Los Angeles Capital Management LLC Buys 21,080 Shares of Datadog, Inc. $DDOG

Los Angeles Capital Management LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 914.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,386 shares of the company’s stock after acquiring an additional 21,080 shares during the period. Los Angeles Capital Management LLC’s holdings in Datadog were worth $3,141,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its holdings in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the period. Baillie Gifford & Co. grew its holdings in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Datadog in the second quarter worth $177,050,000. Price T Rowe Associates Inc. MD raised its stake in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares during the period. Finally, Alyeska Investment Group L.P. purchased a new position in shares of Datadog during the 1st quarter valued at $112,593,000. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $199.72 on Tuesday. The company has a 50 day moving average of $151.13 and a 200 day moving average of $135.91. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $69.65 billion, a P/E ratio of 644.26, a P/E/G ratio of 54.29 and a beta of 1.20. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.46.

Datadog (NASDAQ:DDOG) last announced 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. The firm had revenue of $885.65 million during 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 business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the business’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,489,813 shares of company stock valued at $205,390,637 over the last 90 days. Insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DDOG shares. Needham & Company LLC boosted their price objective on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. BNP Paribas Exane boosted their price target on shares of Datadog from $160.00 to $210.00 in a research report on Friday. Capital One Financial upped their price target on shares of Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. DA Davidson lifted their price objective on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Friday. Finally, Sanford C. Bernstein boosted their target price on shares of Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Thirty research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $203.42.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.