Nisa Investment Advisors LLC Increases Position in Datadog, Inc. $DDOG

Nisa Investment Advisors LLC grew its position in Datadog, Inc. (NASDAQ:DDOG) by 2,082.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,176 shares of the company’s stock after purchasing an additional 27,839 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Datadog were worth $4,155,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Datadog by 2.4% in the second quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock valued at $4,319,178,000 after buying an additional 740,457 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of Datadog by 23.3% during the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after acquiring an additional 1,130,675 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Datadog by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after acquiring an additional 242,273 shares during the last quarter. Norges Bank acquired a new stake in shares of Datadog during the 2nd quarter worth about $347,728,000. Finally, Dragoneer Investment Group LLC raised its position in shares of Datadog by 729.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after acquiring an additional 1,982,763 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Down 4.0%

DDOG stock opened at $125.49 on Monday. The company has a market cap of $44.01 billion, a price-to-earnings ratio of 404.81, a price-to-earnings-growth ratio of 23.26 and a beta of 1.26. The company has a fifty day moving average price of $154.67 and a 200 day moving average price of $146.84. 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, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

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, topping the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the firm posted $0.46 EPS. Datadog’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. Sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In related news, CFO David M. Obstler sold 12,513 shares of Datadog stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,984,561.80. Following the transaction, the chief financial officer directly owned 374,138 shares in the company, valued at $59,338,286.80. This trade represents a 3.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the company’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $137.93, for a total transaction of $1,544,126.35. Following the transaction, the chief executive officer owned 518,133 shares of the company’s stock, valued at approximately $71,466,084.69. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,083,321 shares of company stock valued at $194,667,779. 8.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of research analyst reports. UBS Group upped their price target on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Needham & Company LLC boosted their price objective on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Wolfe Research cut their price target on shares of Datadog from $240.00 to $185.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. Finally, BMO Capital Markets boosted their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Thirty-three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $200.92.

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.