Datadog, Inc. (NASDAQ:DDOG) Shares Purchased by Consolidated Press International Holdings Ltd.

Consolidated Press International Holdings Ltd. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 20.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,803 shares of the company’s stock after purchasing an additional 7,669 shares during the period. Datadog accounts for 0.8% of Consolidated Press International Holdings Ltd.’s portfolio, making the stock its 9th largest position. Consolidated Press International Holdings Ltd.’s holdings in Datadog were worth $5,270,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Datadog by 99.9% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 212,606 shares of the company’s stock worth $24,462,000 after acquiring an additional 106,245 shares in the last quarter. Circle Wealth Management LLC increased its position in shares of Datadog by 84.8% in the third quarter. Circle Wealth Management LLC now owns 7,230 shares of the company’s stock worth $832,000 after acquiring an additional 3,317 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Datadog by 8.3% in the third quarter. Fred Alger Management LLC now owns 104,813 shares of the company’s stock worth $12,060,000 after acquiring an additional 8,073 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Datadog by 16.5% in the third quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock worth $1,095,000 after acquiring an additional 1,349 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in shares of Datadog by 3.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock worth $1,746,000 after acquiring an additional 511 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $152.75 on Friday. The firm’s 50-day moving average is $128.23 and its 200-day moving average is $121.26. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $157.48. The company has a market cap of $51.89 billion, a P/E ratio of 288.21, a PEG ratio of 19.89 and a beta of 1.10.

Insider Transactions at Datadog

In related news, CFO David M. Obstler sold 33,334 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the sale, the chief financial officer now owns 314,158 shares of the company’s stock, valued at $42,709,780.10. This trade represents a 9.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 15,832 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the completion of the sale, the director now directly owns 459,449 shares in the company, valued at approximately $55,143,068.98. This trade represents a 3.33 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 541,491 shares of company stock worth $68,927,496. 11.78% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DDOG. BNP Paribas began coverage on shares of Datadog in a research report on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective for the company. DA Davidson increased their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Rosenblatt Securities raised their price target on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank lowered their price target on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average 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.