Allspring Global Investments Holdings LLC Buys 44,323 Shares of Datadog, Inc. $DDOG

Allspring Global Investments Holdings LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 72.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 105,398 shares of the company’s stock after purchasing an additional 44,323 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Datadog were worth $16,094,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Tripletail Wealth Management LLC bought a new position in Datadog in the 3rd quarter worth about $28,000. Interchange Capital Partners LLC purchased a new stake in shares of Datadog in the second quarter worth about $42,000. Ameritas Advisory Services LLC bought a new position in shares of Datadog in the second quarter valued at approximately $55,000. True Wealth Design LLC grew its stake in Datadog by 679.1% during the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after acquiring an additional 455 shares in the last quarter. Finally, Center for Financial Planning Inc. grew its stake in Datadog by 42.0% during the second quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock valued at $71,000 after acquiring an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

DDOG opened at $133.77 on Monday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $46.91 billion, a P/E ratio of 431.52, a PEG ratio of 24.79 and a beta of 1.26. The stock has a 50-day moving average price of $157.12 and a 200-day moving average price of $146.70. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69.

Datadog (NASDAQ:DDOG) last released its 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 company 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%.Datadog’s quarterly revenue 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. Equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 32,418 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $137.85, for a total transaction of $4,468,821.30. Following the transaction, the chief technology officer owned 301,458 shares of the company’s stock, valued at approximately $41,555,985.30. This trade represents a 9.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Adam Blitzer sold 8,023 shares of Datadog stock in a transaction on Wednesday, December 3rd. The stock was 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 owned 165,197 shares in the company, valued at approximately $25,541,108.17. The trade was a 4.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,170,613 shares of company stock worth $210,044,645 in the last ninety days. 8.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DDOG has been the topic of several recent analyst reports. Guggenheim set a $105.00 target price on shares of Datadog in a research note on Thursday, November 6th. Macquarie upped their price target on shares of Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Sanford C. Bernstein lifted their price objective on Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Moffett Nathanson restated a “buy” rating on shares of Datadog in a research note on Monday, December 29th. Finally, Wolfe Research lowered their price target on Datadog from $240.00 to $185.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $207.78.

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.