Avantax Advisory Services Inc. Has $2.68 Million Stake in Datadog, Inc. $DDOG

Avantax Advisory Services Inc. grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 37.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,935 shares of the company’s stock after buying an additional 5,432 shares during the period. Avantax Advisory Services Inc.’s holdings in Datadog were worth $2,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DDOG. Goldman Sachs Group Inc. raised its position in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after acquiring an additional 6,250,942 shares during the period. Baillie Gifford & Co. grew its holdings in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Kingstone Capital Partners Texas LLC bought a new stake in Datadog in the second quarter valued at approximately $177,050,000. Price T Rowe Associates Inc. MD increased its stake in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after purchasing an additional 1,261,065 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Datadog in the first quarter worth $112,593,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction that occurred on 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 sale, the chief technology officer directly owned 438,885 shares in the company, valued at $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the business’s stock in a transaction 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 sale, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,132,226 shares of company stock valued at $333,155,098 over the last quarter. Insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of Datadog stock opened at $159.57 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a market cap of $55.96 billion, a price-to-earnings ratio of 514.74, a price-to-earnings-growth ratio of 40.02 and a beta of 1.20. The stock’s 50-day moving average is $158.37 and its 200-day moving average is $139.81. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69.

Datadog (NASDAQ:DDOG) last posted 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 during the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the company earned $0.46 earnings per share. Datadog’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. Equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Needham & Company LLC boosted their price target on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Sanford C. Bernstein lifted their target price on Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Robert W. Baird boosted their target price on Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Monness Crespi & Hardt increased their price target on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Macquarie raised their price target on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Thirty-one research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.38.

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.