Ethic Inc. Acquires 5,218 Shares of Datadog, Inc. $DDOG

Ethic Inc. boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 22.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 28,027 shares of the company’s stock after acquiring an additional 5,218 shares during the period. Ethic Inc.’s holdings in Datadog were worth $3,991,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Institute for Wealth Management LLC. increased its position in shares of Datadog by 6.7% during the third quarter. Institute for Wealth Management LLC. now owns 4,327 shares of the company’s stock worth $616,000 after acquiring an additional 272 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in Datadog by 12.2% during the 3rd quarter. Perigon Wealth Management LLC now owns 2,338 shares of the company’s stock worth $333,000 after purchasing an additional 255 shares in the last quarter. Sowell Financial Services LLC raised its stake in shares of Datadog by 16.2% in the third quarter. Sowell Financial Services LLC now owns 2,452 shares of the company’s stock worth $349,000 after purchasing an additional 342 shares during the last quarter. Bellecapital International Ltd. purchased a new stake in shares of Datadog in the third quarter worth approximately $220,000. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Datadog by 14.4% in the third quarter. Apollon Wealth Management LLC now owns 6,738 shares of the company’s stock valued at $959,000 after purchasing an additional 850 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DDOG has been the subject of several recent research reports. Macquarie upped their price target on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada upped their target price on shares of Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Capital One Financial raised their price target on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. KeyCorp raised shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective for the company in a research report on Friday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. 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 Performance

NASDAQ DDOG opened at $137.48 on Wednesday. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The company has a 50-day simple moving average of $158.35 and a 200 day simple moving average of $146.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The company 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 (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating 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 firm had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the company earned $0.46 earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. 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, research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In other Datadog news, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction on 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 sale, the chief technology officer owned 395,661 shares in the company, valued at approximately $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,229,862 shares of company stock valued at $220,022,543 in the last three months. 8.70% of the stock is currently owned by company insiders.

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.