Allstate Corp Purchases Shares of 10,715 Datadog, Inc. $DDOG

Allstate Corp acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,715 shares of the company’s stock, valued at approximately $1,526,000.

A number of other hedge funds have also modified their holdings of the stock. Brighton Jones LLC purchased a new stake in Datadog during the fourth quarter valued at about $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog during the fourth quarter valued at approximately $228,000. Empowered Funds LLC lifted its position in shares of Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after acquiring an additional 672 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after acquiring an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in Datadog in the 2nd quarter worth approximately $509,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Citigroup dropped their price target on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. TD Cowen increased their price objective on Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Cowen restated a “buy” rating on shares of Datadog in a research report on Thursday, November 6th. Finally, Raymond James Financial increased their price target on shares of Datadog from $170.00 to $205.00 in a research report on Thursday, November 6th. Thirty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $195.84.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction dated 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 represents a 15.89% 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, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the transaction, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This represents a 96.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,071,709 shares of company stock valued at $192,590,597 in the last quarter. Insiders own 8.70% of the company’s stock.

Datadog Stock Down 1.7%

Shares of Datadog stock opened at $117.00 on Wednesday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The stock has a market capitalization of $41.03 billion, a P/E ratio of 377.42, a PEG ratio of 21.50 and a beta of 1.26. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $146.60 and a two-hundred day moving average price of $145.95.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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. The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’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 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. Equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.