E Fund Management Hong Kong Co. Ltd. Acquires 891 Shares of Datadog, Inc. (NASDAQ:DDOG)

E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 44,550.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 893 shares of the company’s stock after buying an additional 891 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Datadog were worth $128,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DDOG. Jennison Associates LLC lifted its holdings in shares of Datadog by 2.1% in the third quarter. Jennison Associates LLC now owns 6,273,348 shares of the company’s stock worth $721,811,000 after acquiring an additional 126,613 shares during the last quarter. Geode Capital Management LLC lifted its stake in Datadog by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after purchasing an additional 125,457 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Datadog by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after buying an additional 46,746 shares in the last quarter. Holocene Advisors LP grew its stake in shares of 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 buying an additional 1,097,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Datadog by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock worth $135,377,000 after buying an additional 29,404 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 178,723 shares of Datadog stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 642,679 shares of company stock worth $92,155,421. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Up 0.6 %

NASDAQ DDOG opened at $140.99 on Monday. Datadog, Inc. has a 52 week low of $98.80 and a 52 week high of $170.08. The business has a 50 day moving average price of $147.36 and a 200-day moving average price of $128.89. The company has a market cap of $47.90 billion, a price-to-earnings ratio of 266.02, a P/E/G ratio of 16.28 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Rosenblatt Securities raised their price objective on Datadog from $140.00 to $148.00 and gave the company a “buy” rating in a report on Friday, November 8th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price target on the stock in a report on Thursday, November 7th. Macquarie started coverage on shares of Datadog in a report on Thursday, December 12th. They issued an “outperform” rating and a $200.00 price objective for the company. BNP Paribas began coverage on shares of Datadog in a report on Tuesday, October 8th. They set an “outperform” rating and a $150.00 target price on the stock. Finally, Sanford C. Bernstein dropped their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $158.45.

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.