State of Alaska Department of Revenue Increases Stock Position in Datadog, Inc. $DDOG

State of Alaska Department of Revenue increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 379.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,658 shares of the company’s stock after purchasing an additional 27,422 shares during the period. State of Alaska Department of Revenue’s holdings in Datadog were worth $4,935,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tripletail Wealth Management LLC bought a new stake in Datadog in the 3rd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Datadog during the 3rd quarter valued at $40,000. Interchange Capital Partners LLC purchased a new position in shares of Datadog in the 2nd quarter worth $42,000. SJS Investment Consulting Inc. boosted its stake in shares of Datadog by 3,181.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 361 shares of the company’s stock worth $51,000 after buying an additional 350 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Datadog in the second quarter worth $55,000. Institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yanbing Li sold 6,715 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider owned 199,394 shares of the company’s stock, valued at $31,623,888.40. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 43,106 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $133.93, for a total value of $5,773,186.58. Following the sale, the chief technology officer owned 301,458 shares of the company’s stock, valued at $40,374,269.94. This represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,083,321 shares of company stock worth $194,667,779 in the last three months. 8.70% of the stock is owned by company insiders.

Datadog Price Performance

NASDAQ DDOG opened at $125.49 on Monday. 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. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 404.81, a PEG ratio of 23.26 and a beta of 1.26. The company’s 50 day moving average is $154.67 and its two-hundred day moving average is $146.84.

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

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of recent research reports. Cantor Fitzgerald increased their target price on Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Guggenheim set a $105.00 price objective on shares of Datadog in a research note on Thursday, November 6th. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Needham & Company LLC upped their target price on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Arete Research increased their price target on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Thirty-three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $200.92.

Datadog Company 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.