Citizens Financial Group Inc. RI Acquires New Stake in Datadog, Inc. $DDOG

Citizens Financial Group Inc. RI acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,222 shares of the company’s stock, valued at approximately $2,310,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Datadog during the fourth quarter worth about $209,000. Bison Wealth LLC purchased a new position in Datadog in the 4th quarter worth approximately $228,000. Empowered Funds LLC boosted its holdings in shares of Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after purchasing an additional 672 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after purchasing an additional 115 shares during the last quarter. Finally, Inspire Investing LLC grew its position in shares of Datadog by 70.4% in the first quarter. Inspire Investing LLC now owns 3,078 shares of the company’s stock valued at $305,000 after purchasing an additional 1,272 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 0.8%

NASDAQ DDOG opened at $125.50 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market capitalization of $44.01 billion, a P/E ratio of 404.84, a PEG ratio of 23.46 and a beta of 1.26. The firm’s 50-day moving average is $153.32 and its two-hundred day moving average is $146.76. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 business had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue was up 28.4% on a year-over-year basis. 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, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research firms have weighed in on DDOG. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. TD Cowen lifted their price target on Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. BNP Paribas Exane boosted their price target on shares of Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. Jefferies Financial Group cut their price objective on shares of Datadog from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Finally, The Goldman Sachs Group began coverage on shares of Datadog in a research note on Monday. They set a “sell” rating and a $113.00 target price on the stock. Thirty-two equities 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $198.82.

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.