Datadog, Inc. $DDOG Shares Acquired by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 18.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 345,509 shares of the company’s stock after acquiring an additional 54,747 shares during the period. AustralianSuper Pty Ltd owned 0.10% of Datadog worth $49,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its position in Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares during the last quarter. Nilsine Partners LLC lifted its stake in shares of Datadog by 2.4% in the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after acquiring an additional 78 shares during the period. PDS Planning Inc boosted its holdings in shares of Datadog by 4.2% in the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after acquiring an additional 80 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in shares of Datadog by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after acquiring an additional 82 shares in the last quarter. Finally, STF Management LP increased its stake in shares of Datadog by 2.3% during the second quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after acquiring an additional 104 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price target on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Barclays dropped their price objective on Datadog from $215.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Cantor Fitzgerald raised their price target on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. UBS Group boosted their price objective on shares of Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Arete Research raised their target price 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-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $191.92.

Datadog Stock Performance

DDOG stock opened at $140.56 on Thursday. The firm has a market cap of $49.29 billion, a P/E ratio of 453.42, a P/E/G ratio of 24.66 and a beta of 1.26. The stock’s 50 day simple moving average is $140.71 and its 200 day simple moving average is $145.52. 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.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping 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 company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’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. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $124.89, for a total value of $988,629.24. Following the sale, the director directly owned 340,701 shares in the company, valued at approximately $42,550,147.89. This trade represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Adam Blitzer sold 8,023 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the transaction, the chief operating officer owned 165,197 shares of the company’s stock, valued at $25,541,108.17. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,071,709 shares of company stock worth $192,590,597. 8.70% of the stock is currently owned by insiders.

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.