Calamos Wealth Management LLC Has $5.65 Million Stock Holdings in Datadog, Inc. $DDOG

Calamos Wealth Management LLC decreased its position in Datadog, Inc. (NASDAQ:DDOG) by 69.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,699 shares of the company’s stock after selling 90,691 shares during the period. Calamos Wealth Management LLC’s holdings in Datadog were worth $5,653,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DDOG. Calamos Advisors LLC increased its position in shares of Datadog by 37.7% during the third quarter. Calamos Advisors LLC now owns 155,415 shares of the company’s stock valued at $22,131,000 after purchasing an additional 42,542 shares during the period. Forefront Wealth Partners LLC boosted its stake in Datadog by 31.1% during the third quarter. Forefront Wealth Partners LLC now owns 2,026 shares of the company’s stock worth $289,000 after buying an additional 481 shares in the last quarter. waypoint wealth counsel bought a new stake in Datadog in the 3rd quarter valued at $206,000. Tripletail Wealth Management LLC acquired a new position in shares of Datadog in the 3rd quarter valued at $28,000. Finally, Ethic Inc. raised its stake in shares of Datadog by 22.9% in the 3rd quarter. Ethic Inc. now owns 28,027 shares of the company’s stock valued at $3,991,000 after buying an additional 5,218 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DDOG shares. Cowen reiterated a “buy” rating on shares of Datadog in a research report on Thursday, November 6th. Barclays lifted their price objective on Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. KeyCorp raised Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price for the company in a report on Friday, November 7th. DA Davidson boosted their price target on Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Thirty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $207.78.

Datadog Stock Down 0.3%

NASDAQ DDOG opened at $137.48 on Wednesday. The stock’s 50 day simple moving average is $158.35 and its 200 day simple moving average is $146.49. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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. The firm had revenue of $885.65 million during 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 business’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the transaction, the director owned 12,496 shares in the company, valued at $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,229,862 shares of company stock worth $220,022,543 in the last 90 days. Corporate insiders own 8.70% of the company’s stock.

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.