Apollon Wealth Management LLC Makes New $765,000 Investment in Datadog, Inc. (NASDAQ:DDOG)

Apollon Wealth Management LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,351 shares of the company’s stock, valued at approximately $765,000.

A number of other large investors have also bought and sold shares of the company. Jennison Associates LLC increased its position in Datadog by 47.9% in the fourth quarter. Jennison Associates LLC now owns 9,278,648 shares of the company’s stock worth $1,325,826,000 after buying an additional 3,005,300 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Datadog by 2.5% in the third quarter. Geode Capital Management LLC now owns 5,185,557 shares of the company’s stock valued at $595,438,000 after purchasing an additional 125,457 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Datadog by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,024,926 shares of the company’s stock valued at $232,988,000 after purchasing an additional 46,746 shares in the last quarter. Holocene Advisors LP grew its position in shares of Datadog by 205.2% in the third quarter. Holocene Advisors LP now owns 1,632,870 shares of the company’s stock valued at $187,878,000 after purchasing an additional 1,097,815 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Datadog by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,176,577 shares of the company’s stock valued at $135,377,000 after purchasing an additional 29,404 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent research reports. Jefferies Financial Group lifted their price target on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Barclays lifted their price target on Datadog from $155.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Sanford C. Bernstein reduced their price target on Datadog from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Monday, October 21st. Cantor Fitzgerald initiated coverage on Datadog in a research report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price target for the company. Finally, Rosenblatt Securities lifted their price target on Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.52.

Datadog Trading Up 1.8 %

NASDAQ DDOG opened at $148.09 on Thursday. Datadog, Inc. has a 1-year low of $98.80 and a 1-year high of $170.08. The stock has a 50-day moving average of $146.75 and a 200-day moving average of $130.77. The firm has a market cap of $50.31 billion, a PE ratio of 279.42, a price-to-earnings-growth ratio of 16.83 and a beta of 1.15.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 178,723 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $161.28, for a total transaction of $28,824,445.44. Following the completion of the transaction, the chief executive officer now owns 379,693 shares of the company’s stock, valued at $61,236,887.04. This represents a 32.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $46,371,802.84. The trade was a 28.13 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 777,586 shares of company stock valued at $111,444,979. Insiders own 11.78% of the company’s stock.

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.