Czech National Bank Buys Shares of 82,104 Datadog, Inc. $DDOG

Czech National Bank purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 82,104 shares of the company’s stock, valued at approximately $11,692,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Union Bancaire Privee UBP SA lifted its position in shares of Datadog by 150.2% in the third quarter. Union Bancaire Privee UBP SA now owns 72,730 shares of the company’s stock worth $10,357,000 after purchasing an additional 43,666 shares in the last quarter. Sanders Morris Harris LLC acquired a new stake in Datadog in the 3rd quarter valued at $1,198,000. Nilsine Partners LLC lifted its position in Datadog by 2.4% during the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after buying an additional 78 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in shares of Datadog by 304.1% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 7,799 shares of the company’s stock worth $1,111,000 after buying an additional 5,869 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Datadog by 124.3% during the 3rd quarter. GAMMA Investing LLC now owns 2,283 shares of the company’s stock worth $325,000 after buying an additional 1,265 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ:DDOG opened at $138.29 on Friday. The company has a market cap of $48.49 billion, a price-to-earnings ratio of 446.10, a PEG ratio of 29.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The stock has a fifty day moving average price of $161.30 and a 200-day moving average price of $145.08.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 EPS 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 during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The business’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. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the completion of the transaction, the chief technology officer directly owned 295,448 shares in the company, valued at $45,513,764.40. This trade represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yanbing Li sold 6,715 shares of Datadog stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the completion of the transaction, the insider directly owned 199,394 shares in the company, valued at approximately $31,623,888.40. This represents a 3.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,316,774 shares of company stock valued at $233,102,070 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DDOG has been the topic of several analyst reports. Macquarie upped their target price on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. UBS Group boosted their price target on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Guggenheim set a $105.00 price objective on Datadog in a report on Thursday, November 6th. The Goldman Sachs Group raised their target price on shares of Datadog from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Thirty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $206.92.

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.