Advisors Asset Management Inc. Buys 773 Shares of Datadog, Inc. $DDOG

Advisors Asset Management Inc. increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 7.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,210 shares of the company’s stock after acquiring an additional 773 shares during the quarter. Advisors Asset Management Inc.’s holdings in Datadog were worth $1,506,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its position in shares of Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after purchasing an additional 73 shares during the period. Ameritas Investment Partners Inc. raised its stake in Datadog by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after buying an additional 82 shares during the last quarter. Biltmore Wealth Management LLC lifted its holdings in Datadog by 1.5% in 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 period. STF Management LP boosted its position in Datadog by 2.3% during the second quarter. STF Management LP now owns 4,534 shares of the company’s stock valued at $609,000 after acquiring an additional 104 shares during the last quarter. Finally, Main Management ETF Advisors LLC grew its holdings in Datadog by 1.7% during the 2nd quarter. Main Management ETF Advisors LLC now owns 6,597 shares of the company’s stock worth $886,000 after acquiring an additional 108 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Scotiabank upped their target price on Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research report on Friday, November 7th. BMO Capital Markets increased their price target on Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Morgan Stanley raised their price objective on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their price objective on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Bank of America increased their target price on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Thirty-one 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Stock Performance

NASDAQ DDOG opened at $160.28 on Monday. The company has a market cap of $56.20 billion, a P/E ratio of 517.02, a PEG ratio of 36.32 and a beta of 1.23. The company has a fifty day simple moving average of $161.02 and a 200 day simple moving average of $142.25. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69.

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

Insider Buying and Selling

In other news, Director Michael James Callahan sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $187.47, for a total value of $2,343,375.00. Following the transaction, the director owned 12,496 shares in the company, valued at $2,342,625.12. This trade represents a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 43,224 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $158.49, for a total value of $6,850,571.76. Following the sale, the chief technology officer owned 352,437 shares of the company’s stock, valued at $55,857,740.13. This trade represents a 10.92% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,419,003 shares of company stock valued at $243,371,866. 8.70% of the stock is owned by company insiders.

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.