ABN Amro Investment Solutions Takes Position in Datadog, Inc. $DDOG

ABN Amro Investment Solutions purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 38,443 shares of the company’s stock, valued at approximately $5,164,000.

Several other large investors also recently modified their holdings of the business. Costello Asset Management INC bought a new position in Datadog in the 1st quarter worth $30,000. Interchange Capital Partners LLC bought a new position in shares of Datadog during the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC purchased a new stake in shares of Datadog in the second quarter worth $55,000. True Wealth Design LLC increased its stake in Datadog by 679.1% during the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after purchasing an additional 455 shares in the last quarter. Finally, Roble Belko & Company Inc raised its holdings in Datadog by 205.8% in the second quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after buying an additional 354 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Cantor Fitzgerald raised their price objective on shares of Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Evercore ISI increased their price objective on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Wolfe Research increased their price target on Datadog from $175.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Royal Bank Of Canada boosted their target price on shares of Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Stock Performance

Shares of DDOG opened at $185.97 on Friday. The firm has a market cap of $64.86 billion, a PE ratio of 599.90, a P/E/G ratio of 55.35 and a beta of 1.20. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $154.65 and a 200-day moving average price of $137.31. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the previous year, the firm earned $0.46 EPS. Datadog’s revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $162.58, for a total value of $1,286,983.28. Following the transaction, the director owned 364,449 shares in the company, valued at approximately $59,252,118.42. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael James Callahan sold 12,500 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the completion of the sale, the director owned 12,496 shares in the company, valued at $2,342,625.12. The trade was a 50.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,979,841 shares of company stock valued at $303,130,605 over the last quarter. Company insiders own 8.70% of the company’s stock.

Datadog Company 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.