Exchange Traded Concepts LLC Acquires 12,158 Shares of Datadog, Inc. $DDOG

Exchange Traded Concepts LLC increased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 35.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,445 shares of the company’s stock after buying an additional 12,158 shares during the period. Exchange Traded Concepts LLC’s holdings in Datadog were worth $6,614,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DDOG. V Square Quantitative Management LLC increased its holdings in shares of Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after acquiring an additional 73 shares during the period. Nilsine Partners LLC lifted its stake in shares of 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 purchasing an additional 78 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in Datadog by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after purchasing an additional 82 shares in the last quarter. Biltmore Wealth Management LLC grew its stake in Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after purchasing an additional 86 shares during the last quarter. Finally, STF Management LP raised its holdings in Datadog by 2.3% in the second quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on DDOG. Wells Fargo & Company raised their price target on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Rosenblatt Securities increased their target price on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Raymond James Financial raised their target price on shares of Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. Royal Bank Of Canada upped their price target on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Citigroup increased their price objective on Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Thirty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.78.

Insider Activity

In other Datadog news, COO Adam Blitzer sold 8,023 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the transaction, the chief operating officer directly owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Yanbing Li sold 6,715 shares of Datadog stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the sale, the insider owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,305,579 shares of company stock valued at $231,557,832. 8.70% of the stock is owned by insiders.

Datadog Price Performance

Shares of DDOG opened at $141.23 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The company’s fifty day moving average price is $160.09 and its 200-day moving average price is $145.88. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The firm has a market capitalization of $49.53 billion, a PE ratio of 455.58, a price-to-earnings-growth ratio of 30.98 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last issued its quarterly 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. The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 EPS. 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, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.