Dean Capital Investments Management LLC Takes $542,000 Position in Datadog (NASDAQ:DDOG)

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Dean Capital Investments Management LLC acquired a new stake in shares of Datadog (NASDAQ:DDOG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,979 shares of the company’s stock, valued at approximately $542,000.

Several other large investors also recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in Datadog during the 3rd quarter valued at $161,000. Price Wealth LLC acquired a new position in shares of Datadog in the third quarter worth $178,000. SG Americas Securities LLC acquired a new position in shares of Datadog in the third quarter worth $196,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Datadog in the third quarter worth $383,000. Finally, Segantii Capital Management Ltd acquired a new position in shares of Datadog in the third quarter worth $1,187,000. Institutional investors own 14.24% of the company’s stock.

Datadog stock traded up $5.06 during mid-day trading on Wednesday, hitting $39.46. 385,683 shares of the company’s stock were exchanged, compared to its average volume of 1,819,942. Datadog has a 1-year low of $27.55 and a 1-year high of $41.44. The business has a 50 day moving average price of $33.42.

In other news, major shareholder Iconiq Strategic Partners Ii, purchased 525,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was bought at an average cost of $27.00 per share, for a total transaction of $14,175,000.00. Also, CFO David M. Obstler purchased 15,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were purchased at an average price of $27.00 per share, with a total value of $405,000.00. Insiders have acquired 571,280 shares of company stock worth $15,271,460 over the last three months.

A number of equities analysts have recently weighed in on DDOG shares. William Blair started coverage on shares of Datadog in a research note on Monday, October 14th. They issued an “outperform” rating on the stock. Credit Suisse Group started coverage on shares of Datadog in a research note on Wednesday, November 6th. They issued a “neutral” rating and a $40.00 price target on the stock. They noted that the move was a valuation call. Royal Bank of Canada started coverage on shares of Datadog in a research note on Monday, October 14th. They issued a “sector perform” rating and a $39.00 price target on the stock. Barclays started coverage on shares of Datadog in a research note on Monday, October 14th. They issued an “overweight” rating and a $45.00 price target on the stock. Finally, JPMorgan Chase & Co. started coverage on shares of Datadog in a research note on Monday, October 14th. They issued an “overweight” rating and a $45.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $40.89.

Datadog Profile

Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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