GF Fund Management CO. LTD. Invests $8.48 Million in Datadog, Inc. (NASDAQ:DDOG)

GF Fund Management CO. LTD. bought a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,361 shares of the company's stock, valued at approximately $8,482,000.

Several other institutional investors have also recently made changes to their positions in DDOG. Merit Financial Group LLC bought a new position in shares of Datadog in the fourth quarter worth about $343,000. HB Wealth Management LLC boosted its position in shares of Datadog by 20.0% during the fourth quarter. HB Wealth Management LLC now owns 2,428 shares of the company's stock worth $347,000 after acquiring an additional 404 shares during the last quarter. Perpetual Ltd purchased a new position in Datadog during the fourth quarter valued at $355,000. Dakota Wealth Management purchased a new stake in Datadog in the 4th quarter worth $435,000. Finally, SG Americas Securities LLC lifted its stake in Datadog by 149.5% in the 4th quarter. SG Americas Securities LLC now owns 18,372 shares of the company's stock worth $2,625,000 after purchasing an additional 11,009 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DDOG shares. Rosenblatt Securities decreased their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Macquarie reduced their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Citigroup reduced their price objective on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Jefferies Financial Group reaffirmed a "buy" rating on shares of Datadog in a research note on Tuesday, May 6th. Finally, Barclays lifted their price objective on Datadog from $125.00 to $128.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 6th. Seven analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average target price of $141.54.

Datadog Stock Up 2.7%

DDOG traded up $3.14 during trading hours on Tuesday, reaching $117.60. 3,316,280 shares of the company's stock traded hands, compared to its average volume of 4,390,235. The firm has a 50-day moving average price of $102.65 and a 200 day moving average price of $125.04. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm has a market capitalization of $40.61 billion, a PE ratio of 230.59, a PEG ratio of 44.03 and a beta of 1.12.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million during the quarter, compared to analyst estimates of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. Datadog's revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. Equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 47,306 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $107.40, for a total value of $5,080,664.40. Following the completion of the transaction, the director now directly owns 25,468 shares of the company's stock, valued at approximately $2,735,263.20. The trade was a 65.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amit Agarwal sold 10,167 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $115.86, for a total value of $1,177,948.62. Following the completion of the transaction, the director now directly owns 82,324 shares of the company's stock, valued at approximately $9,538,058.64. The trade was a 10.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 584,867 shares of company stock valued at $60,517,652 in the last ninety days. Corporate insiders own 11.78% of the company's stock.

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.