Datadog, Inc. $DDOG Position Boosted by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 19.8% in the third quarter, HoldingsChannel reports. The fund owned 53,900 shares of the company’s stock after buying an additional 8,900 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Datadog were worth $7,675,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new position in Datadog in the 2nd quarter valued at about $347,728,000. Dragoneer Investment Group LLC raised its holdings in Datadog by 729.5% during the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after purchasing an additional 1,982,763 shares in the last quarter. Brown Advisory Inc. boosted its stake in Datadog by 23.3% during the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after purchasing an additional 1,130,675 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Datadog by 99.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,847,722 shares of the company’s stock worth $247,983,000 after buying an additional 923,038 shares in the last quarter. Finally, 1832 Asset Management L.P. acquired a new stake in shares of Datadog in the second quarter valued at $101,594,000. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on DDOG. Truist Financial cut their price target on shares of Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, January 7th. Arete Research raised their price objective on Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Cantor Fitzgerald increased their price target on Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Wells Fargo & Company boosted their price objective on Datadog from $190.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Canaccord Genuity Group dropped their target price on shares of Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Thirty-five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $191.92.

Datadog Stock Up 1.1%

DDOG stock opened at $138.21 on Wednesday. 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 capitalization of $48.47 billion, a P/E ratio of 445.84, a P/E/G ratio of 24.38 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 business has a 50-day moving average of $141.42 and a 200-day moving average of $145.56.

Datadog (NASDAQ:DDOG) last released its 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. The firm 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%.The business’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the transaction, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. The trade was a 96.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred 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 sale, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. The trade was a 11.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,071,709 shares of company stock worth $192,590,597 in the last three months. Insiders own 8.70% of the company’s stock.

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.