Oppenheimer & Co. Inc. Acquires 178 Shares of Datadog, Inc. (NASDAQ:DDOG)

Oppenheimer & Co. Inc. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,734 shares of the company’s stock after acquiring an additional 178 shares during the period. Oppenheimer & Co. Inc.’s holdings in Datadog were worth $1,962,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DDOG. Los Angeles Capital Management LLC boosted its stake in shares of Datadog by 172.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 38,841 shares of the company’s stock worth $4,469,000 after buying an additional 24,574 shares during the last quarter. Heritage Investors Management Corp purchased a new position in Datadog in the third quarter worth about $1,157,000. ARK Investment Management LLC boosted its position in Datadog by 62.7% in the fourth quarter. ARK Investment Management LLC now owns 127,290 shares of the company’s stock worth $18,188,000 after purchasing an additional 49,050 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Datadog by 15.8% during the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company’s stock valued at $1,558,234,000 after purchasing an additional 1,484,562 shares during the period. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Datadog by 140.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 53,116 shares of the company’s stock valued at $7,590,000 after purchasing an additional 30,998 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity

In related news, CEO Olivier Pomel sold 178,723 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $161.28, for a total value of $28,824,445.44. Following the completion of the sale, the chief executive officer now directly owns 379,693 shares in the company, valued at $61,236,887.04. This trade represents a 32.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $141.21, for a total transaction of $17,948,497.05. Following the transaction, the chief technology officer now directly owns 324,778 shares of the company’s stock, valued at $45,861,901.38. The trade was a 28.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 556,674 shares of company stock valued at $82,904,025 in the last ninety days. Insiders own 11.78% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Cantor Fitzgerald started coverage on shares of Datadog in a report on Friday, January 17th. They issued an “overweight” rating and a $180.00 price objective on the stock. Truist Financial dropped their price target on shares of Datadog from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, February 14th. Monness Crespi & Hardt upgraded Datadog from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Thursday, November 7th. Jefferies Financial Group lifted their target price on Datadog from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Stifel Nicolaus cut Datadog from a “buy” rating to a “hold” rating and reduced their price target for the stock from $165.00 to $140.00 in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

Datadog Stock Down 2.9 %

Datadog stock opened at $113.17 on Tuesday. Datadog, Inc. has a 52-week low of $98.80 and a 52-week high of $170.08. The company has a market cap of $38.45 billion, a price-to-earnings ratio of 221.91, a PEG ratio of 44.03 and a beta of 1.15. The firm’s fifty day moving average is $137.83 and its 200 day moving average is $131.97.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.13 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%. On average, equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.