Nilsine Partners LLC Acquires Shares of 2,423 Datadog, Inc. (NASDAQ:DDOG)

Nilsine Partners LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,423 shares of the company's stock, valued at approximately $346,000.

Other large investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC increased its position in Datadog by 172.2% in the third quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company's stock worth $4,469,000 after purchasing an additional 24,574 shares during the period. Heritage Investors Management Corp bought a new position in shares of Datadog in the 3rd quarter valued at about $1,157,000. Atom Investors LP acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $1,112,000. Parnassus Investments LLC raised its stake in shares of Datadog by 28.4% during the third quarter. Parnassus Investments LLC now owns 185,329 shares of the company's stock worth $21,324,000 after buying an additional 40,952 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Datadog by 2.1% in the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company's stock valued at $721,811,000 after buying an additional 126,613 shares during the period. Institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction that occurred on 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 sale, the director now directly owns 435,701 shares of the company's stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 3,393 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the sale, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. This trade represents a 0.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 653,874 shares of company stock valued at $93,721,154. 11.78% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DDOG. Mizuho upped their target price on shares of Datadog from $155.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Royal Bank of Canada upped their price objective on Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. UBS Group restated an "underperform" rating on shares of Datadog in a report on Friday, October 18th. Macquarie initiated coverage on Datadog in a research note on Thursday, December 12th. They issued an "outperform" rating and a $200.00 price target for the company. Finally, Loop Capital lifted their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, December 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $157.59.

Datadog Trading Down 2.1 %

Shares of NASDAQ:DDOG traded down $3.11 during trading on Thursday, hitting $142.61. 5,965,187 shares of the company were exchanged, compared to its average volume of 4,165,281. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The stock has a market cap of $48.45 billion, a price-to-earnings ratio of 269.08, a P/E/G ratio of 16.28 and a beta of 1.14. The firm has a fifty day moving average price of $148.26 and a two-hundred day moving average price of $129.30.

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.