Nilsine Partners LLC Invests $346,000 in Datadog, Inc. (NASDAQ:DDOG)

Nilsine Partners LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,423 shares of the company’s stock, valued at approximately $346,000.

Several other large investors also recently bought and sold shares of DDOG. Holocene Advisors LP increased its position in Datadog by 205.2% during the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock worth $187,878,000 after purchasing an additional 1,097,815 shares during the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Datadog during the 3rd quarter worth approximately $52,561,000. Eagle Asset Management Inc. raised its position in shares of Datadog by 72.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 914,776 shares of the company’s stock valued at $113,844,000 after buying an additional 384,121 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of Datadog by 51.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 608,252 shares of the company’s stock valued at $69,985,000 after buying an additional 206,696 shares during the period. Finally, KBC Group NV lifted its holdings in Datadog by 199.7% in the fourth quarter. KBC Group NV now owns 298,225 shares of the company’s stock valued at $42,614,000 after acquiring an additional 198,718 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of a number of research analyst reports. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and reduced their target price for the company from $165.00 to $140.00 in a research report on Wednesday. Barclays boosted 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. Jefferies Financial Group increased their target price on shares of Datadog from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Sanford C. Bernstein reduced their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a research note on Monday, October 21st. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $143.00 price objective on shares of Datadog in a research report on Thursday, January 16th. One equities research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.59.

Datadog Stock Down 4.1 %

Shares of DDOG opened at $145.72 on Thursday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The stock has a 50 day moving average price of $148.05 and a 200 day moving average price of $129.18. The company has a market capitalization of $49.50 billion, a price-to-earnings ratio of 274.95, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14.

Insider Activity

In related news, Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the sale, the director now directly owns 695,086 shares of the company’s stock, valued at $86,906,602.58. This represents a 0.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the transaction, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This represents a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 653,874 shares of company stock worth $93,721,154. Corporate insiders own 11.78% of the company’s stock.

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.