B. Metzler seel. Sohn & Co. Holding AG Buys New Position in Datadog, Inc. (NASDAQ:DDOG)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 9,397 shares of the company’s stock, valued at approximately $1,081,000.

Several other hedge funds have also recently added to or reduced their stakes in DDOG. Los Angeles Capital Management LLC raised its stake in Datadog by 172.2% during the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares during the last quarter. Heritage Investors Management Corp acquired a new stake in Datadog during the 3rd quarter worth about $1,157,000. Bank of Montreal Can raised its position in shares of Datadog by 129.2% in the 2nd quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock worth $79,384,000 after acquiring an additional 344,431 shares in the last quarter. Future Fund LLC bought a new stake in shares of Datadog during the 3rd quarter valued at about $1,141,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in Datadog by 23.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company’s stock worth $19,635,000 after purchasing an additional 32,217 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $154.83 on Friday. The company 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 company’s 50-day moving average is $124.21 and its 200 day moving average is $120.03. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $155.42.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the sale, the director now directly owns 48,411 shares of the company’s stock, valued at $5,230,808.55. This represents a 16.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Sean Michael Walters sold 2,322 shares of Datadog stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $125.00, for a total transaction of $290,250.00. Following the completion of the transaction, the executive now owns 183,512 shares of the company’s stock, valued at $22,939,000. The trade was a 1.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 541,491 shares of company stock valued at $68,927,496. Company insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DDOG shares. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 17th. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price target on shares of Datadog in a research note on Tuesday, November 19th. Sanford C. Bernstein reduced their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. Finally, BTIG Research raised Datadog from a “neutral” rating to a “buy” rating and set a $143.00 price target on the stock in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.