Berkshire Capital Holdings Inc. Acquires 73,190 Shares of Datadog, Inc. (NASDAQ:DDOG)

Berkshire Capital Holdings Inc. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 731,900.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 73,200 shares of the company’s stock after buying an additional 73,190 shares during the quarter. Datadog comprises about 3.8% of Berkshire Capital Holdings Inc.’s portfolio, making the stock its 11th largest holding. Berkshire Capital Holdings Inc.’s holdings in Datadog were worth $10,460,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. True Wealth Design LLC boosted its stake in shares of Datadog by 12,000.0% during the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Retirement Wealth Solutions LLC purchased a new stake in Datadog in the 4th quarter valued at about $30,000. Avior Wealth Management LLC grew its stake in Datadog by 55.9% in the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after acquiring an additional 81 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of Datadog by 66.5% during the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after acquiring an additional 115 shares during the period. Finally, Quarry LP purchased a new position in shares of Datadog during the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the transaction, the chief technology officer now owns 324,778 shares of the company’s stock, valued at approximately $45,861,901.38. This represents a 28.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Amit Agarwal sold 25,000 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $147.99, for a total value of $3,699,750.00. Following the transaction, the president now owns 195,667 shares in the company, valued at $28,956,759.33. This represents a 11.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 626,412 shares of company stock worth $79,144,334 in the last three months. Company insiders own 11.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on DDOG shares. Macquarie reissued an “outperform” rating and issued a $200.00 price objective on shares of Datadog in a research note on Tuesday, February 11th. Royal Bank of Canada increased their price target on Datadog from $151.00 to $170.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC restated a “buy” rating and issued a $160.00 price objective on shares of Datadog in a report on Tuesday, March 4th. JMP Securities reiterated a “market perform” rating on shares of Datadog in a report on Friday, February 14th. Finally, Mizuho raised their target price on shares of Datadog from $155.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Datadog Stock Performance

Datadog stock opened at $104.43 on Thursday. The business’s 50-day simple moving average is $128.45 and its two-hundred day simple moving average is $130.99. The company has a market cap of $35.79 billion, a PE ratio of 204.77, a PEG ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a fifty-two week low of $98.30 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, February 13th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. As a group, analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

About Datadog

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.