Datadog Target of Unusually Large Options Trading (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) was the target of some unusual options trading on Friday. Stock traders purchased 26,863 put options on the company. This is an increase of 23% compared to the typical volume of 21,880 put options.

Insider Buying and Selling at Datadog

In other news, CFO David M. Obstler sold 12,513 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the completion of the sale, the chief financial officer owned 374,138 shares in the company, valued at $59,338,286.80. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Alexis Le-Quoc sold 43,106 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $133.93, for a total value of $5,773,186.58. Following the completion of the transaction, the chief technology officer directly owned 301,458 shares in the company, valued at approximately $40,374,269.94. This trade represents a 12.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,091,237 shares of company stock valued at $195,954,762 over the last three months. Insiders own 8.70% of the company’s stock.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently added to or reduced their stakes in DDOG. Callan Family Office LLC raised its stake in shares of Datadog by 145.6% in the second quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock worth $3,047,000 after buying an additional 13,445 shares during the period. Munro Partners bought a new position in Datadog in the third quarter worth approximately $7,120,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Datadog by 30.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,062 shares of the company’s stock valued at $3,232,000 after buying an additional 5,609 shares in the last quarter. Goldstream Capital Management Ltd acquired a new position in shares of Datadog in the second quarter valued at about $3,368,000. Finally, Yousif Capital Management LLC increased its holdings in shares of Datadog by 869.3% during the 3rd quarter. Yousif Capital Management LLC now owns 36,777 shares of the company’s stock valued at $5,237,000 after purchasing an additional 32,983 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 3.0%

DDOG traded down $3.92 during midday trading on Friday, hitting $126.76. The company had a trading volume of 2,408,395 shares, compared to its average volume of 3,937,815. The stock’s 50 day moving average price is $155.42 and its 200 day moving average price is $146.64. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $44.45 billion, a price-to-earnings ratio of 409.98, a PEG ratio of 26.22 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS 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 firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the firm posted $0.46 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Datadog will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of several research analyst reports. Royal Bank Of Canada dropped their price objective on Datadog from $216.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday. Citigroup boosted their price objective on shares of Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. TD Cowen increased their target price on Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Truist Financial decreased their price objective on shares of Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, BTIG Research boosted 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-three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $203.87.

Datadog Company 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.