FNY Investment Advisers LLC Takes Position in Datadog, Inc. (NASDAQ:DDOG)

FNY Investment Advisers LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,350 shares of the company’s stock, valued at approximately $192,000.

A number of other hedge funds also recently bought and sold shares of the business. Oppenheimer & Co. Inc. increased its holdings in shares of Datadog by 4.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 13,624 shares of the company’s stock worth $1,767,000 after buying an additional 593 shares during the last quarter. Parallel Advisors LLC grew its position in Datadog by 3.5% in the second quarter. Parallel Advisors LLC now owns 3,076 shares of the company’s stock worth $399,000 after acquiring an additional 105 shares in the last quarter. Thoroughbred Financial Services LLC bought a new stake in Datadog during the second quarter worth approximately $481,000. Envestnet Asset Management Inc. raised its position in Datadog by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 356,011 shares of the company’s stock valued at $46,171,000 after purchasing an additional 26,431 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Datadog by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock valued at $511,620,000 after purchasing an additional 331,808 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity

In other Datadog news, 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 sale, the director now directly owns 435,701 shares in the company, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of Datadog 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 completion of the transaction, the director now directly owns 695,086 shares in the company, valued at $86,906,602.58. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 609,763 shares of company stock worth $87,543,649. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Up 0.8 %

Shares of DDOG stock opened at $139.16 on Wednesday. The company’s 50 day moving average is $145.36 and its 200 day moving average is $128.42. The firm has a market cap of $47.28 billion, a price-to-earnings ratio of 262.57, a PEG ratio of 19.82 and a beta of 1.14. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DDOG shares. Stifel Nicolaus boosted their target price on Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. 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. UBS Group reaffirmed an “underperform” rating on shares of Datadog in a research note on Friday, October 18th. Truist Financial lowered shares of Datadog from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $170.00 to $150.00 in a research report on Tuesday, January 7th. Finally, Scotiabank dropped their target price on Datadog from $135.00 to $133.00 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $157.46.

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.