United Asset Strategies Inc. Has $1.30 Million Stock Position in Datadog, Inc. $DDOG

United Asset Strategies Inc. lowered its position in Datadog, Inc. (NASDAQ:DDOG) by 57.1% during the second quarter, HoldingsChannel.com reports. The firm owned 9,648 shares of the company’s stock after selling 12,842 shares during the quarter. United Asset Strategies Inc.’s holdings in Datadog were worth $1,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Costello Asset Management INC bought a new stake in shares of Datadog in the 1st quarter valued at approximately $30,000. Interchange Capital Partners LLC acquired a new stake in Datadog in the second quarter valued at approximately $42,000. Ameritas Advisory Services LLC bought a new stake in Datadog in the second quarter worth approximately $55,000. True Wealth Design LLC increased its stake in shares of Datadog by 679.1% during the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $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 2nd quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock valued at $71,000 after purchasing an additional 354 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the sale, the director owned 1,640 shares of the company’s stock, valued at $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the transaction, the director owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,489,813 shares of company stock worth $205,390,637. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Needham & Company LLC lifted their target price on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. CIBC raised Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a research report on Friday, November 7th. Macquarie increased their target price on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Scotiabank lifted their price target on Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $190.89 on Thursday. The business’s 50 day moving average is $153.56 and its 200-day moving average is $136.97. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $66.57 billion, a PE ratio of 615.77, a PEG ratio of 56.43 and a beta of 1.20. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly 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. The firm had revenue of $885.65 million for 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 business’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

About Datadog

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.