Datadog, Inc. $DDOG Position Lifted by Fiera Capital Corp

Fiera Capital Corp grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 44.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,933 shares of the company’s stock after acquiring an additional 37,887 shares during the period. Fiera Capital Corp’s holdings in Datadog were worth $16,648,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DDOG. Costello Asset Management INC acquired a new position in Datadog in the first quarter worth about $30,000. Interchange Capital Partners LLC acquired a new stake in Datadog during the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC bought a new position in Datadog during the 2nd quarter worth approximately $55,000. True Wealth Design LLC grew its position in shares of Datadog by 679.1% in the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $70,000 after acquiring an additional 455 shares in the last quarter. Finally, Roble Belko & Company Inc grew its position in shares of Datadog by 205.8% in the 2nd quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after acquiring an additional 354 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DDOG. Raymond James Financial upped their price target on Datadog from $170.00 to $205.00 in a research report on Thursday, November 6th. Wells Fargo & Company boosted their target price on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. UBS Group raised their price target on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Scotiabank lifted their price target on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group increased their price objective on shares of Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.38.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the transaction, the director directly owned 219,831 shares in the company, valued at $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. Over the last 90 days, insiders sold 1,979,841 shares of company stock valued at $303,130,605. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Down 2.6%

DDOG stock opened at $185.97 on Friday. The stock has a market cap of $64.86 billion, a PE ratio of 599.90, a price-to-earnings-growth ratio of 55.35 and a beta of 1.20. The firm’s 50-day simple moving average is $154.65 and its 200 day simple moving average is $137.31. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping 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 firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the firm earned $0.46 EPS. Datadog’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. Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Datadog 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.