Federated Hermes Inc. Has $98.89 Million Position in Datadog, Inc. $DDOG

Federated Hermes Inc. boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 50.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 694,470 shares of the company’s stock after buying an additional 231,699 shares during the quarter. Federated Hermes Inc. owned approximately 0.20% of Datadog worth $98,893,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DDOG. Brighton Jones LLC bought a new stake in shares of Datadog in the fourth quarter worth $209,000. Bison Wealth LLC acquired a new stake in Datadog in the 4th quarter valued at $228,000. Empowered Funds LLC lifted its position in 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 buying an additional 672 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in 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 buying an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Datadog during the 2nd quarter worth about $509,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on DDOG. Cantor Fitzgerald upped their target price on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. The Goldman Sachs Group started coverage on Datadog in a research report on Monday, January 12th. They set a “sell” rating and a $113.00 price target on the stock. Robert W. Baird increased their price objective on Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Wall Street Zen cut shares of Datadog from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Evercore ISI boosted their target price on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Thirty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.92.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $96,633,802.44. This trade represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 404,306 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the transaction, the director directly owned 12,859 shares in the company, valued at $2,566,656.40. The trade was a 96.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,071,709 shares of company stock valued at $192,590,597 in the last three months. 8.70% of the stock is currently owned by company insiders.

Datadog Stock Up 1.7%

DDOG opened at $140.56 on Thursday. The stock’s fifty day simple moving average is $140.71 and its 200 day simple moving average is $145.52. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The stock has a market cap of $49.29 billion, a PE ratio of 453.42, a price-to-earnings-growth ratio of 24.66 and a beta of 1.26. 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 (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the company earned $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, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.