YANKCOM Partnership Takes $118,000 Position in Datadog, Inc. (NASDAQ:DDOG)

YANKCOM Partnership acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 828 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds have also recently made changes to their positions in the company. True Wealth Design LLC raised its holdings in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. Retirement Wealth Solutions LLC purchased a new stake in Datadog during the fourth quarter valued at approximately $30,000. Avior Wealth Management LLC increased its holdings in Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock valued at $32,000 after buying an additional 81 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock valued at $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new stake in Datadog during the third quarter valued at approximately $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Cowen reaffirmed a “buy” rating and set a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. Loop Capital upped their target price on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Guggenheim reaffirmed a “neutral” rating on shares of Datadog in a report on Wednesday, January 22nd. Finally, Cantor Fitzgerald started coverage on shares of Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.59.

Insider Activity

In related news, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $158.04, for a total value of $393,203.52. Following the transaction, the general counsel now owns 68,758 shares of the company’s stock, valued at $10,866,514.32. This trade represents a 3.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the firm’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 780,979 shares of company stock valued at $111,869,206. 11.78% of the stock is currently owned by company insiders.

Datadog Stock Performance

Shares of DDOG opened at $144.85 on Friday. Datadog, Inc. has a twelve month low of $98.80 and a twelve month high of $170.08. The company has a market cap of $49.21 billion, a P/E ratio of 273.31, a P/E/G ratio of 16.59 and a beta of 1.15. The company’s fifty day simple moving average is $147.41 and its 200-day simple moving average is $130.00.

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.