Belpointe Asset Management LLC Grows Stock Holdings in Datadog, Inc. $DDOG

Belpointe Asset Management LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 131.8% during the third quarter, HoldingsChannel reports. The firm owned 10,391 shares of the company’s stock after purchasing an additional 5,909 shares during the quarter. Belpointe Asset Management LLC’s holdings in Datadog were worth $1,480,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC purchased a new position in Datadog during the fourth quarter worth about $209,000. Bison Wealth LLC acquired a new position in shares of Datadog during the 4th quarter valued at about $228,000. Empowered Funds LLC lifted its holdings in shares of Datadog by 7.0% during the 1st 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. lifted its holdings 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 acquiring an additional 115 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Datadog in the second quarter worth approximately $509,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total transaction of $988,629.24. Following the completion of the sale, the director directly owned 340,701 shares of the company’s stock, valued at approximately $42,550,147.89. This trade represents a 2.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 43,106 shares of Datadog stock in a transaction on Monday, January 5th. The stock was sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the sale, the chief technology officer directly owned 301,458 shares in the company, valued at $40,374,269.94. This trade represents a 12.51% decrease in their position. 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 three months. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DDOG shares. UBS Group upped their price target on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Truist Financial dropped their price objective on Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, January 7th. JPMorgan Chase & Co. increased their target price on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Rosenblatt Securities boosted their price target on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Oppenheimer upped their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Thirty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $191.92.

Datadog Stock Up 1.7%

Shares of NASDAQ DDOG opened at $140.56 on Thursday. The stock has a fifty day moving average price of $140.71 and a 200 day moving average price of $145.52. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a market cap of $49.29 billion, a P/E ratio of 453.42, a P/E/G ratio of 24.66 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s 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. Research analysts anticipate that Datadog, Inc. will post 0.34 EPS 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.