Hel Ved Capital Management Ltd Has $3.65 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Hel Ved Capital Management Ltd raised its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 244.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,575 shares of the company’s stock after purchasing an additional 18,150 shares during the period. Hel Ved Capital Management Ltd’s holdings in Datadog were worth $3,654,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Retirement Wealth Solutions LLC acquired a new stake in shares of Datadog in the 4th quarter valued at approximately $30,000. Avior Wealth Management LLC grew its stake in shares of Datadog by 55.9% during the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. Quarry LP acquired a new position in shares of Datadog during the third quarter worth $33,000. Kieckhefer Group LLC bought a new position in shares of Datadog in the 4th quarter valued at $43,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Datadog during the 4th quarter valued at $43,000. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

DDOG opened at $87.93 on Friday. Datadog, Inc. has a 1 year low of $86.57 and a 1 year high of $170.08. The company has a market capitalization of $30.14 billion, a price-to-earnings ratio of 172.42, a P/E/G ratio of 44.03 and a beta of 1.20. The firm’s fifty day moving average price is $119.52 and its two-hundred day moving average price is $130.21.

Datadog (NASDAQ:DDOG) last posted its earnings results 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 return on equity of 8.28% and a net margin of 6.85%. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the transaction, the chief technology officer now directly owns 371,865 shares of the company’s stock, valued at $37,986,009.75. This represents a 25.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $139.86, for a total transaction of $1,565,732.70. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $53,103,862.98. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,412 shares of company stock worth $75,444,584 in the last quarter. 11.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. Barclays dropped their target price on Datadog from $187.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. Macquarie reaffirmed an “outperform” rating and set a $200.00 price target on shares of Datadog in a research note on Tuesday, February 11th. Truist Financial reduced their price objective on shares of Datadog from $140.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, March 31st. Finally, Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They set an “overweight” rating and a $180.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.22.

Datadog 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.