Harvest Fund Management Co. Ltd Acquires 11,635 Shares of Datadog, Inc. (NASDAQ:DDOG)

Harvest Fund Management Co. Ltd grew its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 81.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,966 shares of the company’s stock after buying an additional 11,635 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Datadog were worth $3,570,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of Datadog by 7.7% during the fourth quarter. Allworth Financial LP now owns 1,043 shares of the company’s stock valued at $146,000 after buying an additional 75 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Datadog by 21.4% during the fourth quarter. Spire Wealth Management now owns 453 shares of the company’s stock valued at $65,000 after buying an additional 80 shares during the last quarter. Avior Wealth Management LLC grew its holdings in shares of 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. Pathstone Holdings LLC grew its holdings 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 last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Datadog by 5.2% during the fourth quarter. Farther Finance Advisors LLC now owns 1,853 shares of the company’s stock valued at $265,000 after buying an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $102.93 on Wednesday. The company has a market capitalization of $35.28 billion, a price-to-earnings ratio of 201.83, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a one year low of $98.30 and a one year high of $170.08. The company’s fifty day moving average price is $129.20 and its 200-day moving average price is $131.18.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

DDOG has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Datadog in a report on Friday, January 17th. They set an “overweight” rating and a $180.00 price target on the stock. DA Davidson raised their target price on shares of Datadog from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Macquarie restated an “outperform” rating and issued a $200.00 target price on shares of Datadog in a report on Tuesday, February 11th. Mizuho raised their target price on shares of Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, TD Cowen restated a “buy” rating and issued a $165.00 target price on shares of Datadog in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $142.12, for a total value of $1,125,021.92. Following the sale, the director now directly owns 427,785 shares in the company, valued at approximately $60,796,804.20. The trade was a 1.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $3,699,750.00. Following the completion of the sale, the president now owns 195,667 shares in the company, valued at approximately $28,956,759.33. This represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 626,412 shares of company stock worth $79,144,334 in the last three months. Company insiders own 11.78% of the company’s stock.

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.