2,418 Shares in Datadog, Inc. $DDOG Purchased by Portside Wealth Group LLC

Portside Wealth Group LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 2,418 shares of the company’s stock, valued at approximately $325,000.

Several other hedge funds have also recently modified their holdings of the company. Inspire Advisors LLC purchased a new stake in shares of Datadog during the second quarter valued at approximately $707,000. Vanguard Group Inc. boosted its position in Datadog by 2.4% in the second quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after purchasing an additional 740,457 shares during the last quarter. Intrust Bank NA grew its stake in Datadog by 13.0% in the 2nd quarter. Intrust Bank NA now owns 3,391 shares of the company’s stock valued at $456,000 after purchasing an additional 391 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Datadog by 18.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 418,493 shares of the company’s stock valued at $56,216,000 after purchasing an additional 64,454 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its stake in shares of Datadog by 10.1% during the 2nd quarter. Y.D. More Investments Ltd now owns 31,571 shares of the company’s stock worth $4,170,000 after purchasing an additional 2,907 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Activity

In related news, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the sale, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of Datadog stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the sale, the director directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This represents a 88.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 2,181,349 shares of company stock worth $339,639,825. Company insiders own 8.70% of the company’s stock.

Datadog Trading Down 0.1%

Shares of Datadog stock opened at $176.31 on Thursday. The company’s 50-day moving average price is $157.96 and its 200-day moving average price is $139.67. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a market cap of $61.83 billion, a price-to-earnings ratio of 568.74, a PEG ratio of 40.05 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping 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 analyst estimates of $852.77 million. During the same quarter in the prior year, the firm posted $0.46 EPS. 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. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Needham & Company LLC raised their price objective on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Truist Financial lifted their price target on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Citigroup upped their price objective on Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Rosenblatt Securities boosted their target price on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Guggenheim set a $105.00 price objective on Datadog in a report on Thursday, November 6th. Thirty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $207.38.

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.