Datadog, Inc. (NASDAQ:DDOG) Shares Bought by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 31.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,172 shares of the company’s stock after buying an additional 3,906 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Datadog were worth $2,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Dimensional Fund Advisors LP raised its holdings in shares of Datadog by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 306,402 shares of the company’s stock valued at $39,735,000 after purchasing an additional 29,890 shares in the last quarter. Toronto Dominion Bank boosted its stake in Datadog by 1.3% during the second quarter. Toronto Dominion Bank now owns 29,499 shares of the company’s stock worth $3,826,000 after buying an additional 381 shares in the last quarter. APG Asset Management US Inc. boosted its holdings in Datadog by 2.1% during the second quarter. APG Asset Management US Inc. now owns 85,469 shares of the company’s stock valued at $11,154,000 after purchasing an additional 1,789 shares in the last quarter. APG Asset Management N.V. grew its position in Datadog by 9.8% in the second quarter. APG Asset Management N.V. now owns 197,943 shares of the company’s stock valued at $23,953,000 after acquiring an additional 17,588 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Datadog during the 2nd quarter worth about $367,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the subject of several research reports. Morgan Stanley restated an “equal weight” rating and issued a $143.00 price objective on shares of Datadog in a research report on Thursday, January 16th. UBS Group reiterated an “underperform” rating on shares of Datadog in a report on Friday, October 18th. Guggenheim reissued a “neutral” rating on shares of Datadog in a research note on Wednesday. Stifel Nicolaus raised their target price 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. Finally, Loop Capital boosted their price objective on shares of Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $158.45.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $125.03, for a total transaction of $424,226.79. Following the transaction, the director now owns 695,086 shares of the company’s stock, valued at approximately $86,906,602.58. The trade was a 0.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Kerry Acocella sold 2,488 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $158.04, for a total transaction of $393,203.52. Following the sale, the general counsel now owns 68,758 shares of the company’s stock, valued at approximately $10,866,514.32. The trade was a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 642,679 shares of company stock valued at $92,155,421 in the last three months. 11.78% of the stock is currently owned by company insiders.

Datadog Price Performance

Shares of Datadog stock opened at $140.99 on Friday. The stock has a market cap of $47.90 billion, a PE ratio of 266.02, a price-to-earnings-growth ratio of 16.28 and a beta of 1.14. Datadog, Inc. has a 1 year low of $98.80 and a 1 year high of $170.08. The firm has a fifty day moving average price of $147.06 and a 200 day moving average price of $128.82.

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.