Datadog, Inc. $DDOG Shares Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 36.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 14,149 shares of the company’s stock after acquiring an additional 3,815 shares during the period. Corient Private Wealth LLC’s holdings in Datadog were worth $1,901,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. National Wealth Management Group LLC acquired a new position in Datadog during the second quarter worth $384,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of Datadog during the second quarter worth about $2,426,000. Centaurus Financial Inc. purchased a new stake in shares of Datadog during the second quarter worth about $139,000. Orion Porfolio Solutions LLC raised its position in shares of Datadog by 12.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,927 shares of the company’s stock worth $2,274,000 after purchasing an additional 1,818 shares during the last quarter. Finally, Forefront Wealth Partners LLC purchased a new position in Datadog in the 2nd quarter valued at about $221,000. 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 Datadog stock in a transaction on 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 sale, the chief technology officer owned 395,661 shares in the company, valued at $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Matthew Jacobson sold 404,306 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the transaction, the director owned 12,859 shares of the company’s stock, valued at approximately $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 1,305,579 shares of company stock valued at $231,557,832 in the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Datadog Trading Down 0.4%

Shares of DDOG opened at $141.23 on Wednesday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The firm has a market capitalization of $49.53 billion, a P/E ratio of 455.58, a P/E/G ratio of 30.98 and a beta of 1.23. The firm has a 50-day moving average price of $160.09 and a 200 day moving average price of $145.88. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last issued 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 company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the firm earned $0.46 earnings per share. Datadog’s quarterly revenue 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. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DDOG shares. Raymond James Financial boosted their price objective on Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. Arete Research lifted their price target on Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Needham & Company LLC boosted their price target on Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Cantor Fitzgerald increased their price objective on Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, DA Davidson lifted their target price on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $207.78.

Datadog 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.