E Fund Management Hong Kong Co. Ltd. Increases Position in Datadog, Inc. (NASDAQ:DDOG)

E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 44,550.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 893 shares of the company’s stock after acquiring an additional 891 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Datadog were worth $128,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of DDOG. True Wealth Design LLC increased its position in shares of Datadog by 12,000.0% during the 3rd quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the fourth quarter worth about $30,000. Avior Wealth Management LLC raised its position in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares during the period. Meeder Asset Management Inc. boosted its stake in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Datadog during the 3rd quarter valued at approximately $33,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Up 0.6 %

DDOG opened at $140.99 on Monday. The stock has a market capitalization of $47.90 billion, a P/E ratio of 266.02, a PEG ratio of 16.28 and a beta of 1.14. The stock has a 50-day moving average price of $147.36 and a 200-day moving average price of $128.89. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $170.08.

Insider Buying and Selling

In other Datadog news, Director Amit Agarwal sold 25,000 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $139.47, for a total transaction of $3,486,750.00. Following the completion of the sale, the director now directly owns 195,667 shares in the company, valued at $27,289,676.49. This represents a 11.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Kerry Acocella sold 2,488 shares of Datadog stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total value of $393,203.52. Following the completion of the transaction, the general counsel now owns 68,758 shares in the company, valued at approximately $10,866,514.32. This represents a 3.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 642,679 shares of company stock worth $92,155,421 in the last quarter. 11.78% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on DDOG shares. Cantor Fitzgerald started coverage on Datadog in a research note on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. Truist Financial lowered Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $170.00 to $150.00 in a report on Tuesday, January 7th. Barclays upped their price objective on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Robert W. Baird lifted their target price on shares of Datadog from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.45.

Check Out Our Latest Research Report on DDOG

Datadog Company Profile

(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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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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