Teacher Retirement System of Texas Sells 5,962 Shares of Datadog, Inc. $DDOG

Teacher Retirement System of Texas lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.7% during the third quarter, Holdings Channel reports. The fund owned 37,662 shares of the company’s stock after selling 5,962 shares during the quarter. Teacher Retirement System of Texas’ holdings in Datadog were worth $5,363,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Tripletail Wealth Management LLC acquired a new position in shares of Datadog during the third quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Datadog during the 3rd quarter worth approximately $40,000. Game Plan Financial Advisors LLC bought a new stake in Datadog during the third quarter worth $43,000. Interchange Capital Partners LLC bought a new stake in shares of Datadog during the 2nd quarter worth $42,000. Finally, Cromwell Holdings LLC raised its position in Datadog by 536.5% in the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock worth $47,000 after acquiring an additional 279 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of DDOG stock opened at $136.64 on Tuesday. The business’s 50 day moving average price is $142.19 and its 200-day moving average price is $145.55. 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 cap of $47.92 billion, a P/E ratio of 440.77, a P/E/G ratio of 23.21 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. 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 research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group upped their price target on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Citigroup cut their price target on shares of Datadog from $200.00 to $175.00 and set a “buy” rating for the company in a report on Friday, January 16th. JPMorgan Chase & Co. boosted their price objective on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Wall Street Zen lowered shares of Datadog from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, BTIG Research upped their target price on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirty-four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.95.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the transaction, the chief technology officer owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the transaction, the director owned 12,859 shares of the company’s stock, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,071,709 shares of company stock valued at $192,590,597 over the last three months. Corporate insiders own 8.70% of the company’s stock.

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.