Retirement Systems of Alabama Invests $9.82 Million in Datadog, Inc. $DDOG

Retirement Systems of Alabama acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to its most recent filing with the SEC. The firm acquired 68,960 shares of the company’s stock, valued at approximately $9,820,000.

A number of other large investors also recently bought and sold shares of DDOG. Whittier Trust Co. increased its stake in shares of Datadog by 2.0% during the third quarter. Whittier Trust Co. now owns 104,575 shares of the company’s stock worth $15,877,000 after acquiring an additional 2,080 shares during the period. CIBC Asset Management Inc boosted its holdings in Datadog by 20.7% in the 3rd quarter. CIBC Asset Management Inc now owns 178,800 shares of the company’s stock valued at $25,461,000 after purchasing an additional 30,720 shares in the last quarter. Sagespring Wealth Partners LLC increased its position in Datadog by 25.6% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after purchasing an additional 693 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Datadog during the 3rd quarter worth approximately $4,242,000. Finally, Mn Services Vermogensbeheer B.V. raised its stake in shares of Datadog by 0.7% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 108,100 shares of the company’s stock worth $15,393,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the transaction, the chief technology officer directly owned 395,661 shares in the company, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was 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 in the company, valued at $2,566,656.40. This represents a 96.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,071,709 shares of company stock valued at $192,590,597 over the last three months. 8.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DDOG shares. Wall Street Zen lowered Datadog from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. CIBC raised shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a research note on Friday, November 7th. KeyCorp reduced their price objective on shares of Datadog from $230.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Capital One Financial lowered their target price on shares of Datadog from $219.00 to $156.00 and set an “overweight” rating on the stock in a research report on Friday, January 16th. Finally, Oppenheimer lifted their price target on shares of Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Thirty-five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.92.

Datadog Stock Up 1.7%

Shares of NASDAQ DDOG opened at $140.56 on Thursday. The firm’s 50-day moving average is $140.71 and its two-hundred day moving average is $145.52. The company has a market capitalization of $49.29 billion, a PE ratio of 453.42, a price-to-earnings-growth ratio of 24.66 and a beta of 1.26. Datadog, Inc. has a 12-month low of $81.63 and a 12-month 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 issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $852.77 million. During the same period last year, the company posted $0.46 EPS. The company’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 and its Q4 2025 guidance at 0.54-0.56 EPS. Equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.