OneAscent Financial Services LLC Has $435,000 Stock Position in Datadog, Inc. (NASDAQ:DDOG)

OneAscent Financial Services LLC lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 63.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,517 shares of the company’s stock after purchasing an additional 1,361 shares during the period. OneAscent Financial Services LLC’s holdings in Datadog were worth $435,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Capital Insight Partners LLC grew its position in shares of Datadog by 42.0% in the 1st quarter. Capital Insight Partners LLC now owns 4,514 shares of the company’s stock valued at $558,000 after buying an additional 1,336 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in Datadog during the 1st quarter valued at approximately $20,265,000. Wealth Enhancement Advisory Services LLC raised its holdings in Datadog by 9.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,807 shares of the company’s stock worth $1,212,000 after purchasing an additional 831 shares during the last quarter. TrueMark Investments LLC lifted its position in shares of Datadog by 13.5% in the 1st quarter. TrueMark Investments LLC now owns 16,026 shares of the company’s stock worth $1,981,000 after purchasing an additional 1,911 shares during the period. Finally, Factory Mutual Insurance Co. boosted its stake in shares of Datadog by 4.4% in the 1st quarter. Factory Mutual Insurance Co. now owns 71,385 shares of the company’s stock valued at $8,823,000 after purchasing an additional 3,001 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 98,690 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $109.16, for a total value of $10,773,000.40. Following the sale, the chief executive officer now directly owns 324,539 shares of the company’s stock, valued at $35,426,677.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Datadog news, insider Madre Armelle De sold 1,749 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $109.44, for a total value of $191,410.56. Following the completion of the transaction, the insider now owns 93,774 shares of the company’s stock, valued at approximately $10,262,626.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 98,690 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $109.16, for a total transaction of $10,773,000.40. Following the completion of the transaction, the chief executive officer now owns 324,539 shares of the company’s stock, valued at $35,426,677.24. The disclosure for this sale can be found here. Insiders sold a total of 702,037 shares of company stock worth $82,731,018 in the last quarter. 11.78% of the stock is owned by company insiders.

Datadog Stock Performance

Shares of DDOG stock traded up $1.24 during trading on Friday, reaching $129.69. 7,170,825 shares of the company’s stock traded hands, compared to its average volume of 4,076,993. The firm’s 50-day moving average is $119.81 and its 200 day moving average is $123.11. The company has a market capitalization of $43.38 billion, a P/E ratio of 405.28, a PEG ratio of 42.29 and a beta of 1.09. Datadog, Inc. has a 1 year low of $77.81 and a 1 year high of $138.61. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.34.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DDOG shares. Barclays dropped their price objective on Datadog from $152.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 8th. Cantor Fitzgerald restated an “overweight” rating and set a $150.00 price target on shares of Datadog in a report on Wednesday, April 17th. Robert W. Baird upgraded shares of Datadog from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a research note on Wednesday, May 8th. JMP Securities raised shares of Datadog to a “hold” rating in a research note on Wednesday, May 8th. Finally, Wells Fargo & Company raised shares of Datadog from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $130.00 to $150.00 in a research note on Tuesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.04.

Datadog Profile

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.