Watts Gwilliam & Co. LLC Takes Position in Datadog, Inc. $DDOG

Watts Gwilliam & Co. LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,732 shares of the company’s stock, valued at approximately $2,426,000.

Other large investors have also bought and sold shares of the company. Centaurus Financial Inc. purchased a new position in shares of Datadog in the 2nd quarter valued at approximately $139,000. Orion Porfolio Solutions LLC raised its holdings in Datadog by 12.0% in the second quarter. Orion Porfolio Solutions LLC now owns 16,927 shares of the company’s stock worth $2,274,000 after purchasing an additional 1,818 shares in the last quarter. Forefront Wealth Partners LLC bought a new position in Datadog in the second quarter worth $221,000. Advisory Services Network LLC lifted its position in Datadog by 34.7% during the second quarter. Advisory Services Network LLC now owns 2,858 shares of the company’s stock valued at $400,000 after buying an additional 737 shares during the period. Finally, Campbell Capital Management Inc. bought a new stake in shares of Datadog during the 2nd quarter valued at $6,045,000. 78.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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 report on Friday, November 7th. BMO Capital Markets lifted their target price on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Citigroup upped their price target on Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Arete Research raised their price objective on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Evercore ISI upped their price target on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Thirty-two 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’s stock. According to data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $208.76.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $154.05, for a total value of $8,305,143.60. Following the transaction, the chief technology officer directly owned 295,448 shares of the company’s stock, valued at approximately $45,513,764.40. This trade represents a 15.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yanbing Li sold 6,715 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,064,999.00. Following the sale, the insider directly owned 199,394 shares of the company’s stock, valued at $31,623,888.40. This represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,360,219 shares of company stock valued at $238,954,022 in the last quarter. Insiders own 8.70% of the company’s stock.

Datadog Stock Performance

DDOG stock opened at $146.00 on Monday. The company has a market cap of $51.20 billion, a P/E ratio of 470.97, a price-to-earnings-growth ratio of 31.89 and a beta of 1.23. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock’s fifty day moving average price is $162.96 and its 200-day moving average price is $144.85.

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

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.