Y Intercept Hong Kong Ltd Purchases 30,998 Shares of Datadog, Inc. (NASDAQ:DDOG)

Y Intercept Hong Kong Ltd grew its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 140.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,116 shares of the company's stock after buying an additional 30,998 shares during the period. Datadog makes up 0.5% of Y Intercept Hong Kong Ltd's holdings, making the stock its 16th biggest position. Y Intercept Hong Kong Ltd's holdings in Datadog were worth $7,590,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its stake in shares of Datadog by 7.7% in the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company's stock valued at $146,000 after buying an additional 75 shares during the period. Spire Wealth Management raised its holdings in Datadog by 21.4% in the 4th quarter. Spire Wealth Management now owns 453 shares of the company's stock valued at $65,000 after acquiring an additional 80 shares in the last quarter. Avior Wealth Management LLC lifted its position in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after acquiring an additional 81 shares during the period. Pathstone Holdings LLC increased its position in shares of Datadog by 0.4% in the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company's stock worth $2,664,000 after purchasing an additional 91 shares during the period. Finally, Parsons Capital Management Inc. RI increased its position in shares of Datadog by 2.0% in the fourth quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company's stock worth $706,000 after purchasing an additional 96 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DDOG shares. Jefferies Financial Group increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Macquarie reaffirmed an "outperform" rating and set a $200.00 price target on shares of Datadog in a report on Tuesday, February 11th. Scotiabank decreased their price objective on shares of Datadog from $135.00 to $133.00 and set a "sector outperform" rating on the stock in a research note on Friday, November 8th. Robert W. Baird boosted their price objective on shares of Datadog from $140.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and issued a $143.00 target price on shares of Datadog in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $158.70.

Insider Transactions at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 2,488 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total transaction of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company's stock, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now directly owns 435,701 shares of the company's stock, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 556,674 shares of company stock worth $82,904,025. Company insiders own 11.78% of the company's stock.

Datadog Stock Up 0.1 %

DDOG traded up $0.16 during midday trading on Thursday, hitting $113.53. 5,099,942 shares of the company were exchanged, compared to its average volume of 5,330,145. The firm's 50 day moving average price is $139.84 and its 200-day moving average price is $131.84. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The firm has a market capitalization of $38.57 billion, a P/E ratio of 222.61, a P/E/G ratio of 44.03 and a beta of 1.15.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a return on equity of 8.28% and a net margin of 6.85%. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.