Public Employees Retirement System of Ohio Has $15.13 Million Stock Position in Datadog, Inc. (NASDAQ:DDOG)

Public Employees Retirement System of Ohio decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 8.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,388 shares of the company’s stock after selling 10,758 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Datadog were worth $15,127,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Riverview Trust Co acquired a new position in Datadog in the first quarter valued at approximately $26,000. Raleigh Capital Management Inc. bought a new stake in shares of Datadog during the fourth quarter worth about $29,000. Private Trust Co. NA boosted its stake in Datadog by 743.3% during the 4th quarter. Private Trust Co. NA now owns 253 shares of the company’s stock valued at $31,000 after purchasing an additional 223 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in Datadog during the 4th quarter valued at about $33,000. Finally, Quest Partners LLC bought a new stake in shares of Datadog in the 4th quarter worth $36,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 200,993 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $131.01, for a total value of $26,332,092.93. Following the transaction, the chief executive officer now owns 324,539 shares in the company, valued at $42,517,854.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Madre Armelle De sold 300 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $113.37, for a total transaction of $34,011.00. Following the transaction, the insider now owns 100,053 shares in the company, valued at $11,343,008.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Olivier Pomel sold 200,993 shares of Datadog stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $131.01, for a total value of $26,332,092.93. Following the sale, the chief executive officer now directly owns 324,539 shares in the company, valued at $42,517,854.39. The disclosure for this sale can be found here. Insiders have sold a total of 857,606 shares of company stock worth $103,799,779 in the last ninety days. 11.78% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $130.00 to $150.00 in a research report on Tuesday, April 23rd. Loop Capital reissued a “buy” rating and issued a $160.00 price objective on shares of Datadog in a research report on Friday, July 5th. Rosenblatt Securities restated a “buy” rating and issued a $146.00 price objective on shares of Datadog in a research note on Monday, May 6th. Monness Crespi & Hardt reiterated a “sell” rating and set a $98.00 target price (down from $290.00) on shares of Datadog in a research note on Friday, June 14th. Finally, JMP Securities upgraded shares of Datadog to a “hold” rating in a research report on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $138.21.

Datadog Price Performance

NASDAQ DDOG traded down $0.94 on Tuesday, reaching $116.98. 264,455 shares of the company’s stock traded hands, compared to its average volume of 4,011,938. The stock has a market cap of $39.13 billion, a PE ratio of 368.50, a P/E/G ratio of 38.95 and a beta of 1.11. Datadog, Inc. has a 12 month low of $77.81 and a 12 month high of $138.61. The stock has a 50-day simple moving average of $121.17 and a 200 day simple moving average of $123.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last issued its earnings results on Tuesday, May 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.20. Datadog had a net margin of 5.11% and a return on equity of 7.48%. The company had revenue of $611.25 million for the quarter, compared to analysts’ expectations of $589.97 million. As a group, research analysts predict that Datadog, Inc. will post 0.32 earnings per share for the current 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.