Kieckhefer Group LLC Takes $43,000 Position in Datadog, Inc. (NASDAQ:DDOG)

Kieckhefer Group LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 300 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC boosted 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 period. Geode Capital Management LLC boosted its position in shares of Datadog by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after acquiring an additional 125,457 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Datadog by 9.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,944,943 shares of the company’s stock worth $511,620,000 after purchasing an additional 331,808 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of Datadog by 5.9% during the 2nd quarter. 1832 Asset Management L.P. now owns 2,486,600 shares of the company’s stock valued at $322,487,000 after buying an additional 138,700 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Datadog by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock worth $232,988,000 after buying an additional 46,746 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $2.66 during midday trading on Monday, hitting $137.76. 1,383,029 shares of the company’s stock traded hands, compared to its average volume of 2,610,997. The firm has a fifty day moving average of $144.83 and a 200 day moving average of $128.29. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The stock has a market capitalization of $46.80 billion, a price-to-earnings ratio of 259.93, a price-to-earnings-growth ratio of 19.82 and a beta of 1.11.

Insiders Place Their Bets

In other Datadog news, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total value of $3,699,750.00. Following the sale, the president now directly owns 195,667 shares in the company, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 178,723 shares of the business’s stock in a transaction dated 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 owns 379,693 shares in the company, valued at $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 465,574 shares of company stock worth $67,069,872. Company insiders own 11.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DDOG. Rosenblatt Securities lifted their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Barclays upped their price target on shares of Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Robert W. Baird boosted their target price on Datadog from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Macquarie started coverage on shares of Datadog in a research note on Thursday, December 12th. They issued an “outperform” rating and a $200.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of Datadog from $141.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.46.

Datadog Company 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.