Datadog Sees Unusually Large Options Volume (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) was the recipient of some unusual options trading on Friday. Stock investors bought 26,863 put options on the company. This is an increase of approximately 23% compared to the typical daily volume of 21,880 put options.

Datadog Trading Down 4.0%

Shares of DDOG stock opened at $125.49 on Friday. The business has a 50-day moving average price of $154.67 and a two-hundred day moving average price of $146.72. The firm has a market cap of $44.01 billion, a P/E ratio of 404.81, a price-to-earnings-growth ratio of 23.26 and a beta of 1.26. Datadog has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS 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 quarter in the prior year, the company posted $0.46 earnings per share. The business’s revenue for the quarter 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. Equities analysts anticipate that Datadog will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the transaction, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This represents a 96.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,091,237 shares of company stock worth $195,954,762. 8.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Datadog

Several institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in Datadog by 77.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,087,644 shares of the company’s stock valued at $147,909,000 after buying an additional 474,370 shares during the period. Diversified Trust Co. boosted its stake in shares of Datadog by 19.7% during the 4th quarter. Diversified Trust Co. now owns 7,325 shares of the company’s stock worth $996,000 after acquiring an additional 1,204 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its stake in shares of Datadog by 22.8% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 1,729 shares of the company’s stock worth $231,000 after acquiring an additional 321 shares during the last quarter. Wedmont Private Capital grew its position in shares of Datadog by 7.0% during the 4th quarter. Wedmont Private Capital now owns 2,375 shares of the company’s stock valued at $336,000 after acquiring an additional 156 shares during the period. Finally, Maridea Wealth Management LLC purchased a new stake in shares of Datadog in the 4th quarter worth $395,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Needham & Company LLC boosted their price target on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Robert W. Baird lifted their price objective on Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. TD Cowen boosted their target price on Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Truist Financial decreased their target price on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Macquarie raised their price target on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Thirty-three 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.87.

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.