Y.D. More Investments Ltd lessened its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,856 shares of the company's stock after selling 3,964 shares during the quarter. Y.D. More Investments Ltd's holdings in Datadog were worth $3,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in DDOG. Retirement Wealth Solutions LLC purchased a new position in shares of Datadog during the fourth quarter worth about $30,000. Avior Wealth Management LLC boosted its stake in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC increased its position in shares of Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company's stock valued at $28,000 after acquiring an additional 240 shares during the period. Meeder Asset Management Inc. raised its position in Datadog by 66.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 288 shares of the company's stock valued at $33,000 after purchasing an additional 115 shares during the last quarter. Finally, Quarry LP bought a new position in Datadog in the 3rd quarter worth $33,000. 78.29% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on DDOG shares. Sanford C. Bernstein lowered their price objective on Datadog from $157.00 to $151.00 and set an "outperform" rating for the company in a research note on Monday, October 21st. Truist Financial downgraded Datadog from a "buy" rating to a "hold" rating and cut their price objective for the company from $170.00 to $150.00 in a research note on Tuesday, January 7th. Scotiabank lowered their price target on Datadog from $135.00 to $133.00 and set a "sector outperform" rating on the stock in a report on Friday, November 8th. Guggenheim reaffirmed a "neutral" rating on shares of Datadog in a research note on Wednesday, January 22nd. Finally, Mizuho upped their target price on Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $157.59.
View Our Latest Research Report on DDOG
Insider Activity at Datadog
In other Datadog news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares in the company, valued at $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Amit Agarwal sold 150,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the transaction, the president now directly owns 214,275 shares in the company, valued at $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 780,979 shares of company stock valued at $111,869,206. 11.78% of the stock is owned by corporate insiders.
Datadog Price Performance
Shares of NASDAQ:DDOG traded down $0.98 during midday trading on Wednesday, hitting $144.85. The company had a trading volume of 4,836,855 shares, compared to its average volume of 4,235,811. The company has a fifty day moving average of $147.55 and a two-hundred day moving average of $129.90. The company has a market cap of $49.21 billion, a price-to-earnings ratio of 273.31, a PEG ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.
About Datadog
(
Free Report)
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.
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