Atlantic Union Bankshares Corp Buys New Position in Datadog, Inc. $DDOG

Atlantic Union Bankshares Corp purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,316 shares of the company’s stock, valued at approximately $3,266,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new position in Datadog during the 4th quarter worth $209,000. Bison Wealth LLC purchased a new stake in shares of Datadog in the fourth quarter valued at about $228,000. OneDigital Investment Advisors LLC lifted its position in shares of Datadog by 31.7% during the first quarter. OneDigital Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $331,000 after purchasing an additional 803 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock worth $78,112,000 after purchasing an additional 156,152 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its holdings in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Datadog stock opened at $191.24 on Friday. The firm has a market capitalization of $66.69 billion, a P/E ratio of 616.90, a PEG ratio of 74.66 and a beta of 1.20. Datadog, Inc. has a one year low of $81.63 and a one year high of $194.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The business has a fifty day moving average price of $149.87 and a 200-day moving average price of $134.62.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Datadog news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the sale, the director directly owned 12,496 shares in the company, valued at $1,969,369.60. This represents a 88.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the business’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at $88,014,737.16. This trade represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,510,236 shares of company stock valued at $207,339,763 in the last three months. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DDOG. Cibc Captl Mkts upgraded Datadog to a “hold” rating in a research note on Monday, November 3rd. DA Davidson lifted their price target on Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Capital One Financial upped their price objective on Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. BTIG Research raised their target price on Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Canaccord Genuity Group lifted their target price on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday. Twenty-nine investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.94.

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.