CW Advisors LLC Sells 13,124 Shares of Datadog, Inc. $DDOG

CW Advisors LLC lessened its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 17.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,481 shares of the company’s stock after selling 13,124 shares during the quarter. CW Advisors LLC’s holdings in Datadog were worth $8,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Datadog by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after buying an additional 740,457 shares during the period. Goldman Sachs Group Inc. boosted its stake in Datadog by 259.7% in the first 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 last quarter. Price T Rowe Associates Inc. MD boosted 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 acquiring an additional 1,261,065 shares during the last quarter. Geode Capital Management LLC grew its holdings in Datadog by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after acquiring an additional 242,273 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Datadog by 48.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,836,118 shares of the company’s stock valued at $281,371,000 after acquiring an additional 923,905 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of DDOG opened at $153.00 on Friday. The firm has a market cap of $53.65 billion, a P/E ratio of 493.55, a PEG ratio of 35.37 and a beta of 1.23. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The firm’s 50 day moving average price is $162.51 and its two-hundred day moving average price is $142.97.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business 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 firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period last year, the business posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DDOG. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Stifel Nicolaus set a $205.00 target price on Datadog in a research note on Thursday, November 6th. Morgan Stanley boosted their target price on Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Macquarie increased their price target on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Finally, Capital One Financial boosted their price objective on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Thirty-one research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $207.38.

Insider Transactions at Datadog

In related news, COO Adam Blitzer sold 8,023 shares of Datadog stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total value of $1,240,436.03. Following the sale, the chief operating officer owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. This trade represents a 4.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yanbing Li sold 6,715 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the transaction, the insider directly owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. This trade represents a 3.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,391,590 shares of company stock worth $242,356,896. 8.70% of the stock is currently owned by company insiders.

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.