3,184 Shares in Datadog, Inc. $DDOG Acquired by Ellevest Inc.

Ellevest Inc. bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the 2nd quarter, Holdings Channel reports. The institutional investor bought 3,184 shares of the company’s stock, valued at approximately $428,000.

Other hedge funds also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in Datadog by 887.0% during the first 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 during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of Datadog in the first quarter worth approximately $30,000. Interchange Capital Partners LLC purchased a new position in shares of Datadog in the second quarter worth approximately $42,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Datadog in the second quarter worth approximately $55,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research reports. Morgan Stanley raised their price objective on shares of Datadog from $115.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Cantor Fitzgerald upped their price objective on Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Capital One Financial upped their price objective on Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. UBS Group upped their price objective on Datadog from $165.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, CIBC began coverage on Datadog in a research report on Monday. They set a “neutral” rating and a $170.00 price objective on the stock. Twenty-six equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.10.

Insider Buying and Selling at Datadog

In other Datadog news, Director Michael James Callahan sold 8,333 shares of the stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at $2,006,232.80. This trade represents a 40.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 62,682 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $87,417,376.20. This trade represents a 10.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,512,446 shares of company stock worth $207,641,627. Insiders own 8.70% of the company’s stock.

Datadog Price Performance

Shares of Datadog stock opened at $154.98 on Thursday. The stock’s 50-day simple moving average is $147.78 and its 200-day simple moving average is $133.51. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a market capitalization of $54.05 billion, a price-to-earnings ratio of 442.81, a PEG ratio of 61.63 and a beta of 1.20. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. As a group, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal 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.