Datadog, Inc. (NASDAQ:DDOG) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.3% in the fourth quarter, Holdings Channel reports. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC acquired a new stake in Datadog during the fourth quarter worth $1,095,000. Stratos Wealth Partners LTD. grew its holdings in shares of Datadog by 6.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 3,892 shares of the company’s stock worth $556,000 after purchasing an additional 248 shares during the period. Financial Life Planners acquired a new stake in shares of Datadog during the 4th quarter worth about $58,000. Jennison Associates LLC raised its holdings in Datadog by 47.9% in the 4th quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock valued at $1,325,826,000 after buying an additional 3,005,300 shares during the period. Finally, Western Pacific Wealth Management LP acquired a new position in Datadog in the fourth quarter valued at about $77,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus downgraded shares of Datadog from a “buy” rating to a “hold” rating and reduced their price target for the company from $165.00 to $140.00 in a research note on Wednesday, January 29th. DA Davidson boosted their target price on Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Morgan Stanley restated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a research report on Thursday, January 16th. Macquarie assumed coverage on Datadog in a report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 price objective on the stock. Finally, Robert W. Baird raised their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $157.59.

Datadog Stock Up 1.9 %

Shares of Datadog stock opened at $145.83 on Wednesday. The firm has a market cap of $49.54 billion, a price-to-earnings ratio of 275.16, a price-to-earnings-growth ratio of 16.59 and a beta of 1.15. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The company’s 50-day simple moving average is $147.72 and its 200-day simple moving average is $129.71.

Insiders Place Their Bets

In other news, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total transaction of $18,904,500.00. Following the completion of the sale, the president now directly owns 214,275 shares in the company, valued at approximately $27,005,078.25. This trade represents a 41.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the sale, the director now owns 695,086 shares in the company, valued at approximately $86,906,602.58. The trade was a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is owned by corporate insiders.

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.