MQS Management LLC Invests $236,000 in Datadog, Inc. (NASDAQ:DDOG)

MQS Management LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,047 shares of the company’s stock, valued at approximately $236,000.

A number of other institutional investors also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft boosted its holdings in shares of Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC raised its position in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after buying an additional 92 shares in the last quarter. HB Wealth Management LLC raised its position in shares of Datadog by 5.2% in the second quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after buying an additional 95 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Datadog by 1.2% in the first quarter. Ameritas Investment Partners Inc. now owns 8,867 shares of the company’s stock valued at $1,096,000 after buying an additional 103 shares in the last quarter. Finally, WR Wealth Planners LLC raised its position in shares of Datadog by 31.6% in the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock valued at $56,000 after buying an additional 104 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Activity

In related news, CRO Sean Michael Walters sold 2,322 shares of the company’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $125.00, for a total value of $290,250.00. Following the sale, the executive now owns 183,512 shares in the company, valued at $22,939,000. This represents a 1.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.61, for a total transaction of $10,499,952.57. Following the transaction, the chief executive officer now directly owns 392,111 shares in the company, valued at approximately $48,076,729.71. This represents a 17.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 320,579 shares of company stock worth $40,386,541. Company insiders own 11.78% of the company’s stock.

Datadog Trading Down 4.1 %

Shares of DDOG opened at $126.09 on Friday. The stock has a market capitalization of $42.51 billion, a P/E ratio of 237.91, a price-to-earnings-growth ratio of 19.20 and a beta of 1.10. The firm’s fifty day simple moving average is $120.85 and its two-hundred day simple moving average is $119.55. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $138.61.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DDOG. Wedbush upgraded shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. BNP Paribas began coverage on shares of Datadog in a research report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 price objective for the company. Robert W. Baird boosted their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Scotiabank lowered their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Finally, BTIG Research upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price objective for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.96.

Datadog Company Profile

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.