GF Fund Management CO. LTD. Buys Shares of 59,361 Datadog, Inc. (NASDAQ:DDOG)

GF Fund Management CO. LTD. acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 59,361 shares of the company's stock, valued at approximately $8,482,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GTS Securities LLC increased its position in shares of Datadog by 12.6% in the 4th quarter. GTS Securities LLC now owns 1,598 shares of the company's stock valued at $228,000 after acquiring an additional 179 shares during the period. Vise Technologies Inc. acquired a new position in shares of Datadog in the 4th quarter valued at $263,000. Highview Capital Management LLC DE increased its position in shares of Datadog by 4.3% in the 4th quarter. Highview Capital Management LLC DE now owns 8,735 shares of the company's stock valued at $1,248,000 after acquiring an additional 364 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Datadog by 177.3% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 128,433 shares of the company's stock valued at $18,352,000 after acquiring an additional 82,112 shares during the period. Finally, Elequin Capital LP acquired a new position in shares of Datadog in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Price Performance

DDOG traded down $1.30 during trading hours on Wednesday, reaching $116.30. 2,514,607 shares of the stock traded hands, compared to its average volume of 4,382,718. The firm's fifty day simple moving average is $102.93 and its two-hundred day simple moving average is $124.99. The company has a market cap of $40.16 billion, a price-to-earnings ratio of 228.04, a PEG ratio of 44.03 and a beta of 1.12. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. Datadog had a net margin of 6.85% and a return on equity of 8.28%. The company had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. During the same period last year, the business earned $0.44 EPS. The firm's revenue for the quarter was up 24.6% compared to the same quarter last year. On average, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on DDOG shares. Wells Fargo & Company cut their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 7th. UBS Group increased their price target on Datadog from $120.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. BTIG Research set a $136.00 price target on Datadog and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wedbush cut their price target on Datadog from $155.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, Rosenblatt Securities cut their price target on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.54.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $109.56, for a total value of $11,762,909.40. Following the transaction, the chief executive officer now owns 435,793 shares of the company's stock, valued at $47,745,481.08. The trade was a 19.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $102.04, for a total transaction of $862,646.16. Following the completion of the transaction, the executive now directly owns 185,871 shares in the company, valued at $18,966,276.84. This represents a 4.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 584,867 shares of company stock worth $60,517,652 in the last ninety days. 11.78% of the stock is owned by insiders.

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.