Point72 Asset Management L.P. bought a new position in shares of Datadog (NASDAQ:DDOG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 87,018 shares of the company’s stock, valued at approximately $2,951,000.
Several other large investors have also recently made changes to their positions in DDOG. California State Teachers Retirement System purchased a new position in shares of Datadog in the 3rd quarter valued at approximately $34,000. FNY Investment Advisers LLC purchased a new stake in Datadog in the third quarter worth $161,000. Price Wealth LLC purchased a new stake in Datadog in the third quarter worth $178,000. SG Americas Securities LLC bought a new position in Datadog in the third quarter worth $196,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Datadog in the third quarter worth $383,000. 33.70% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Amit Agarwal purchased 25,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were purchased at an average price of $27.00 per share, for a total transaction of $675,000.00. Also, CFO David M. Obstler purchased 15,000 shares of Datadog stock in a transaction that occurred on Monday, September 23rd. The shares were purchased at an average cost of $27.00 per share, with a total value of $405,000.00. Insiders have bought 571,280 shares of company stock valued at $15,271,460 over the last 90 days.
NASDAQ DDOG opened at $37.77 on Wednesday. Datadog has a 12 month low of $27.55 and a 12 month high of $44.09. The business has a fifty day moving average of $36.10. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.94 and a current ratio of 4.94.
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
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