Caxton Associates LLP Buys Shares of 125,000 Datadog, Inc. $DDOG

Caxton Associates LLP purchased a new position in Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 125,000 shares of the company’s stock, valued at approximately $16,791,000. Datadog comprises about 0.4% of Caxton Associates LLP’s portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Interchange Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter worth about $42,000. Ameritas Advisory Services LLC purchased a new position in Datadog in the 2nd quarter valued at about $55,000. True Wealth Design LLC boosted 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. Roble Belko & Company Inc boosted its stake in shares of Datadog by 205.8% during the 2nd quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after purchasing an additional 354 shares during the last quarter. Finally, Center for Financial Planning Inc. grew its holdings in shares of Datadog by 42.0% during the second quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock worth $71,000 after buying an additional 157 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Tuesday, November 11th. The stock was 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 of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the sale, the director directly owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,404,663 shares of company stock worth $245,102,405. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Down 2.6%

Shares of NASDAQ DDOG opened at $146.00 on Friday. The stock has a market capitalization of $51.20 billion, a PE ratio of 470.97, a P/E/G ratio of 31.89 and a beta of 1.23. 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 firm has a fifty day moving average of $162.96 and a 200-day moving average of $144.65. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same period last year, the company posted $0.46 EPS. The business’s quarterly 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. On average, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DDOG. Mizuho set a $215.00 price objective on shares of Datadog in a research note on Friday, November 7th. Arete Research boosted their price target on Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a report on Thursday. KeyCorp upgraded Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective on the stock in a report on Friday, November 7th. Evercore ISI lifted their price objective on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Finally, BTIG Research increased their target price on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.76.

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.