Datadog, Inc. $DDOG Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its stake in Datadog, Inc. (NASDAQ:DDOG) by 13.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 99,329 shares of the company’s stock after selling 15,978 shares during the quarter. Cerity Partners LLC’s holdings in Datadog were worth $14,144,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of DDOG. Louisiana State Employees Retirement System boosted its holdings in Datadog by 73.5% in the 3rd quarter. Louisiana State Employees Retirement System now owns 40,600 shares of the company’s stock worth $5,781,000 after acquiring an additional 17,200 shares during the period. Gladstone Institutional Advisory LLC lifted its position in shares of Datadog by 12.3% during the third quarter. Gladstone Institutional Advisory LLC now owns 7,710 shares of the company’s stock worth $1,098,000 after purchasing an additional 842 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Datadog by 8.4% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 7,248 shares of the company’s stock worth $1,032,000 after purchasing an additional 560 shares in the last quarter. Biltmore Wealth Management LLC boosted its stake in shares of Datadog by 5.9% in the third quarter. Biltmore Wealth Management LLC now owns 6,066 shares of the company’s stock valued at $864,000 after purchasing an additional 340 shares during the period. Finally, D.A. Davidson & CO. grew its holdings in Datadog by 66.5% during the 3rd quarter. D.A. Davidson & CO. now owns 2,801 shares of the company’s stock valued at $399,000 after purchasing an additional 1,119 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Moffett Nathanson reiterated a “buy” rating on shares of Datadog in a report on Monday, December 29th. Robert W. Baird lifted their target price on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. CIBC upgraded Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a research note on Friday, November 7th. Capital One Financial increased their price target on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, Cowen restated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Thirty-three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $203.87.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 43,106 shares of Datadog stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $133.93, for a total value of $5,773,186.58. Following the completion of the transaction, the chief technology officer directly owned 301,458 shares of the company’s stock, valued at approximately $40,374,269.94. The trade was a 12.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 12,513 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the sale, the chief financial officer directly owned 374,138 shares of the company’s stock, valued at approximately $59,338,286.80. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,091,237 shares of company stock valued at $195,954,762 in the last ninety days. 8.70% of the stock is owned by insiders.

Datadog Trading Down 4.0%

NASDAQ:DDOG opened at $125.49 on Friday. The company has a market cap of $44.01 billion, a PE ratio of 404.81, a P/E/G ratio of 23.26 and a beta of 1.26. The business’s 50 day moving average is $154.67 and its two-hundred day moving average is $146.72. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $852.77 million. During the same period in the prior year, the company posted $0.46 EPS. The business’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. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.