Consolidated Press International Holdings Ltd. Buys 7,669 Shares of Datadog, Inc. (NASDAQ:DDOG)

Consolidated Press International Holdings Ltd. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 20.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 45,803 shares of the company’s stock after buying an additional 7,669 shares during the period. Datadog comprises approximately 0.8% of Consolidated Press International Holdings Ltd.’s holdings, making the stock its 9th largest position. Consolidated Press International Holdings Ltd.’s holdings in Datadog were worth $5,270,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec increased its stake in Datadog by 99.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 212,606 shares of the company’s stock valued at $24,462,000 after buying an additional 106,245 shares during the period. Circle Wealth Management LLC increased its stake in Datadog by 84.8% during the 3rd quarter. Circle Wealth Management LLC now owns 7,230 shares of the company’s stock valued at $832,000 after buying an additional 3,317 shares during the period. Fred Alger Management LLC increased its stake in Datadog by 8.3% during the 3rd quarter. Fred Alger Management LLC now owns 104,813 shares of the company’s stock valued at $12,060,000 after buying an additional 8,073 shares during the period. Captrust Financial Advisors increased its stake in Datadog by 16.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,513 shares of the company’s stock valued at $1,095,000 after buying an additional 1,349 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in Datadog by 3.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,172 shares of the company’s stock valued at $1,746,000 after buying an additional 511 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG opened at $152.75 on Friday. The company’s 50 day moving average price is $128.23 and its 200 day moving average price is $121.26. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $157.48. The company has a market capitalization of $51.89 billion, a PE ratio of 288.21, a PEG ratio of 19.89 and a beta of 1.10.

Insider Activity at Datadog

In other Datadog news, CFO David M. Obstler sold 33,334 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $135.95, for a total value of $4,531,757.30. Following the completion of the sale, the chief financial officer now directly owns 314,158 shares of the company’s stock, valued at $42,709,780.10. The trade was a 9.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $122.61, for a total transaction of $10,499,952.57. Following the completion of the sale, the chief executive officer now directly owns 392,111 shares of the company’s stock, valued at $48,076,729.71. This represents a 17.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 541,491 shares of company stock valued at $68,927,496. Corporate insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DDOG. BNP Paribas initiated coverage on shares of Datadog in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $150.00 price objective on the stock. Robert W. Baird boosted their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. DA Davidson boosted their target price on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays boosted their target price on shares of Datadog from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, Monness Crespi & Hardt upgraded shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price 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.