EFG Asset Management North America Corp. Buys 4,233 Shares of Datadog, Inc. $DDOG

EFG Asset Management North America Corp. boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,301 shares of the company’s stock after buying an additional 4,233 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Datadog were worth $3,317,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Tripletail Wealth Management LLC bought a new stake in shares of Datadog in the 3rd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Datadog in the third quarter worth about $40,000. Game Plan Financial Advisors LLC purchased a new position in shares of Datadog during the third quarter valued at approximately $43,000. Interchange Capital Partners LLC bought a new position in shares of Datadog during the second quarter valued at approximately $42,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Datadog by 536.5% in the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock worth $47,000 after buying an additional 279 shares during the period. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DDOG. Canaccord Genuity Group dropped their price objective on Datadog from $225.00 to $210.00 and set a “buy” rating for the company in a report on Friday, December 19th. The Goldman Sachs Group began coverage on Datadog in a research report on Monday, January 12th. They set a “sell” rating and a $113.00 target price for the company. Wall Street Zen cut shares of Datadog from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Bank of America raised their price target on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Cantor Fitzgerald lifted their price objective on shares of Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Thirty-four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $192.95.

Insider Activity at Datadog

In other news, COO Adam Blitzer sold 8,023 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total value of $1,240,436.03. Following the completion of the transaction, the chief operating officer directly owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. The trade was a 4.63% 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 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 value of $1,544,126.35. Following the sale, the chief executive officer owned 518,133 shares of the company’s stock, valued at $71,466,084.69. This trade represents a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,071,709 shares of company stock valued at $192,590,597 over the last 90 days. Insiders own 8.70% of the company’s stock.

Datadog Stock Up 5.0%

Shares of Datadog stock opened at $136.64 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market cap of $47.92 billion, a price-to-earnings ratio of 440.77, a PEG ratio of 23.21 and a beta of 1.26. The firm’s 50-day moving average is $142.19 and its two-hundred day moving average is $145.55. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating 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 business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s quarterly revenue 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. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.