2,553 Shares in Datadog, Inc. (NASDAQ:DDOG) Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 2,553 shares of the company’s stock, valued at approximately $365,000.

Other large investors have also bought and sold shares of the company. Retirement Wealth Solutions LLC purchased a new position in Datadog in the fourth quarter worth about $30,000. Avior Wealth Management LLC raised its holdings in Datadog by 55.9% in the fourth quarter. Avior Wealth Management LLC now owns 226 shares of the company’s stock worth $32,000 after buying an additional 81 shares during the last quarter. True Wealth Design LLC raised its holdings in Datadog by 12,000.0% in the third quarter. True Wealth Design LLC now owns 242 shares of the company’s stock worth $28,000 after buying an additional 240 shares during the last quarter. Meeder Asset Management Inc. raised its holdings in Datadog by 66.5% in the third quarter. Meeder Asset Management Inc. now owns 288 shares of the company’s stock worth $33,000 after buying an additional 115 shares during the last quarter. Finally, Quarry LP purchased a new position in Datadog in the third quarter worth about $33,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 1.2 %

NASDAQ:DDOG opened at $103.17 on Friday. The company has a fifty day simple moving average of $127.67 and a two-hundred day simple moving average of $130.80. The company has a market cap of $35.36 billion, a price-to-earnings ratio of 202.30, a price-to-earnings-growth ratio of 44.03 and a beta of 1.22. Datadog, Inc. has a 52 week low of $98.30 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last issued its 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 return on equity of 8.28% and a net margin of 6.85%. On average, analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $141.21, for a total value of $17,948,497.05. Following the completion of the sale, the chief technology officer now owns 324,778 shares in the company, valued at $45,861,901.38. This trade represents a 28.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $147.99, for a total transaction of $3,699,750.00. Following the sale, the president now owns 195,667 shares of the company’s stock, valued at approximately $28,956,759.33. The trade was a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 626,412 shares of company stock worth $79,144,334 over the last 90 days. Corporate insiders own 11.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DDOG shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Datadog in a report on Tuesday, March 4th. Rosenblatt Securities boosted their price objective on shares of Datadog from $148.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 12th. Citigroup decreased their price objective on shares of Datadog from $170.00 to $165.00 and set a “buy” rating for the company in a report on Friday, February 14th. Stifel Nicolaus cut shares of Datadog from a “buy” rating to a “hold” rating and decreased their price objective for the company from $165.00 to $140.00 in a report on Wednesday, January 29th. Finally, Loop Capital boosted their price objective on shares of Datadog from $160.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.