Datadog, Inc. $DDOG Stock Holdings Raised by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 14,520.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,971 shares of the company’s stock after purchasing an additional 4,937 shares during the period. Laurel Wealth Advisors LLC’s holdings in Datadog were worth $668,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in Datadog during the 1st quarter worth approximately $30,000. Interchange Capital Partners LLC bought a new position in Datadog during the second quarter worth $42,000. Ameritas Advisory Services LLC acquired a new position in Datadog in the second quarter worth $55,000. True Wealth Design LLC increased its stake in Datadog by 679.1% during the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after purchasing an additional 455 shares during the last quarter. Finally, Roble Belko & Company Inc raised its holdings in shares of Datadog by 205.8% during the second quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after purchasing an additional 354 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 1.2%

NASDAQ:DDOG opened at $160.28 on Friday. The stock has a market cap of $56.20 billion, a price-to-earnings ratio of 517.02, a PEG ratio of 35.96 and a beta of 1.20. 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, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The business has a fifty day moving average of $161.02 and a 200-day moving average of $141.92.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. Equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director owned 1,640 shares in the company, valued at $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,419,003 shares of company stock valued at $243,371,866. 8.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Capital One Financial boosted their price objective on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Bank of America upped their target price on Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 7th. Rosenblatt Securities increased their price target on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Monness Crespi & Hardt boosted their price objective on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $207.38.

Datadog Company Profile

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.