Datadog, Inc. $DDOG Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC raised its position in Datadog, Inc. (NASDAQ:DDOG) by 131.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,391 shares of the company’s stock after acquiring an additional 5,909 shares during the period. Belpointe Asset Management LLC’s holdings in Datadog were worth $1,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tripletail Wealth Management LLC purchased a new position in Datadog during the third quarter worth about $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in Datadog during the 3rd quarter worth approximately $40,000. Game Plan Financial Advisors LLC purchased a new position in shares of Datadog during the 3rd quarter worth approximately $43,000. Interchange Capital Partners LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at approximately $42,000. Finally, Cromwell Holdings LLC boosted its stake in shares of Datadog by 536.5% in the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock valued at $47,000 after buying an additional 279 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $140.56 on Thursday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $49.29 billion, a P/E ratio of 453.42, a price-to-earnings-growth ratio of 24.66 and a beta of 1.26. The firm has a 50-day moving average price of $140.71 and a two-hundred day moving average price of $145.52. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $852.77 million. During the same period in the prior year, the business earned $0.46 earnings per share. The company’s quarterly 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. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. Scotiabank cut their price objective on Datadog from $217.00 to $180.00 and set a “sector outperform” rating for the company in a research report on Tuesday. Wall Street Zen cut shares of Datadog from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Wolfe Research reduced their price objective on shares of Datadog from $240.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. TD Cowen reissued a “buy” rating on shares of Datadog in a report on Wednesday, January 21st. Finally, Bank of America increased their target price on shares of Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 7th. Thirty-five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.92.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 404,306 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the sale, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This trade represents a 96.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated 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 of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,071,709 shares of company stock valued at $192,590,597 over the last three months. 8.70% of the stock is currently owned by insiders.

About Datadog

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.