Datadog, Inc. (NASDAQ:DDOG) Shares Bought by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC has increased its ownership in Datadog, Inc. by 100%, now holding 20,000 shares valued at approximately $1.98 million.
• Several institutional investors, including OVERSEA CHINESE BANKING Corp Ltd, have significantly raised their stakes in Datadog, collectively owning 78.29% of the company's stock.
• Analysts have diverse opinions on Datadog, with price target adjustments ranging from $120.00 to $175.00, and an average rating of "Moderate Buy" based on 24 buy ratings.

New Age Alpha Advisors LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 100.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,000 shares of the company's stock after purchasing an additional 10,000 shares during the period. New Age Alpha Advisors LLC's holdings in Datadog were worth $1,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Datadog by 887.0% during 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 in the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Putney Financial Group LLC purchased a new stake in Datadog during the 4th quarter worth about $32,000. Elequin Capital LP purchased a new position in Datadog in the 4th quarter valued at about $34,000. Finally, Opal Wealth Advisors LLC purchased a new stake in shares of Datadog during the first quarter worth about $37,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the subject of several analyst reports. Bank of America boosted their price target on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday, July 7th. Barclays increased their price target on shares of Datadog from $128.00 to $170.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Canaccord Genuity Group dropped their price target on Datadog from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Rosenblatt Securities decreased their target price on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, May 5th. Finally, Stifel Nicolaus lifted their price target on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $148.86.

Datadog Stock Up 3.0%

Shares of Datadog stock opened at $136.96 on Thursday. The business has a 50-day moving average price of $134.51 and a 200 day moving average price of $120.96. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market cap of $47.30 billion, a P/E ratio of 297.75, a P/E/G ratio of 73.11 and a beta of 1.02. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.34.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. Datadog had a return on equity of 6.39% and a net margin of 5.85%. The business had revenue of $761.55 million during the quarter, compared to the consensus estimate of $741.73 million. During the same period in the previous year, the business earned $0.44 EPS. The business's quarterly revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Shardul Shah sold 7,924 shares of Datadog stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total value of $1,115,699.20. Following the completion of the transaction, the director directly owned 380,281 shares of the company's stock, valued at approximately $53,543,564.80. The trade was a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 11,195 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $150.82, for a total transaction of $1,688,429.90. Following the sale, the chief executive officer directly owned 548,715 shares of the company's stock, valued at approximately $82,757,196.30. This represents a 2.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 794,450 shares of company stock valued at $100,732,467 over the last quarter. 8.70% of the stock is owned by company insiders.

Datadog 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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