China Universal Asset Management Co. Ltd. Sells 1,849 Shares of Datadog, Inc. (NASDAQ:DDOG)

China Universal Asset Management Co. Ltd. trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,696 shares of the company’s stock after selling 1,849 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Datadog were worth $3,386,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in DDOG. Clear Creek Financial Management LLC increased its stake in Datadog by 40.9% in the 4th quarter. Clear Creek Financial Management LLC now owns 7,900 shares of the company’s stock worth $1,129,000 after acquiring an additional 2,295 shares during the last quarter. Factory Mutual Insurance Co. grew its holdings in shares of Datadog by 103.8% in the fourth quarter. Factory Mutual Insurance Co. now owns 152,495 shares of the company’s stock valued at $21,790,000 after purchasing an additional 77,655 shares in the last quarter. Caprock Group LLC increased its position in Datadog by 4.3% in the fourth quarter. Caprock Group LLC now owns 4,156 shares of the company’s stock worth $594,000 after purchasing an additional 173 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in Datadog during the fourth quarter valued at $235,000. Finally, Strategic Advocates LLC grew its stake in shares of Datadog by 13.4% in the 4th quarter. Strategic Advocates LLC now owns 9,850 shares of the company’s stock worth $1,407,000 after buying an additional 1,166 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DDOG shares. Robert W. Baird increased their price target on shares of Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and cut their target price for the company from $165.00 to $140.00 in a research report on Wednesday. Morgan Stanley restated an “equal weight” rating and set a $143.00 price target on shares of Datadog in a report on Thursday, January 16th. DA Davidson lifted their price objective on shares of Datadog from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Loop Capital increased their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $157.59.

Datadog Trading Up 0.1 %

DDOG opened at $142.71 on Friday. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a fifty day moving average price of $147.99 and a 200-day moving average price of $129.49. The firm has a market cap of $48.48 billion, a price-to-earnings ratio of 269.27, a PEG ratio of 16.94 and a beta of 1.14.

Insiders Place Their Bets

In other news, Director Matthew Jacobson sold 3,393 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now directly owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 178,723 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 379,693 shares of the company’s stock, valued at $61,236,887.04. The trade was a 32.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 653,874 shares of company stock worth $93,721,154. 11.78% of the stock is owned by corporate insiders.

Datadog 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.