Union Bancaire Privee UBP SA lowered its stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 99.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,064 shares of the company’s stock after selling 3,588,804 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Datadog were worth $3,904,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after acquiring an additional 22,646 shares during the period. Cornerstone Planning Group LLC grew its stake in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC acquired a new stake in Datadog in the 1st quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new stake in Datadog in the 1st quarter valued at $37,000. Finally, Center for Financial Planning Inc. grew its stake in Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after acquiring an additional 345 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.
Datadog Stock Up 4.5%
NASDAQ DDOG opened at $145.26 on Tuesday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The business’s fifty day simple moving average is $136.33 and its 200-day simple moving average is $122.38. The firm has a market cap of $50.66 billion, a PE ratio of 415.04, a P/E/G ratio of 54.41 and a beta of 1.11.
Analyst Ratings Changes
DDOG has been the topic of a number of research analyst reports. Mizuho lifted their price target on shares of Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. DA Davidson set a $160.00 price objective on Datadog and gave the company a “buy” rating in a report on Tuesday, August 5th. Barclays set a $170.00 price objective on Datadog and gave the company an “overweight” rating in a report on Thursday, August 7th. UBS Group set a $165.00 price objective on Datadog and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Wedbush restated an “outperform” rating and issued a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $153.41.
Get Our Latest Stock Report on DDOG
Insider Transactions at Datadog
In related news, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the sale, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,322,175 shares of company stock worth $173,997,227 in the last quarter. Company insiders own 8.70% of the company’s stock.
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.
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