Sequoia Financial Advisors LLC Has $606,000 Position in Datadog, Inc. $DDOG

Sequoia Financial Advisors LLC cut its stake in Datadog, Inc. (NASDAQ:DDOG) by 48.9% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,259 shares of the company’s stock after selling 4,074 shares during the period. Sequoia Financial Advisors LLC’s holdings in Datadog were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Datadog Stock Performance

NASDAQ:DDOG opened at $130.13 on Monday. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.21 and a beta of 1.26. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. 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 stock has a fifty day moving average price of $143.06 and a 200-day moving average price of $145.56.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.Datadog’s revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the business earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, Director Matthew Jacobson sold 404,306 shares of the 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 sale, the director owned 12,859 shares in the company, valued at approximately $2,566,656.40. This trade represents a 96.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $18,254,609.72. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,071,709 shares of company stock valued at $192,590,597 in the last ninety days. 8.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BTIG Research boosted their price target on Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. KeyCorp lowered their price objective on Datadog from $230.00 to $170.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. BMO Capital Markets lifted their target price on Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Scotiabank upped their price target on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research note on Friday, November 7th. Finally, Morgan Stanley raised their price target on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Thirty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.95.

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.