Calamos Advisors LLC Has $22.13 Million Position in Datadog, Inc. $DDOG

Calamos Advisors LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 37.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,415 shares of the company’s stock after purchasing an additional 42,542 shares during the quarter. Calamos Advisors LLC’s holdings in Datadog were worth $22,131,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. Forefront Wealth Partners LLC lifted its holdings in shares of Datadog by 31.1% during the third quarter. Forefront Wealth Partners LLC now owns 2,026 shares of the company’s stock worth $289,000 after buying an additional 481 shares in the last quarter. waypoint wealth counsel bought a new position in Datadog during the third quarter worth about $206,000. Tripletail Wealth Management LLC acquired a new stake in Datadog in the 3rd quarter worth about $28,000. Ethic Inc. boosted its holdings in Datadog by 22.9% in the 3rd quarter. Ethic Inc. now owns 28,027 shares of the company’s stock valued at $3,991,000 after purchasing an additional 5,218 shares during the period. Finally, Institute for Wealth Management LLC. grew its position in shares of Datadog by 6.7% during the 3rd quarter. Institute for Wealth Management LLC. now owns 4,327 shares of the company’s stock worth $616,000 after purchasing an additional 272 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $137.93, for a total value of $1,544,126.35. Following the completion of the transaction, the chief executive officer directly owned 518,133 shares in the company, valued at approximately $71,466,084.69. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 12,513 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,984,561.80. Following the sale, the chief financial officer directly owned 374,138 shares in the company, valued at approximately $59,338,286.80. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,229,862 shares of company stock valued at $220,022,543. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. CIBC upgraded Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target for the company in a research note on Friday, November 7th. UBS Group increased their target price on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Oppenheimer raised their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Barclays upped their price objective on shares of Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Moffett Nathanson reissued a “buy” rating on shares of Datadog in a report on Monday. Thirty-two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.78.

Datadog Stock Performance

NASDAQ:DDOG opened at $137.48 on Wednesday. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $158.35 and its 200 day simple moving average is $146.49. The firm has a market capitalization of $48.21 billion, a PE ratio of 443.48, a price-to-earnings-growth ratio of 30.13 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. 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 anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.