Ossiam Has $16.06 Million Stock Holdings in Datadog, Inc. (NASDAQ:DDOG)

Ossiam boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,412 shares of the company's stock after purchasing an additional 7,237 shares during the quarter. Ossiam's holdings in Datadog were worth $16,063,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Retirement Wealth Solutions LLC acquired a new position in shares of Datadog during the fourth quarter valued at $30,000. Avior Wealth Management LLC boosted its stake in Datadog by 55.9% during the 4th quarter. Avior Wealth Management LLC now owns 226 shares of the company's stock valued at $32,000 after purchasing an additional 81 shares during the period. Kieckhefer Group LLC bought a new position in Datadog in the 4th quarter worth about $43,000. Summit Securities Group LLC acquired a new stake in shares of Datadog in the fourth quarter valued at approximately $43,000. Finally, Friedenthal Financial bought a new stake in shares of Datadog during the fourth quarter valued at approximately $54,000. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on DDOG shares. Barclays lowered their target price on Datadog from $180.00 to $125.00 and set an "overweight" rating on the stock in a research report on Monday. Royal Bank of Canada raised their price target on Datadog from $151.00 to $170.00 and gave the company an "outperform" rating in a report on Friday, January 3rd. Rosenblatt Securities upped their price objective on shares of Datadog from $148.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday, February 12th. Cantor Fitzgerald initiated coverage on shares of Datadog in a research note on Friday, January 17th. They set an "overweight" rating and a $180.00 target price on the stock. Finally, DA Davidson reduced their price target on shares of Datadog from $165.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Seven research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $150.33.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction on Monday, January 27th. The shares were sold at an average price of $139.86, for a total value of $1,565,732.70. Following the completion of the sale, the chief executive officer now owns 379,693 shares of the company's stock, valued at approximately $53,103,862.98. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $142.78, for a total value of $18,148,051.90. Following the completion of the transaction, the chief technology officer now directly owns 324,778 shares in the company, valued at $46,371,802.84. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 523,756 shares of company stock valued at $58,732,500. 11.78% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG stock traded up $3.57 on Wednesday, reaching $94.99. 3,931,463 shares of the company's stock traded hands, compared to its average volume of 4,346,156. The business's 50 day moving average price is $104.68 and its two-hundred day moving average price is $127.86. The company has a market capitalization of $32.56 billion, a P/E ratio of 186.26, a price-to-earnings-growth ratio of 44.03 and a beta of 1.20. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.31). Datadog had a net margin of 6.85% and a return on equity of 8.28%. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

About Datadog

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.