Oregon Public Employees Retirement Fund Purchases New Position in Datadog, Inc. $DDOG

Oregon Public Employees Retirement Fund purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, Holdings Channel reports. The fund purchased 36,973 shares of the company’s stock, valued at approximately $5,265,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Datadog during the 4th quarter worth approximately $209,000. Bison Wealth LLC purchased a new stake in Datadog in the 4th quarter worth $228,000. Jacobs Levy Equity Management Inc. acquired a new position in Datadog during the first quarter worth $739,000. Integrated Wealth Concepts LLC lifted its holdings in Datadog by 1.5% during the first quarter. Integrated Wealth Concepts LLC now owns 8,030 shares of the company’s stock valued at $797,000 after purchasing an additional 121 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC lifted its holdings in Datadog by 3.7% during the first quarter. Ashton Thomas Private Wealth LLC now owns 3,782 shares of the company’s stock valued at $375,000 after purchasing an additional 134 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the sale, the chief technology officer owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,091,237 shares of company stock valued at $195,954,762. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DDOG has been the subject of a number of research reports. Arete Research boosted their target price on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Robert W. Baird lifted their price objective on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Guggenheim set a $105.00 target price on Datadog in a report on Thursday, November 6th. Citigroup raised their target price on Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, BNP Paribas Exane boosted their price target on Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. Thirty-three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.87.

Datadog Price Performance

DDOG stock opened at $125.49 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The business has a 50 day simple moving average of $154.67 and a 200-day simple moving average of $146.72. The firm has a market capitalization of $44.01 billion, a PE ratio of 404.81, a price-to-earnings-growth ratio of 23.26 and a beta of 1.26. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.