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

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

Other large investors have also recently modified their holdings of the company. V Square Quantitative Management LLC boosted its stake in Datadog by 13.8% in the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after acquiring an additional 73 shares in the last quarter. Nilsine Partners LLC lifted its holdings in shares of Datadog by 2.4% during the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after purchasing an additional 78 shares during the last quarter. PDS Planning Inc boosted its position in shares of Datadog by 4.2% in the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock worth $281,000 after purchasing an additional 80 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after buying an additional 82 shares during the last quarter. Finally, STF Management LP increased its position in Datadog by 2.3% during the 2nd quarter. STF Management LP now owns 4,534 shares of the company’s stock valued at $609,000 after buying an additional 104 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 5.0%

DDOG stock opened at $136.64 on Tuesday. The firm’s fifty day simple moving average is $142.19 and its 200-day simple moving average is $145.55. The company has a market capitalization of $47.92 billion, a P/E ratio of 440.77, a price-to-earnings-growth ratio of 23.21 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the company posted $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 research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Needham & Company LLC increased their price target on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Bank of America upped their price objective on shares of Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 7th. Piper Sandler lowered their target price on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. Robert W. Baird boosted their target price on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Datadog in a research note on Wednesday, January 21st. Thirty-four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.95.

Insider Buying and Selling at Datadog

In related news, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This trade represents a 96.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business’s 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 transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,071,709 shares of company stock worth $192,590,597. 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.