Calamos Advisors LLC Purchases 42,542 Shares of Datadog, Inc. $DDOG

Calamos Advisors LLC increased its position in Datadog, Inc. (NASDAQ:DDOG) by 37.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 155,415 shares of the company’s stock after buying an additional 42,542 shares during the quarter. Calamos Advisors LLC’s holdings in Datadog were worth $22,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in Datadog in the 4th quarter valued at approximately $209,000. Bison Wealth LLC acquired a new position in shares of Datadog during the fourth quarter worth $228,000. MetLife Investment Management LLC grew its stake in shares of Datadog by 1.4% in the first quarter. MetLife Investment Management LLC now owns 18,691 shares of the company’s stock worth $1,854,000 after purchasing an additional 264 shares during the last quarter. Flputnam Investment Management Co. acquired a new stake in Datadog in the first quarter valued at $1,423,000. Finally, Focus Partners Advisor Solutions LLC acquired a new stake in Datadog in the first quarter valued at $346,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the transaction, the chief technology officer owned 395,661 shares in the company, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $96,633,802.44. This trade represents a 15.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,229,862 shares of company stock valued at $220,022,543 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of several recent research reports. 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. Wolfe Research lowered their price objective on Datadog from $240.00 to $185.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Guggenheim set a $105.00 price objective on Datadog in a research note on Thursday, November 6th. Moffett Nathanson reiterated a “buy” rating on shares of Datadog in a report on Monday. Finally, Oppenheimer raised their price target on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $207.78.

Datadog Price Performance

DDOG stock opened at $137.48 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 50-day moving average is $158.35 and its 200-day moving average is $146.49. The stock has a market capitalization of $48.21 billion, a PE ratio of 443.48, a price-to-earnings-growth ratio of 30.13 and a beta of 1.23. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the prior year, the business earned $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. Equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog Company 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.