Los Angeles Capital Management LLC Has $4.47 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Los Angeles Capital Management LLC boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 172.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,841 shares of the company's stock after purchasing an additional 24,574 shares during the quarter. Los Angeles Capital Management LLC's holdings in Datadog were worth $4,469,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Heritage Investors Management Corp bought a new stake in shares of Datadog in the 3rd quarter worth approximately $1,157,000. Vanguard Group Inc. lifted its position in shares of Datadog by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 27,431,107 shares of the company's stock worth $3,390,485,000 after acquiring an additional 171,693 shares during the period. Bank of Montreal Can lifted 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 during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Datadog by 23.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 171,933 shares of the company's stock worth $19,635,000 after acquiring an additional 32,217 shares during the period. Finally, Plato Investment Management Ltd lifted its position in shares of Datadog by 1,648.8% in the 1st quarter. Plato Investment Management Ltd now owns 5,159 shares of the company's stock worth $638,000 after acquiring an additional 4,864 shares during the period. Institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In other Datadog news, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at approximately $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Datadog news, CFO David M. Obstler sold 33,333 shares of Datadog stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $130.39, for a total transaction of $4,346,289.87. Following the transaction, the chief financial officer now directly owns 314,158 shares in the company, valued at approximately $40,963,061.62. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $122.61, for a total value of $10,499,952.57. Following the completion of the sale, the chief executive officer now directly owns 392,111 shares in the company, valued at $48,076,729.71. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 320,579 shares of company stock worth $40,386,541. Corporate insiders own 11.78% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Barclays raised their price objective on Datadog from $140.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Royal Bank of Canada reissued an "outperform" rating and issued a $151.00 target price on shares of Datadog in a report on Friday, August 9th. Needham & Company LLC dropped their target price on Datadog from $165.00 to $140.00 and set a "buy" rating for the company in a report on Friday, August 9th. BTIG Research raised Datadog from a "neutral" rating to a "buy" rating and set a $143.00 target price for the company in a report on Thursday, August 1st. Finally, UBS Group reissued an "underperform" rating on shares of Datadog in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, one has given a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $150.96.

Datadog Trading Up 4.1 %

Shares of NASDAQ:DDOG traded up $5.04 during midday trading on Wednesday, hitting $128.45. The company had a trading volume of 7,681,037 shares, compared to its average volume of 3,837,486. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $138.61. The stock has a market cap of $43.31 billion, a price-to-earnings ratio of 245.36, a PEG ratio of 18.45 and a beta of 1.10. The firm has a fifty day simple moving average of $120.03 and a 200 day simple moving average of $119.40.

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.