Goldstream Capital Management Ltd Acquires Shares of 25,075 Datadog, Inc. $DDOG

Goldstream Capital Management Ltd bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,075 shares of the company’s stock, valued at approximately $3,368,000. Datadog accounts for approximately 1.1% of Goldstream Capital Management Ltd’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds also recently modified their holdings of DDOG. Vanguard Group Inc. lifted its position in Datadog by 2.4% during 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 period. Price T Rowe Associates Inc. MD raised its position in shares of Datadog by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Datadog by 23.3% in the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after buying an additional 1,130,675 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Datadog by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after acquiring an additional 242,273 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Datadog by 48.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,836,118 shares of the company’s stock worth $281,371,000 after acquiring an additional 923,905 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $154.28 on Tuesday. The business has a 50 day moving average of $162.93 and a 200-day moving average of $143.88. The company has a market capitalization of $54.10 billion, a P/E ratio of 497.68, a P/E/G ratio of 33.07 and a beta of 1.23. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

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 firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same period in the previous year, the firm posted $0.46 EPS. 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, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In related news, 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 sale, the director directly owned 12,496 shares in the company, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 404,306 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the sale, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This represents a 96.92% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,358,667 shares of company stock worth $237,887,928. 8.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on DDOG. Wolfe Research boosted their price objective on shares of Datadog from $175.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Truist Financial upped their price objective on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Rosenblatt Securities lifted their target price on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Mizuho set a $215.00 target price on Datadog in a research note on Friday, November 7th. Finally, Macquarie raised their price target on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-one equities 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog 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.