Y.D. More Investments Ltd Sells 3,964 Shares of Datadog, Inc. (NASDAQ:DDOG)

Y.D. More Investments Ltd reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 13.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,856 shares of the company’s stock after selling 3,964 shares during the period. Y.D. More Investments Ltd’s holdings in Datadog were worth $3,695,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DDOG. Spire Wealth Management grew its stake in Datadog by 21.4% in the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock worth $65,000 after purchasing an additional 80 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock valued at $2,664,000 after buying an additional 91 shares during the period. GAMMA Investing LLC raised its holdings in shares of Datadog by 19.5% in the third quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after acquiring an additional 92 shares in the last quarter. Finally, Parsons Capital Management Inc. RI lifted its stake in Datadog by 2.0% in the fourth quarter. Parsons Capital Management Inc. RI now owns 4,943 shares of the company’s stock worth $706,000 after acquiring an additional 96 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares in the company, valued at approximately $67,642,580.25. This trade represents a 1.78 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 653,874 shares of company stock valued at $93,721,154. 11.78% of the stock is owned by company insiders.

Datadog Trading Up 1.9 %

Shares of DDOG stock opened at $145.83 on Wednesday. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The stock has a market cap of $49.54 billion, a P/E ratio of 275.16, a P/E/G ratio of 16.59 and a beta of 1.15. The stock has a 50 day moving average of $147.72 and a 200 day moving average of $129.71.

Wall Street Analyst Weigh In

A number of research firms have commented on DDOG. Monness Crespi & Hardt raised shares of Datadog from a “neutral” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Thursday, November 7th. Scotiabank cut their price objective on shares of Datadog from $135.00 to $133.00 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. Sanford C. Bernstein lowered their target price on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a report on Monday, October 21st. UBS Group reiterated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Finally, Loop Capital upped their price objective on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One investment 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 issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.59.

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.