Champlain Investment Partners LLC Buys New Position in Datadog, Inc. (NASDAQ:DDOG)

Champlain Investment Partners LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 456,810 shares of the company’s stock, valued at approximately $52,561,000. Champlain Investment Partners LLC owned about 0.14% of Datadog as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC grew its stake in Datadog by 17.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,396 shares of the company’s stock valued at $1,161,000 after purchasing an additional 1,382 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in Datadog by 116.7% in the first quarter. UniSuper Management Pty Ltd now owns 3,900 shares of the company’s stock valued at $482,000 after purchasing an additional 2,100 shares in the last quarter. EntryPoint Capital LLC bought a new position in Datadog in the first quarter valued at approximately $43,000. Public Employees Retirement Association of Colorado grew its stake in Datadog by 1.4% in the first quarter. Public Employees Retirement Association of Colorado now owns 39,033 shares of the company’s stock valued at $4,824,000 after purchasing an additional 553 shares in the last quarter. Finally, Kodai Capital Management LP bought a new position in Datadog in the first quarter valued at approximately $116,054,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other news, CFO David M. Obstler sold 33,334 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $135.95, for a total transaction of $4,531,757.30. Following the completion of the transaction, the chief financial officer now owns 314,158 shares of the company’s stock, valued at approximately $42,709,780.10. The trade was a 9.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 4,244 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $135.00, for a total value of $572,940.00. Following the transaction, the executive now directly owns 179,367 shares of the company’s stock, valued at $24,214,545. This trade represents a 2.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 541,491 shares of company stock valued at $68,927,496. Corporate insiders own 11.78% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $154.83 on Friday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $155.42. The stock has a market capitalization of $52.60 billion, a P/E ratio of 292.14, a price-to-earnings-growth ratio of 18.83 and a beta of 1.10. The stock has a fifty day moving average of $124.21 and a 200-day moving average of $120.03.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Rosenblatt Securities lifted their target price on Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays lifted their target price on Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. BTIG Research upgraded Datadog from a “neutral” rating to a “buy” rating and set a $143.00 target price for the company in a research note on Thursday, August 1st. Scotiabank reduced their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Finally, TD Cowen reiterated a “buy” rating and set a $165.00 target price on shares of Datadog in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, one has given 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.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.96.

Datadog 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.