6,008 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,008 shares of the company's stock, valued at approximately $863,000.

A number of other institutional investors have also added to or reduced their stakes in DDOG. Nwam LLC purchased a new stake in shares of Datadog in the fourth quarter worth approximately $283,000. NewEdge Wealth LLC raised its stake in shares of Datadog by 18.9% in the fourth quarter. NewEdge Wealth LLC now owns 11,451 shares of the company's stock worth $1,636,000 after purchasing an additional 1,821 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Datadog in the fourth quarter worth approximately $269,000. Advisor OS LLC purchased a new stake in shares of Datadog in the fourth quarter worth approximately $621,000. Finally, Kirtland Hills Capital Management LLC raised its stake in shares of Datadog by 36.0% in the fourth quarter. Kirtland Hills Capital Management LLC now owns 4,580 shares of the company's stock worth $654,000 after purchasing an additional 1,212 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the subject of several analyst reports. Loop Capital increased their price objective on Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. Morgan Stanley reissued an "equal weight" rating and issued a $143.00 price objective on shares of Datadog in a research note on Thursday, January 16th. JMP Securities reissued a "market perform" rating on shares of Datadog in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on Datadog in a research report on Friday, January 17th. They set an "overweight" rating and a $180.00 price target for the company. Finally, Truist Financial decreased their price target on Datadog from $150.00 to $140.00 and set a "hold" rating for the company in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $158.70.

Datadog Price Performance

Shares of Datadog stock traded up $3.04 during trading hours on Friday, reaching $116.57. The company had a trading volume of 5,045,615 shares, compared to its average volume of 3,997,828. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a market cap of $39.60 billion, a PE ratio of 228.57, a price-to-earnings-growth ratio of 44.03 and a beta of 1.15. The business has a fifty day simple moving average of $138.51 and a 200 day simple moving average of $131.86.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (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, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, President Amit Agarwal sold 25,000 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the sale, the president now owns 195,667 shares in the company, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the sale, the director now owns 435,701 shares in the company, valued at $67,642,580.25. The trade was a 1.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 556,674 shares of company stock worth $82,904,025 over the last 90 days. Corporate insiders own 11.78% of the company's stock.

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.