Mengis Capital Management Inc. Acquires New Holdings in Datadog, Inc. (NASDAQ:DDOG)

Mengis Capital Management Inc. purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) during the third quarter, HoldingsChannel reports. The institutional investor purchased 4,485 shares of the company’s stock, valued at approximately $409,000.

A number of other institutional investors have also made changes to their positions in DDOG. Norges Bank acquired a new position in shares of Datadog during the fourth quarter worth $202,877,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Datadog during the third quarter worth $189,668,000. 1832 Asset Management L.P. lifted its position in shares of Datadog by 166.2% during the second quarter. 1832 Asset Management L.P. now owns 2,507,400 shares of the company’s stock worth $246,678,000 after purchasing an additional 1,565,400 shares in the last quarter. Trivest Advisors Ltd lifted its position in shares of Datadog by 236.9% during the second quarter. Trivest Advisors Ltd now owns 1,607,000 shares of the company’s stock worth $158,097,000 after purchasing an additional 1,130,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Datadog by 104.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,084,788 shares of the company’s stock worth $315,783,000 after purchasing an additional 1,066,716 shares in the last quarter. 68.30% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

DDOG stock traded down $0.06 during trading on Monday, hitting $134.85. The company had a trading volume of 9,334,801 shares, compared to its average volume of 4,789,889. The firm has a market capitalization of $44.30 billion, a price-to-earnings ratio of -1,134.07, a P/E/G ratio of 28.53 and a beta of 1.18. The business has a 50 day moving average of $122.73 and a 200 day moving average of $105.45. Datadog, Inc. has a fifty-two week low of $62.60 and a fifty-two week high of $137.93. The company has a current ratio of 3.35, a quick ratio of 3.35 and a debt-to-equity ratio of 0.41.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 133,315 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total value of $17,306,953.30. Following the completion of the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at approximately $38,825,916.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Datadog news, CFO David M. Obstler sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $116.88, for a total value of $1,168,800.00. Following the completion of the sale, the chief financial officer now directly owns 260,617 shares of the company’s stock, valued at approximately $30,460,914.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 133,315 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $129.82, for a total transaction of $17,306,953.30. Following the sale, the chief executive officer now directly owns 299,075 shares of the company’s stock, valued at $38,825,916.50. The disclosure for this sale can be found here. Insiders sold 845,304 shares of company stock valued at $101,237,869 over the last 90 days. 14.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DDOG has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised shares of Datadog from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $90.00 to $115.00 in a research report on Tuesday, November 7th. Citigroup upped their price target on shares of Datadog from $125.00 to $150.00 and gave the company a “buy” rating in a report on Monday, January 22nd. William Blair reaffirmed an “outperform” rating on shares of Datadog in a report on Wednesday, November 8th. Royal Bank of Canada upped their price target on shares of Datadog from $103.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Finally, Scotiabank assumed coverage on shares of Datadog in a report on Tuesday, December 5th. They issued a “sector outperform” rating and a $138.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.53.

View Our Latest Stock Report on Datadog

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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