2 weeks Ago By Defense World Staff
Oppenheimer & Co. Inc. boosted its position in shares of Datadog, Inc.
( NASDAQ:DDOG – Free Report ) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,624 shares of the company’s stock after acquiring an additional 593 shares during the quarter.
Oppenheimer & Co. Inc.’s holdings in Datadog were worth $1,767,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. SouthState Corp purchased a new stake in Datadog during the second quarter valued at $26,000. Riverview Trust Co purchased a new stake in Datadog in the first quarter worth about $26,000.
Raleigh Capital Management Inc. purchased a new stake in Datadog in the fourth quarter worth about $29,000. Jones Financial Companies Lllp purchased a new stake in Datadog in the fourth quarter worth about $33,000.
Finally, Quest Partners LLC purchased a new stake in Datadog in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.
Datadog Stock Performance Shares of Datadog stock opened at $111.93 on Wednesday. The stock has a market cap of $37.
44 billion, a price-to-earnings ratio of 349.78, a price-to-earnings-growth ratio of 27.84 and a beta of 1.
11. The stock has a 50 day moving average price of $115.40 and a 200-day moving average price of $119.
81. Datadog, Inc. has a one year low of $77.
81 and a one year high of $138.61. Wall Street Analysts Forecast Growth A number of brokerages have commented on DDOG.
Evercore ISI began coverage on Datadog in a research report on Monday, July 15th. They issued an “outperform” rating and a $150.00 price target for the company.
Bank of America upgraded Datadog from a “neutral” rating to a “buy” rating and upped their price target for the stock from $143.00 to $155.00 in a research report on Thursday, May 30th.
Scotiabank reduced their price target on Datadog from $145.00 to $135.00 and set a “sector outperform” rating for the company in a research report on Friday, August 9th.
Loop Capital restated a “buy” rating and issued a $160.00 price target on shares of Datadog in a research report on Friday, July 5th. Finally, Monness Crespi & Hardt upgraded Datadog from a “sell” rating to a “neutral” rating in a research report on Wednesday, August 7th.
Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.88.
Check Out Our Latest Report on DDOG Insider Transactions at Datadog In other news, CEO Olivier Pomel sold 85,637 shares of Datadog stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $104.21, for a total value of $8,924,231.
77. Following the completion of the transaction, the chief executive officer now owns 405,314 shares in the company, valued at approximately $42,237,771.94.
The sale was disclosed in a document filed with the SEC, which is available through the SEC website . In related news, CEO Olivier Pomel sold 85,637 shares of the business’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $104.
21, for a total transaction of $8,924,231.77. Following the completion of the transaction, the chief executive officer now owns 405,314 shares in the company, valued at approximately $42,237,771.
94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, Director Matthew Jacobson sold 9,256 shares of the business’s stock in a transaction on Wednesday, September 11th.
The shares were sold at an average price of $108.05, for a total value of $1,000,110.80.
Following the transaction, the director now owns 48,411 shares of the company’s stock, valued at approximately $5,230,808.55. The disclosure for this sale can be found here .
In the last 90 days, insiders sold 561,997 shares of company stock worth $68,517,631. 11.78% of the stock is currently owned by company insiders.
Datadog Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Datadog Why Are Stock Sectors Important to Successful Investing? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Are These Liquid Natural Gas Stocks Ready For An Upside Bounce? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge ETF Screener: Uses and Step-by-Step Guide Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Datadog, Inc. ( NASDAQ:DDOG – Free Report ). Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.
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