Farther Finance Advisors LLC Purchases 271 Shares of Datadog, Inc. $DDOG

Farther Finance Advisors LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,323 shares of the company’s stock after purchasing an additional 271 shares during the quarter. Farther Finance Advisors LLC’s holdings in Datadog were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC grew its position in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter worth about $30,000. Opal Wealth Advisors LLC acquired a new position in shares of Datadog during the 1st quarter worth about $37,000. Finally, Center for Financial Planning Inc. grew its position in shares of Datadog by 1,189.7% during the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after buying an additional 345 shares during the period. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares of the company’s stock, valued at $27,909,743.76. This represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the transaction, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,322,175 shares of company stock valued at $173,997,227 in the last quarter. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Stifel Nicolaus boosted their target price on Datadog from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Thursday, June 26th. Barclays set a $170.00 target price on Datadog and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Needham & Company LLC restated a “buy” rating and set a $175.00 target price on shares of Datadog in a research report on Thursday, August 14th. Finally, Canaccord Genuity Group boosted their price objective on Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.41.

Datadog Trading Up 4.5%

NASDAQ:DDOG opened at $145.26 on Tuesday. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. 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 business has a 50 day moving average price of $136.33 and a two-hundred day moving average price of $122.38. The company has a market cap of $50.66 billion, a P/E ratio of 415.04, a price-to-earnings-growth ratio of 54.41 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the prior year, the firm posted $0.43 EPS. 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. As a group, analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.