UniSuper Management Pty Ltd Has $9.66 Million Stake in Datadog, Inc. $DDOG

UniSuper Management Pty Ltd lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 1,313.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,864 shares of the company’s stock after acquiring an additional 63,064 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Datadog were worth $9,664,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Tripletail Wealth Management LLC bought a new position in Datadog in the 3rd quarter valued at $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in shares of Datadog during the third quarter worth $40,000. Game Plan Financial Advisors LLC acquired a new stake in shares of Datadog in the third quarter valued at $43,000. Interchange Capital Partners LLC bought a new position in shares of Datadog in the second quarter valued at about $42,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Datadog by 536.5% in the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock valued at $47,000 after buying an additional 279 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Down 0.9%

Shares of NASDAQ DDOG opened at $130.13 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The firm has a market capitalization of $45.63 billion, a P/E ratio of 419.77, a P/E/G ratio of 23.51 and a beta of 1.26. 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 company’s 50 day simple moving average is $143.06 and its 200 day simple moving average is $145.54.

Datadog (NASDAQ:DDOG) last issued its 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 company 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%. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. 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, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

DDOG has been the subject of several research reports. Truist Financial lowered their price objective on shares of Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. DA Davidson increased their price target on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Capital One Financial lowered their price target on shares of Datadog from $219.00 to $156.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Oppenheimer upped their price objective on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Datadog in a research report on Monday, December 29th. Thirty-four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $192.95.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $137.93, for a total value of $1,544,126.35. Following the transaction, the chief executive officer owned 518,133 shares of the company’s stock, valued at approximately $71,466,084.69. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Yanbing Li sold 6,715 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the transaction, the insider owned 199,394 shares in the company, valued at approximately $31,623,888.40. This trade represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,071,709 shares of company stock valued at $192,590,597 in the last ninety days. 8.70% of the stock is currently owned by insiders.

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.