Datadog, Inc. (NASDAQ:DDOG) Stock Holdings Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 69.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,222 shares of the company's stock after buying an additional 9,488 shares during the period. Oppenheimer & Co. Inc.'s holdings in Datadog were worth $2,304,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DDOG. Groupama Asset Managment grew its position in Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock valued at $943,074,000 after buying an additional 5,299,688 shares in the last quarter. Janus Henderson Group PLC grew its position in Datadog by 17,477.2% in the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock valued at $573,923,000 after buying an additional 3,993,707 shares in the last quarter. Norges Bank bought a new position in Datadog in the 4th quarter valued at about $462,910,000. Brown Advisory Inc. grew its position in Datadog by 2,804.2% in the 4th quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock valued at $392,830,000 after buying an additional 2,654,512 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Datadog by 341.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock valued at $155,694,000 after buying an additional 1,213,475 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the transaction, the chief executive officer now owns 548,715 shares in the company, valued at $72,364,534.20. This trade represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Kerry Acocella sold 5,099 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $116.84, for a total value of $595,767.16. Following the transaction, the general counsel now owns 115,490 shares in the company, valued at approximately $13,493,851.60. This trade represents a 4.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 901,778 shares of company stock worth $103,817,113. Insiders own 8.70% of the company's stock.

Datadog Stock Performance

Shares of DDOG opened at $131.12 on Friday. The company has a 50-day moving average of $114.44 and a two-hundred day moving average of $121.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.74 and a quick ratio of 2.74. The stock has a market cap of $45.28 billion, a price-to-earnings ratio of 285.05, a PEG ratio of 72.05 and a beta of 1.01. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. UBS Group increased their target price on shares of Datadog from $125.00 to $140.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Scotiabank set a $130.00 price target on shares of Datadog and gave the company an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company cut their price target on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Stifel Nicolaus upped their price target on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday. Finally, DA Davidson upped their price target on shares of Datadog from $115.00 to $125.00 and gave the company a "buy" rating in a report on Monday, May 5th. Six analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $143.03.

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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