Parallel Advisors LLC Has $777,000 Holdings in Datadog, Inc. $DDOG

Parallel Advisors LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,787 shares of the company’s stock after acquiring an additional 518 shares during the period. Parallel Advisors LLC’s holdings in Datadog were worth $777,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after buying an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC raised its position in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new stake in Datadog in the first quarter valued at about $30,000. Putney Financial Group LLC acquired a new stake in shares of Datadog in the 4th quarter valued at approximately $32,000. Finally, Elequin Capital LP bought a new stake in shares of Datadog during the fourth quarter worth $34,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

NASDAQ DDOG opened at $136.81 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a 50-day moving average price of $136.67 and a 200-day moving average price of $120.59. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $47.71 billion, a P/E ratio of 390.90, a PEG ratio of 53.14 and a beta of 1.10.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Equities research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $135.74, for a total transaction of $4,468,968.02. Following the completion of the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at $72,398,014.92. This represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.78, for a total transaction of $1,090,666.48. Following the transaction, the director owned 372,365 shares in the company, valued at approximately $51,304,449.70. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,439,680 shares of company stock valued at $189,428,113. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on DDOG. Wolfe Research raised Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 target price on the stock in a report on Thursday, June 12th. Guggenheim reissued a “sell” rating and set a $105.00 price objective on shares of Datadog in a research report on Tuesday, July 8th. Wedbush restated an “outperform” rating and set a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. DA Davidson set a $160.00 target price on Datadog and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Citigroup upped their price objective on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.10.

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.