Datadog, Inc. (NASDAQ:DDOG) Shares Sold by BluePointe Capital Management LLC

BluePointe Capital Management LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 13.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 3,085 shares of the company’s stock after selling 473 shares during the period. BluePointe Capital Management LLC’s holdings in Datadog were worth $355,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DDOG. Vanguard Group Inc. grew its holdings in Datadog by 0.6% in the first 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 period. Massachusetts Financial Services Co. MA grew its position in Datadog by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after acquiring an additional 331,808 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Datadog by 5.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after purchasing an additional 138,700 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Datadog by 19.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,068,070 shares of the company’s stock worth $138,518,000 after purchasing an additional 172,887 shares in the last quarter. Finally, Kodai Capital Management LP acquired a new position in shares of Datadog during the 1st quarter valued at $116,054,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total value of $1,002,719.72. Following the completion of the transaction, the director now directly owns 451,533 shares in the company, valued at $57,195,685.11. This trade represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $125.03, for a total transaction of $424,226.79. Following the sale, the director now owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 320,579 shares of company stock worth $40,386,541 in the last ninety days. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Up 2.3 %

Shares of DDOG stock opened at $131.43 on Friday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $138.61. The stock has a market capitalization of $44.31 billion, a P/E ratio of 247.99, a P/E/G ratio of 19.20 and a beta of 1.10. The stock has a 50-day simple moving average of $120.42 and a 200 day simple moving average of $119.46.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DDOG. 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 research note on Thursday, August 1st. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. DA Davidson boosted their price objective on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Datadog in a research report on Monday, July 22nd. Finally, Rosenblatt Securities boosted their price target on shares of Datadog from $140.00 to $148.00 and gave the company a “buy” rating 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average price target 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.