Oak Harvest Investment Services purchased a new position in Datadog, Inc. (NASDAQ:DDOG – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 7,117 shares of the company’s stock, valued at approximately $968,000.
Several other hedge funds have also bought and sold shares of the stock. PKO Investment Management Joint Stock Co purchased a new position in shares of Datadog during the 3rd quarter valued at approximately $1,709,000. Hartford Investment Management Co. purchased a new position in shares of Datadog during the 3rd quarter valued at approximately $2,689,000. Munro Partners purchased a new position in shares of Datadog during the 3rd quarter valued at approximately $7,120,000. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in shares of Datadog by 134.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock valued at $4,435,000 after purchasing an additional 17,860 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Datadog Trading Up 2.5%
Shares of NASDAQ:DDOG opened at $126.61 on Friday. Datadog, Inc. has a 1 year low of $87.69 and a 1 year high of $201.69. The firm has a market capitalization of $44.64 billion, a price-to-earnings ratio of 408.42, a price-to-earnings-growth ratio of 33.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.38 and a quick ratio of 3.38. The business’s 50 day moving average price is $119.97 and its 200-day moving average price is $138.75.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Robert W. Baird set a $180.00 target price on shares of Datadog in a report on Wednesday, February 11th. UBS Group set a $195.00 target price on shares of Datadog in a report on Monday, February 9th. Wolfe Research decreased their target price on Datadog from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 10th. Barclays decreased their target price on Datadog from $195.00 to $165.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 11th. Finally, BTIG Research decreased their target price on Datadog from $221.00 to $170.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Thirty-eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $179.95.
Get Our Latest Research Report on DDOG
Insider Buying and Selling at Datadog
In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $125.49, for a total value of $6,765,416.88. Following the transaction, the chief technology officer owned 437,257 shares in the company, valued at approximately $54,871,380.93. This trade represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 22,330 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $125.68, for a total value of $2,806,434.40. Following the completion of the transaction, the executive owned 238,384 shares in the company, valued at $29,960,101.12. The trade was a 8.56% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 523,833 shares of company stock worth $63,581,080. Corporate insiders own 6.67% of the company’s stock.
Datadog Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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