Oppenheimer & Co. Inc. decreased its position in Datadog, Inc. (NASDAQ:DDOG – Get Rating) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,496 shares of the company’s stock after selling 168 shares during the period. Oppenheimer & Co. Inc.’s holdings in Datadog were worth $918,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the company. Cigna Investments Inc. New lifted its position in shares of Datadog by 4.9% during the third quarter. Cigna Investments Inc. New now owns 2,898 shares of the company’s stock worth $258,000 after acquiring an additional 135 shares in the last quarter. E Fund Management Co. Ltd. lifted its position in shares of Datadog by 6.0% during the third quarter. E Fund Management Co. Ltd. now owns 2,866 shares of the company’s stock worth $254,000 after acquiring an additional 163 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Datadog by 3.1% during the first quarter. Ameritas Investment Partners Inc. now owns 5,791 shares of the company’s stock worth $877,000 after acquiring an additional 172 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Datadog by 2.1% during the fourth quarter. Pacer Advisors Inc. now owns 9,033 shares of the company’s stock worth $664,000 after acquiring an additional 190 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Datadog by 2.2% during the third quarter. M&T Bank Corp now owns 9,325 shares of the company’s stock worth $828,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.
Insiders Place Their Bets
In other Datadog news, General Counsel Kerry Acocella sold 1,349 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $80.47, for a total value of $108,554.03. Following the completion of the sale, the general counsel now directly owns 73,745 shares in the company, valued at $5,934,260.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Datadog news, CEO Olivier Pomel sold 85,637 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The shares were sold at an average price of $65.30, for a total transaction of $5,592,096.10. Following the completion of the transaction, the chief executive officer now owns 268,131 shares of the company’s stock, valued at $17,508,954.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kerry Acocella sold 1,349 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $80.47, for a total transaction of $108,554.03. Following the transaction, the general counsel now directly owns 73,745 shares of the company’s stock, valued at approximately $5,934,260.15. The disclosure for this sale can be found here. Insiders sold 729,662 shares of company stock worth $53,850,300 over the last three months. Company insiders own 15.80% of the company’s stock.
Analysts Set New Price Targets
Datadog Stock Performance
Shares of DDOG opened at $86.65 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.09 and a quick ratio of 3.09. Datadog, Inc. has a one year low of $61.34 and a one year high of $120.75. The company has a 50-day simple moving average of $69.56 and a two-hundred day simple moving average of $73.60. The firm has a market capitalization of $27.72 billion, a PE ratio of -320.93 and a beta of 0.97.
Datadog (NASDAQ:DDOG – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Datadog had a negative net margin of 4.68% and a negative return on equity of 5.06%. The business had revenue of $469.40 million during the quarter, compared to analyst estimates of $447.02 million. On average, analysts anticipate that Datadog, Inc. will post -0.08 EPS for the current fiscal year.
About Datadog
Datadog, Inc provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of its customers technology stack.
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