Kieckhefer Group LLC Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Kieckhefer Group LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 300 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Pathstone Holdings LLC boosted its position in shares of Datadog by 0.4% during the third quarter. Pathstone Holdings LLC now owns 23,152 shares of the company’s stock worth $2,664,000 after purchasing an additional 91 shares in the last quarter. GAMMA Investing LLC lifted its stake in Datadog by 19.5% in the 3rd quarter. GAMMA Investing LLC now owns 563 shares of the company’s stock valued at $65,000 after acquiring an additional 92 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Datadog by 3.5% during the 2nd quarter. Parallel Advisors LLC now owns 3,076 shares of the company’s stock worth $399,000 after acquiring an additional 105 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after purchasing an additional 115 shares in the last quarter. Finally, Hudock Inc. boosted its holdings in Datadog by 3.3% during the third quarter. Hudock Inc. now owns 3,596 shares of the company’s stock worth $414,000 after purchasing an additional 116 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on DDOG. TD Cowen reissued a “buy” rating and set a $165.00 price target on shares of Datadog in a research report on Tuesday, November 19th. Wedbush raised shares of Datadog from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 17th. DA Davidson lifted their price objective on shares of Datadog from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Loop Capital lifted their price target on Datadog from $160.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Finally, Royal Bank of Canada boosted their target price on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.46.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $2.66 during mid-day trading on Monday, hitting $137.76. The company had a trading volume of 1,383,029 shares, compared to its average volume of 2,610,997. The company has a market capitalization of $46.80 billion, a PE ratio of 259.93, a price-to-earnings-growth ratio of 19.82 and a beta of 1.11. Datadog, Inc. has a one year low of $98.80 and a one year high of $170.08. The firm has a fifty day moving average price of $144.83 and a 200 day moving average price of $128.29.

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $126.67, for a total value of $1,002,719.72. Following the completion of the sale, the director now directly owns 451,533 shares of the company’s stock, valued at approximately $57,195,685.11. This represents a 1.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 3,393 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $125.03, for a total value of $424,226.79. Following the completion of the transaction, the director now owns 695,086 shares in the company, valued at $86,906,602.58. The trade was a 0.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 465,574 shares of company stock worth $67,069,872 in the last three months. Company insiders own 11.78% of the company’s stock.

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.