Mutual of America Capital Management LLC Raises Stock Position in Datadog, Inc. $DDOG

Mutual of America Capital Management LLC grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 865.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,198 shares of the company’s stock after acquiring an additional 41,412 shares during the period. Mutual of America Capital Management LLC’s holdings in Datadog were worth $6,579,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in Datadog in the 2nd quarter worth approximately $347,728,000. Dragoneer Investment Group LLC raised its position in shares of Datadog by 729.5% during the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock valued at $302,855,000 after buying an additional 1,982,763 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after buying an additional 1,130,675 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Datadog by 99.8% during the second quarter. AQR Capital Management LLC now owns 1,847,722 shares of the company’s stock worth $247,983,000 after acquiring an additional 923,038 shares during the last quarter. Finally, 1832 Asset Management L.P. bought a new position in shares of Datadog during the second quarter worth $101,594,000. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $137.93, for a total transaction of $1,544,126.35. Following the completion of the transaction, the chief executive officer directly owned 518,133 shares of the company’s stock, valued at approximately $71,466,084.69. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 43,106 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the transaction, the chief technology officer owned 301,458 shares in the company, valued at $40,374,269.94. The trade was a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,071,709 shares of company stock worth $192,590,597. 8.70% of the stock is currently owned by insiders.

Datadog Price Performance

NASDAQ:DDOG opened at $140.56 on Thursday. The firm has a market capitalization of $49.29 billion, a price-to-earnings ratio of 453.42, a PEG ratio of 24.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The business has a 50 day simple moving average of $140.71 and a 200-day simple moving average of $145.52. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Datadog in a research note on Wednesday, January 21st. BNP Paribas Exane reduced their target price on Datadog from $210.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group began coverage on Datadog in a research note on Monday, January 12th. They set a “sell” rating and a $113.00 price target for the company. Guggenheim set a $105.00 price objective on Datadog in a research note on Thursday, November 6th. Finally, Cantor Fitzgerald upped their price objective on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Thirty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $191.92.

About Datadog

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.