D.A. Davidson & CO. Takes Position in Datadog, Inc. $DDOG

D.A. Davidson & CO. purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,682 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors have also recently made changes to their positions in DDOG. V Square Quantitative Management LLC raised its position in shares of Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares during the last quarter. Biltmore Wealth Management LLC raised its position in shares of Datadog by 1.5% during the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after buying an additional 86 shares during the last quarter. Emerald Advisers LLC raised its position in shares of Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company’s stock valued at $923,000 after buying an additional 97 shares during the last quarter. YANKCOM Partnership raised its position in shares of Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company’s stock valued at $92,000 after buying an additional 99 shares during the last quarter. Finally, Covestor Ltd raised its position in shares of Datadog by 8.9% during the first quarter. Covestor Ltd now owns 1,388 shares of the company’s stock valued at $138,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 55,352 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the transaction, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,491,232 shares of company stock valued at $202,944,249 in the last three months. 8.70% of the stock is currently owned by insiders.

Datadog Stock Up 3.7%

Shares of DDOG opened at $162.81 on Friday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The firm has a fifty day moving average price of $146.02 and a 200-day moving average price of $131.83. The firm has a market capitalization of $56.78 billion, a P/E ratio of 465.18, a P/E/G ratio of 61.45 and a beta of 1.21. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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 net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period in the prior year, the firm earned $0.43 earnings per share. The firm’s revenue for the quarter was up 28.1% compared to the same quarter last year. 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 expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DDOG shares. Guggenheim reiterated a “sell” rating and set a $105.00 price objective on shares of Datadog in a research report on Tuesday, July 8th. BTIG Research boosted their price target on shares of Datadog from $169.00 to $184.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Datadog in a research report on Friday, October 17th. TD Cowen boosted their price objective on shares of Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Wells Fargo & Company assumed coverage on shares of Datadog in a research report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective on the stock. Twenty-six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $165.13.

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.