Oppenheimer & Co. Inc. Has $1.53 Million Holdings in Datadog, Inc. (NASDAQ:DDOG)

Oppenheimer & Co. Inc. cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOGFree Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,597 shares of the company’s stock after selling 4,447 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Datadog were worth $1,529,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DDOG. Norges Bank acquired a new position in shares of Datadog during the fourth quarter worth approximately $384,986,000. Alkeon Capital Management LLC acquired a new position in shares of Datadog in the third quarter valued at $127,526,000. Vanguard Group Inc. raised its stake in shares of Datadog by 4.7% in the third quarter. Vanguard Group Inc. now owns 26,524,875 shares of the company’s stock valued at $2,416,151,000 after purchasing an additional 1,191,742 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Datadog by 31.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,733,448 shares of the company’s stock valued at $331,786,000 after purchasing an additional 651,244 shares in the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Datadog in the third quarter valued at $44,939,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DDOG shares. Wedbush restated an “outperform” rating and issued a $155.00 target price on shares of Datadog in a research note on Monday, May 6th. William Blair restated an “outperform” rating on shares of Datadog in a research note on Friday, February 16th. Wells Fargo & Company upgraded Datadog from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $152.00 price objective on shares of Datadog in a research note on Monday, April 22nd. Finally, Barclays dropped their price objective on Datadog from $152.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $137.50.

Check Out Our Latest Stock Analysis on Datadog

Datadog Price Performance

Datadog stock opened at $109.47 on Monday. The business’s 50-day simple moving average is $121.49 and its 200 day simple moving average is $122.80. The stock has a market cap of $36.62 billion, a price-to-earnings ratio of 342.09, a P/E/G ratio of 42.65 and a beta of 1.09. Datadog, Inc. has a 12-month low of $77.81 and a 12-month high of $138.61. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOGGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.20. Datadog had a return on equity of 7.48% and a net margin of 5.11%. The business had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. As a group, research analysts anticipate that Datadog, Inc. will post 0.27 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CFO David M. Obstler sold 15,000 shares of the stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the transaction, the chief financial officer now owns 275,191 shares of the company’s stock, valued at $35,851,883.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Datadog news, CEO Olivier Pomel sold 23,924 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $130.05, for a total value of $3,111,316.20. Following the transaction, the chief executive officer now owns 337,247 shares of the company’s stock, valued at $43,858,972.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 15,000 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $130.28, for a total value of $1,954,200.00. Following the sale, the chief financial officer now directly owns 275,191 shares in the company, valued at approximately $35,851,883.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 565,136 shares of company stock valued at $67,772,282. 11.78% of the stock is currently owned by company insiders.

Datadog Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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