Swiss National Bank grew its stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 7.8% during the 1st quarter, Holdings Channel reports. The fund owned 907,300 shares of the company’s stock after acquiring an additional 65,800 shares during the period. Swiss National Bank’s holdings in Datadog were worth $107,107,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. JPL Wealth Management LLC acquired a new position in Datadog in the 3rd quarter valued at about $27,000. CoreCap Advisors LLC lifted its holdings in Datadog by 1,461.5% in the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of Datadog during the 4th quarter worth about $31,000. NBC Securities Inc. boosted its stake in shares of Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in shares of Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.
Datadog Price Performance
Shares of Datadog stock opened at $263.20 on Tuesday. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70. The stock has a market capitalization of $93.69 billion, a P/E ratio of 692.65, a PEG ratio of 26.30 and a beta of 1.54. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average price is $237.89 and its 200 day moving average price is $165.62.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on DDOG shares. Truist Financial raised shares of Datadog from a “hold” rating to a “buy” rating and boosted their price objective for the company from $190.00 to $300.00 in a research report on Monday, June 15th. Zacks Research upgraded shares of Datadog from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. UBS Group lifted their target price on shares of Datadog from $220.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday. Benchmark boosted their price target on Datadog from $260.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. Finally, DA Davidson set a $250.00 price target on Datadog in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $256.80.
Get Our Latest Research Report on Datadog
Datadog News Summary
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: JMP Securities raised its price target to $311 from $225 and kept an Outperform-style rating, saying infrastructure software looks stronger than applications and that Datadog has been a standout performer in its coverage. Why Datadog (DDOG) Stock Is Trading Up Today
- Positive Sentiment: Wells Fargo increased its target to $295 from $230 and reiterated an Overweight rating, suggesting more upside from current levels. Datadog Price Target Raised by Wells Fargo
- Positive Sentiment: Oppenheimer lifted its target to $300 from $220 and maintained an Outperform rating, adding to the wave of upbeat analyst calls. Datadog Price Target Raised by Oppenheimer
- Positive Sentiment: Another report said Citizens JMP raised Datadog’s target to $311 from $225, implying further confidence in the stock’s run after its strong year-to-date performance. Datadog Price Target Raised by Citizens JMP
- Neutral Sentiment: One comparison piece argued that Penguin is the better AI infrastructure buy than Datadog because of faster growth, AI momentum, and a lower valuation, which may temper enthusiasm but does not appear to be a direct catalyst. PENG vs. DDOG: Which AI Infrastructure Stock Is the Better Buy Now?
Insider Buying and Selling at Datadog
In related news, General Counsel Kerry Acocella sold 5,371 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the completion of the sale, the general counsel owned 127,866 shares of the company’s stock, valued at approximately $29,909,136.06. This represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $257.24, for a total transaction of $13,868,322.88. Following the sale, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at approximately $131,142,238.20. This trade represents a 9.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,439,533 shares of company stock worth $323,367,430. Company insiders own 6.48% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Datadog
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
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.com's FREE daily email newsletter.
