Ameliora Wealth Management Ltd. Makes New Investment in Datadog, Inc. (NASDAQ:DDOG)

Ameliora Wealth Management Ltd. bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, HoldingsChannel reports. The firm bought 1,175 shares of the company’s stock, valued at approximately $168,000.

Several other hedge funds have also recently modified their holdings of DDOG. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Datadog by 79.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,114 shares of the company’s stock worth $9,018,000 after purchasing an additional 27,890 shares during the last quarter. YANKCOM Partnership purchased a new stake in Datadog during the fourth quarter valued at approximately $118,000. Choreo LLC boosted its stake in Datadog by 12.7% in the fourth quarter. Choreo LLC now owns 4,892 shares of the company’s stock valued at $704,000 after acquiring an additional 552 shares in the last quarter. Nvwm LLC increased its position in shares of Datadog by 2.5% during the fourth quarter. Nvwm LLC now owns 10,007 shares of the company’s stock worth $1,430,000 after purchasing an additional 244 shares in the last quarter. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Datadog during the 4th quarter valued at $1,095,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

DDOG opened at $144.85 on Friday. The business has a 50 day simple moving average of $147.41 and a 200-day simple moving average of $130.00. Datadog, Inc. has a 12 month low of $98.80 and a 12 month high of $170.08. The stock has a market capitalization of $49.21 billion, a P/E ratio of 273.31, a P/E/G ratio of 16.59 and a beta of 1.15.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at approximately $61,236,887.04. This represents a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $155.25, for a total value of $1,228,959.00. Following the completion of the transaction, the director now owns 435,701 shares of the company’s stock, valued at $67,642,580.25. This trade represents a 1.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 780,979 shares of company stock worth $111,869,206 in the last quarter. Company insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Stifel Nicolaus downgraded Datadog from a “buy” rating to a “hold” rating and lowered their price target for the stock from $165.00 to $140.00 in a report on Wednesday, January 29th. Wedbush raised Datadog from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 17th. Rosenblatt Securities increased their price target on shares of Datadog from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on shares of Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Sanford C. Bernstein lowered their price target on shares of Datadog from $157.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.59.

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.