XTX Topco Ltd Makes New $1.55 Million Investment in Datadog, Inc. (NASDAQ:DDOG)

XTX Topco Ltd acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, HoldingsChannel reports. The fund acquired 13,500 shares of the company’s stock, valued at approximately $1,553,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baader Bank Aktiengesellschaft raised its position in Datadog by 1.5% during the second quarter. Baader Bank Aktiengesellschaft now owns 5,077 shares of the company’s stock worth $657,000 after acquiring an additional 77 shares in the last quarter. Pathstone Holdings LLC raised its holdings in shares of Datadog by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after purchasing an additional 91 shares during the period. GAMMA Investing LLC raised its holdings in shares of Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after purchasing an additional 92 shares during the period. HB Wealth Management LLC lifted its stake in Datadog by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 1,926 shares of the company’s stock valued at $250,000 after purchasing an additional 95 shares during the last quarter. Finally, WR Wealth Planners LLC grew its holdings in Datadog by 31.6% during the second quarter. WR Wealth Planners LLC now owns 433 shares of the company’s stock worth $56,000 after purchasing an additional 104 shares during the period. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Shardul Shah sold 15,832 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $120.02, for a total transaction of $1,900,156.64. Following the sale, the director now owns 459,449 shares in the company, valued at $55,143,068.98. The trade was a 3.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 9,256 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 48,411 shares of the company’s stock, valued at $5,230,808.55. This represents a 16.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 543,979 shares of company stock valued at $69,320,699. 11.78% of the stock is currently owned by corporate insiders.

Datadog Stock Up 3.2 %

Shares of DDOG stock opened at $168.65 on Monday. The business has a fifty day simple moving average of $132.79 and a 200 day simple moving average of $122.71. The company has a market cap of $57.29 billion, a P/E ratio of 318.21, a P/E/G ratio of 21.49 and a beta of 1.11. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08.

Analyst Ratings Changes

A number of analysts have recently issued reports on DDOG shares. TD Cowen reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Datadog in a research report on Tuesday, November 19th. Sanford C. Bernstein cut their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. UBS Group reissued an “underperform” rating on shares of Datadog in a research report on Friday, October 18th. Finally, DA Davidson lifted 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. One research 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 assigned a strong buy rating to the company. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $152.19.

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.