Datadog, Inc. $DDOG Stake Lowered by Calamos Wealth Management LLC

Calamos Wealth Management LLC cut its stake in Datadog, Inc. (NASDAQ:DDOG) by 69.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,699 shares of the company’s stock after selling 90,691 shares during the quarter. Calamos Wealth Management LLC’s holdings in Datadog were worth $5,653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC increased its position in 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 last quarter. Nilsine Partners LLC grew its stake in shares of Datadog by 2.4% in the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after buying an additional 78 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Datadog by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after buying an additional 82 shares in the last quarter. Biltmore Wealth Management LLC increased 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 worth $769,000 after buying an additional 86 shares during the last quarter. Finally, STF Management LP raised 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 in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 0.3%

DDOG stock opened at $137.48 on Wednesday. The stock has a market capitalization of $48.21 billion, a price-to-earnings ratio of 443.48, a price-to-earnings-growth ratio of 30.13 and a beta of 1.23. The company has a 50-day moving average of $158.35 and a two-hundred day moving average of $146.49. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data 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 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 analysts’ expectations of $852.77 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The firm’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 and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the sale, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares in the company, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,229,862 shares of company stock valued at $220,022,543 in the last three months. 8.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DDOG. Sanford C. Bernstein boosted their target price on shares of Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Needham & Company LLC upped their price objective on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group cut their target price on Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Oppenheimer boosted 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. Finally, Cowen reissued a “buy” rating on shares of Datadog in a report on Thursday, November 6th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus target price of $207.78.

Datadog Profile

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.