Curi RMB Capital LLC Has $4.53 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Curi RMB Capital LLC raised its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 14.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,406 shares of the company's stock after acquiring an additional 4,980 shares during the quarter. Curi RMB Capital LLC's holdings in Datadog were worth $4,534,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Huntington National Bank grew its holdings in Datadog by 62.9% in the third quarter. Huntington National Bank now owns 1,500 shares of the company's stock valued at $173,000 after purchasing an additional 579 shares during the period. KBC Group NV lifted its holdings in Datadog by 6.1% in the third quarter. KBC Group NV now owns 99,507 shares of the company's stock valued at $11,449,000 after acquiring an additional 5,723 shares during the last quarter. Bouvel Investment Partners LLC purchased a new stake in Datadog in the 3rd quarter valued at about $2,274,000. Plato Investment Management Ltd boosted its position in shares of Datadog by 22.0% during the 3rd quarter. Plato Investment Management Ltd now owns 6,886 shares of the company's stock worth $792,000 after purchasing an additional 1,241 shares during the period. Finally, Pier 88 Investment Partners LLC boosted its holdings in Datadog by 10.1% during the 3rd quarter. Pier 88 Investment Partners LLC now owns 9,270 shares of the company's stock valued at $1,067,000 after acquiring an additional 850 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of analyst reports. DA Davidson boosted their price objective on Datadog from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Monness Crespi & Hardt raised Datadog from a "neutral" rating to a "buy" rating and set a $155.00 price objective for the company in a research report on Thursday, November 7th. Scotiabank cut 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. UBS Group reissued an "underperform" rating on shares of Datadog in a research note on Friday, October 18th. Finally, Barclays increased their price target on shares of Datadog from $140.00 to $155.00 and gave the company an "overweight" rating in a research 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 issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $150.96.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the completion of the sale, the chief technology officer now owns 336,165 shares in the company, valued at $43,476,219.45. This trade represents a 27.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Kerry Acocella sold 2,452 shares of Datadog stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $120.06, for a total transaction of $294,387.12. Following the completion of the transaction, the general counsel now owns 74,421 shares of the company's stock, valued at $8,934,985.26. This trade represents a 3.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 320,579 shares of company stock valued at $40,386,541 in the last ninety days. Company insiders own 11.78% of the company's stock.

Datadog Stock Down 4.1 %

DDOG stock traded down $5.34 during midday trading on Friday, hitting $126.09. 5,776,855 shares of the company traded hands, compared to its average volume of 3,852,884. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $138.61. The business has a 50 day simple moving average of $120.85 and a 200-day simple moving average of $119.55. The stock has a market capitalization of $42.51 billion, a price-to-earnings ratio of 240.74, a price-to-earnings-growth ratio of 19.20 and a beta of 1.10.

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.