Datadog, Inc. $DDOG Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 20.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,800 shares of the company’s stock after acquiring an additional 30,720 shares during the quarter. CIBC Asset Management Inc owned 0.05% of Datadog worth $25,461,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DDOG. Tripletail Wealth Management LLC acquired a new position in Datadog in the third quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in Datadog during the third quarter valued at approximately $40,000. Interchange Capital Partners LLC purchased a new position in shares of Datadog during the 2nd quarter valued at $42,000. Game Plan Financial Advisors LLC acquired a new position in Datadog in the 3rd quarter worth about $43,000. Finally, Cromwell Holdings LLC raised its position in Datadog by 536.5% during the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 0.9%

Datadog stock opened at $130.13 on Monday. 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, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The company’s 50 day simple moving average is $143.06 and its 200 day simple moving average is $145.56. The firm has a market capitalization of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.21 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last posted its earnings results 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. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the previous 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, sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction that occurred on 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 sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were 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 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 1,071,709 shares of company stock valued at $192,590,597 over the last three months. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of several analyst reports. Wolfe Research lowered their price target on Datadog from $240.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Arete Research upped their target price on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. DA Davidson raised their price target on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. CIBC raised shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 target price on the stock in a report on Friday, November 7th. Finally, Oppenheimer lifted their price objective on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Thirty-four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

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.