Hel Ved Capital Management Ltd Buys 18,150 Shares of Datadog, Inc. (NASDAQ:DDOG)

Hel Ved Capital Management Ltd increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 244.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,575 shares of the company’s stock after purchasing an additional 18,150 shares during the quarter. Hel Ved Capital Management Ltd’s holdings in Datadog were worth $3,654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. KCM Investment Advisors LLC acquired a new position in Datadog in the 4th quarter valued at $286,000. Resona Asset Management Co. Ltd. bought a new stake in shares of Datadog in the 4th quarter worth approximately $12,010,000. Prudential PLC boosted its stake in Datadog by 127.8% during the fourth quarter. Prudential PLC now owns 62,450 shares of the company’s stock worth $8,923,000 after buying an additional 35,041 shares in the last quarter. Motley Fool Asset Management LLC increased its stake in Datadog by 12.9% in the fourth quarter. Motley Fool Asset Management LLC now owns 15,314 shares of the company’s stock valued at $2,188,000 after acquiring an additional 1,746 shares during the period. Finally, Westpac Banking Corp raised its stake in Datadog by 33.5% during the fourth quarter. Westpac Banking Corp now owns 1,520 shares of the company’s stock worth $217,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the topic of several analyst reports. Wells Fargo & Company lowered shares of Datadog from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $152.00 to $140.00 in a report on Thursday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a report on Thursday, January 16th. Needham & Company LLC restated a “buy” rating and set a $160.00 price target on shares of Datadog in a research report on Tuesday, March 4th. Barclays dropped their price target on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 14th. Finally, Truist Financial reduced their price objective on Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $157.22.

Insider Activity at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $142.12, for a total value of $1,125,021.92. Following the completion of the sale, the director now directly owns 427,785 shares in the company, valued at $60,796,804.20. The trade was a 1.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Amit Agarwal sold 25,000 shares of the business’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.12, for a total transaction of $3,528,000.00. Following the completion of the sale, the director now directly owns 195,667 shares of the company’s stock, valued at approximately $27,612,527.04. The trade was a 11.33 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,412 shares of company stock worth $75,444,584. Company insiders own 11.78% of the company’s stock.

Datadog Trading Down 6.9 %

Shares of DDOG opened at $87.93 on Friday. The stock has a market capitalization of $30.14 billion, a price-to-earnings ratio of 172.42, a PEG ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 12 month low of $86.57 and a 12 month high of $170.08. The firm has a fifty day simple moving average of $119.52 and a 200 day simple moving average of $130.21.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.