Aspiriant LLC Invests $570,000 in Datadog, Inc. $DDOG

Aspiriant LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,002 shares of the company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of 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 valued at $4,319,178,000 after purchasing an additional 740,457 shares in the last quarter. Brown Advisory Inc. grew its position in Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after buying an additional 1,130,675 shares in the last quarter. Geode Capital Management LLC increased its stake in Datadog by 4.3% in 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 last quarter. Norges Bank bought a new position in Datadog in the 2nd quarter worth about $347,728,000. Finally, Dragoneer Investment Group LLC raised its holdings in shares of Datadog by 729.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock valued at $302,855,000 after acquiring an additional 1,982,763 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 0.9%

Shares of Datadog stock opened at $126.57 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The company’s 50 day moving average price is $153.96 and its 200-day moving average price is $146.81. The stock has a market capitalization of $44.38 billion, a price-to-earnings ratio of 408.29, a P/E/G ratio of 23.26 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The business 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 firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several research analyst reports. Robert W. Baird upped their price objective on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Royal Bank Of Canada lowered their price objective on shares of Datadog from $216.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. BNP Paribas Exane upped their target price on shares of Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. Wells Fargo & Company increased their target price on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, BTIG Research lifted their price target on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirty-two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $198.82.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer directly owned 395,661 shares in the company, valued at $78,336,921.39. The trade was a 11.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,074,988 shares of company stock valued at $193,329,916 in the last 90 days. Insiders own 8.70% of the company’s stock.

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.