2,000 Shares in Datadog, Inc. (NASDAQ:DDOG) Bought by Central Asset Investments & Management Holdings HK Ltd

Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $286,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DDOG. K.J. Harrison & Partners Inc purchased a new position in shares of Datadog during the fourth quarter valued at about $863,000. Nwam LLC bought a new position in Datadog during the fourth quarter valued at approximately $283,000. NewEdge Wealth LLC grew its holdings in Datadog by 18.9% during the 4th quarter. NewEdge Wealth LLC now owns 11,451 shares of the company’s stock valued at $1,636,000 after buying an additional 1,821 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Datadog in the 4th quarter worth approximately $269,000. Finally, Advisor OS LLC bought a new stake in Datadog in the 4th quarter worth approximately $621,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on DDOG. Truist Financial lowered their target price on Datadog from $150.00 to $140.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Jefferies Financial Group increased their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Guggenheim restated a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. Finally, JMP Securities reiterated a “market perform” rating on shares of Datadog in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Performance

Datadog stock opened at $113.37 on Thursday. Datadog, Inc. has a fifty-two week low of $98.80 and a fifty-two week high of $170.08. The company has a market capitalization of $38.51 billion, a PE ratio of 222.30, a P/E/G ratio of 44.03 and a beta of 1.15. The company has a 50 day moving average price of $139.84 and a 200-day moving average price of $131.84.

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

Insider Buying and Selling

In related news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the transaction, the president now directly owns 195,667 shares of the company’s stock, valued at $28,956,759.33. This trade represents a 11.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 556,674 shares of company stock valued at $82,904,025 over the last three months. 11.78% of the stock is owned by company insiders.

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.