Datadog, Inc. $DDOG Shares Purchased by Siren L.L.C.

Siren L.L.C. increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 55.9% in the 1st quarter, HoldingsChannel reports. The firm owned 47,425 shares of the company’s stock after buying an additional 17,000 shares during the quarter. Siren L.L.C.’s holdings in Datadog were worth $4,705,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Putney Financial Group LLC acquired a new position in shares of Datadog during the 4th quarter worth approximately $32,000. Elequin Capital LP acquired a new position in shares of Datadog during the 4th quarter worth approximately $34,000. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC raised its position in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Finally, Shell Asset Management Co. acquired a new position in shares of Datadog during the 4th quarter worth approximately $48,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 0.9%

Shares of NASDAQ DDOG opened at $139.13 on Thursday. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm has a fifty day moving average of $138.07 and a 200-day moving average of $119.69. The stock has a market capitalization of $48.52 billion, a PE ratio of 397.53, a P/E/G ratio of 56.54 and a beta of 1.10. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. During the same period in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In related news, CRO Sean Michael Walters sold 10,622 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $1,421,754.70. Following the completion of the sale, the executive directly owned 201,702 shares of the company’s stock, valued at approximately $26,997,812.70. This represents a 5.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David M. Obstler sold 12,619 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $1,689,053.15. Following the sale, the chief financial officer directly owned 386,651 shares of the company’s stock, valued at approximately $51,753,236.35. This trade represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,406,371 shares of company stock worth $184,294,753 in the last quarter. Insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DDOG. Stifel Nicolaus lifted their target price on shares of Datadog from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, June 26th. DA Davidson set a $160.00 target price on shares of Datadog and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald lifted their target price on shares of Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Jefferies Financial Group lifted their target price on shares of Datadog from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, Citigroup lifted their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $153.10.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.