Burney Co. Sells 12,110 Shares of Datadog, Inc. $DDOG

Burney Co. lessened its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 70.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,141 shares of the company’s stock after selling 12,110 shares during the quarter. Burney Co.’s holdings in Datadog were worth $732,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC boosted its position in shares of Datadog by 13.8% during 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 last quarter. Nilsine Partners LLC increased its position in Datadog by 2.4% in the third 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. raised its stake 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 lifted its position in Datadog by 1.5% during 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 lifted its position in Datadog by 2.3% during the second quarter. STF Management LP now owns 4,534 shares of the company’s stock valued at $609,000 after purchasing an additional 104 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DDOG. Oppenheimer boosted their target price on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Needham & Company LLC upped their price objective on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Canaccord Genuity Group lowered their price objective on Datadog from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, Jefferies Financial Group lifted their target price on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. Thirty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.78.

Insider Buying and Selling

In other news, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the transaction, the director directly owned 12,496 shares in the company, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the completion of the transaction, the chief technology officer directly owned 395,661 shares in the company, valued at $78,336,921.39. This represents a 11.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,316,774 shares of company stock worth $233,101,958 over the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $138.32 on Monday. 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 firm has a market capitalization of $48.50 billion, a P/E ratio of 446.19, a price-to-earnings-growth ratio of 30.21 and a beta of 1.23. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company’s 50-day moving average is $159.10 and its 200 day moving average is $146.27.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. The company’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. Research analysts forecast 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.