Datadog, Inc. $DDOG Shares Bought by Oberndorf William E

Oberndorf William E lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 83,094 shares of the company’s stock after purchasing an additional 10,620 shares during the quarter. Datadog comprises 12.3% of Oberndorf William E’s holdings, making the stock its 4th largest position. Oberndorf William E’s holdings in Datadog were worth $11,162,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after purchasing an additional 22,646 shares during the last quarter. Costello Asset Management INC acquired a new stake in Datadog during the first quarter worth about $30,000. Interchange Capital Partners LLC purchased a new position in Datadog during the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC acquired a new position in Datadog in the second quarter valued at approximately $55,000. Finally, True Wealth Design LLC boosted its position in 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 purchasing an additional 455 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DDOG shares. Canaccord Genuity Group lifted their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 3rd. CIBC upgraded Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target for the company in a research note on Friday, November 7th. Robert W. Baird increased their price target on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Guggenheim set a $105.00 target price on Datadog in a research note on Thursday, November 6th. Finally, Macquarie lifted their price target on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Datadog Price Performance

Datadog stock opened at $180.26 on Tuesday. The company has a fifty day simple moving average of $156.50 and a 200-day simple moving average of $138.91. 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 firm has a market capitalization of $63.21 billion, a price-to-earnings ratio of 581.48, a PEG ratio of 42.00 and a beta of 1.20. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the transaction, the chief technology officer directly owned 395,661 shares in the company, valued at $78,336,921.39. The trade was a 11.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael James Callahan sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the sale, the director owned 12,496 shares of the company’s stock, valued at $2,342,625.12. This represents a 50.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,979,841 shares of company stock valued at $303,130,605 in the last quarter. Insiders own 8.70% of the company’s stock.

About Datadog

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.