Bouvel Investment Partners LLC Makes New $2.27 Million Investment in Datadog, Inc. (NASDAQ:DDOG)

Bouvel Investment Partners LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, Holdings Channel reports. The firm purchased 19,766 shares of the company’s stock, valued at approximately $2,274,000.

Other large investors have also modified their holdings of the company. Kodai Capital Management LP acquired a new position in Datadog in the first quarter valued at approximately $116,054,000. DNB Asset Management AS increased its holdings in Datadog by 1,974.5% in the 2nd quarter. DNB Asset Management AS now owns 847,600 shares of the company’s stock worth $109,925,000 after acquiring an additional 806,741 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Datadog by 1,597.9% during the second quarter. Thrivent Financial for Lutherans now owns 785,261 shares of the company’s stock valued at $101,841,000 after purchasing an additional 739,011 shares in the last quarter. Bank of Montreal Can grew its position in shares of Datadog by 129.2% in the second quarter. Bank of Montreal Can now owns 610,977 shares of the company’s stock valued at $79,384,000 after purchasing an additional 344,431 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Datadog by 9.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after purchasing an additional 331,808 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DDOG. Wedbush upgraded Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Monness Crespi & Hardt raised Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target for the company in a report on Thursday, November 7th. Robert W. Baird boosted their price objective on Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada reiterated an “outperform” rating and set a $151.00 price target on shares of Datadog in a report on Friday, August 9th. Finally, DA Davidson lifted their price target on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.96.

Datadog Trading Up 4.1 %

Shares of DDOG stock opened at $128.45 on Thursday. The company’s fifty day simple moving average is $120.03 and its 200-day simple moving average is $119.40. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $138.61. The company has a market cap of $43.31 billion, a PE ratio of 242.36, a P/E/G ratio of 18.45 and a beta of 1.10.

Insider Activity

In related news, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $108.05, for a total value 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 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 related news, CRO Sean Michael Walters sold 2,322 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $22,939,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $108.05, for a total transaction of $1,000,110.80. Following the transaction, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 320,579 shares of company stock worth $40,386,541. 11.78% of the stock is currently owned by company insiders.

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.