owns 260,617 shares in the company, valued at approximately $28,243,064.29. The disclosure for this sale can be found here. Insiders sold a total of 845,304 shares of company stock worth $101,237,869 over the last three months. Corporate insiders own 14.97% of the company’s stock.

About Datadog

(Free Report)

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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