Datadog, Inc. (NASDAQ:DDOG) Shares Acquired by Curi RMB Capital LLC

Curi RMB Capital LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 14.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,406 shares of the company’s stock after acquiring an additional 4,980 shares during the period. Curi RMB Capital LLC’s holdings in Datadog were worth $4,534,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company’s stock valued at $3,390,485,000 after purchasing an additional 171,693 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Datadog by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after buying an additional 331,808 shares during the period. 1832 Asset Management L.P. lifted its position in Datadog by 5.9% in the second quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after buying an additional 138,700 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Datadog by 19.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after buying an additional 172,887 shares during the period. Finally, Kodai Capital Management LP acquired a new stake in shares of Datadog during the first quarter valued at about $116,054,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DDOG shares. BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective on the stock in a report on Thursday, August 1st. BMO Capital Markets upped their price target on Datadog from $135.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Rosenblatt Securities lifted their price objective on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Sanford C. Bernstein decreased their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Scotiabank lowered their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.96.

Insider Activity at Datadog

In related news, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value of $1,000,110.80. Following the completion of the sale, the director now directly owns 48,411 shares of the company’s stock, valued at $5,230,808.55. The trade was a 16.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $126.67, for a total value of $1,002,719.72. Following the transaction, the director now directly owns 451,533 shares in the company, valued at approximately $57,195,685.11. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,579 shares of company stock valued at $40,386,541 over the last three months. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Performance

DDOG opened at $131.43 on Friday. Datadog, Inc. has a one year low of $98.80 and a one year high of $138.61. The company has a market cap of $44.31 billion, a P/E ratio of 247.98, a PEG ratio of 18.45 and a beta of 1.10. The business’s 50-day simple moving average is $120.42 and its 200-day simple moving average is $119.46.

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.