Allstate Corp Takes $1.53 Million Position in Datadog, Inc. $DDOG

Allstate Corp bought a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,715 shares of the company’s stock, valued at approximately $1,526,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC bought a new position in Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new position in Datadog during the 4th quarter valued at about $228,000. Empowered Funds LLC boosted its stake in shares of Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after buying an additional 115 shares during the period. Finally, Sivia Capital Partners LLC bought a new stake in shares of Datadog during the second quarter worth approximately $509,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’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 transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,071,709 shares of company stock worth $192,590,597 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DDOG. Truist Financial reduced their price target on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, January 7th. Jefferies Financial Group reduced their target price on Datadog from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, January 5th. BNP Paribas Exane reduced their price objective on shares of Datadog from $210.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. BMO Capital Markets increased their target price on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Mizuho set a $200.00 price target on shares of Datadog in a report on Tuesday, December 16th. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.84.

Datadog Price Performance

NASDAQ DDOG opened at $117.00 on Wednesday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The firm’s 50 day moving average is $146.60 and its 200-day moving average is $145.95. The company has a market capitalization of $41.03 billion, a PE ratio of 377.42, a price-to-earnings-growth ratio of 21.50 and a beta of 1.26. 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 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 business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. 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 research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.