VMS Asset Management Limited increased its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 13.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,803 shares of the company’s stock after buying an additional 3,883 shares during the period. Datadog comprises about 3.4% of VMS Asset Management Limited’s holdings, making the stock its 9th largest position. VMS Asset Management Limited’s holdings in Datadog were worth $8,709,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in shares of Datadog by 1,691.4% in the second quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after acquiring an additional 175,821 shares during the last quarter. Congress Asset Management Co. lifted its position in shares of Datadog by 3.0% in the third quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock valued at $71,350,000 after acquiring an additional 7,802 shares in the last quarter. Cooper Financial Group boosted its stake in shares of Datadog by 188.1% during the third quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock valued at $5,733,000 after acquiring an additional 13,669 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Datadog by 7,711.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock valued at $25,755,000 after acquiring an additional 92,844 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its position in Datadog by 133.7% during the 1st quarter. iA Global Asset Management Inc. now owns 94,540 shares of the company’s stock worth $11,160,000 after purchasing an additional 54,084 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.
Datadog Stock Performance
NASDAQ DDOG opened at $269.33 on Thursday. The business’s 50-day moving average price is $245.68 and its 200 day moving average price is $220.01. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The company has a market capitalization of $96.71 billion, a PE ratio of 549.66, a price-to-earnings-growth ratio of 27.65 and a beta of 1.51. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.
Analyst Upgrades and Downgrades
DDOG has been the subject of several analyst reports. The Goldman Sachs Group reissued a “sell” rating and issued a $158.00 target price on shares of Datadog in a research note on Friday, August 7th. Zacks Research lowered shares of Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Barclays raised their price target on shares of Datadog from $290.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday. TD Cowen lifted their price target on shares of Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $300.00 price target on shares of Datadog in a report on Sunday. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $280.51.
Check Out Our Latest Analysis on Datadog
Insiders Place Their Bets
In other Datadog news, General Counsel Kerry Acocella sold 5,280 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the transaction, the general counsel owned 115,243 shares of the company’s stock, valued at $26,373,360.55. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive directly owned 233,135 shares in the company, valued at approximately $51,532,160.40. This represents a 4.78% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 991,988 shares of company stock valued at $241,440,796. 6.48% of the stock is currently owned by corporate insiders.
Datadog Profile
Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.
The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.
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