Guggenheim Capital LLC Grows Holdings in Datadog, Inc. $DDOG

Guggenheim Capital LLC raised its position in Datadog, Inc. (NASDAQ:DDOG) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 120,282 shares of the company’s stock after buying an additional 23,729 shares during the period. Guggenheim Capital LLC’s holdings in Datadog were worth $16,157,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Costello Asset Management INC purchased a new position in Datadog in the first quarter valued at about $30,000. Interchange Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter worth approximately $42,000. Ameritas Advisory Services LLC acquired a new position in shares of Datadog in the 2nd quarter valued at approximately $55,000. True Wealth Design LLC raised its position in shares of Datadog by 679.1% in the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after purchasing an additional 455 shares in the last quarter. Finally, Center for Financial Planning Inc. boosted its stake in shares of Datadog by 42.0% during the 2nd quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock valued at $71,000 after buying an additional 157 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Down 1.8%

Datadog stock opened at $153.00 on Friday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The firm’s 50-day moving average is $162.51 and its 200-day moving average is $142.97. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The company has a market cap of $53.65 billion, a P/E ratio of 493.55, a PEG ratio of 35.37 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data 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 net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Datadog’s quarterly revenue was up 28.4% on a year-over-year basis. 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, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO David M. Obstler sold 12,513 shares of the business’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the completion of the transaction, the chief financial officer owned 374,138 shares in the company, valued at $59,338,286.80. The trade was a 3.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Adam Blitzer sold 8,023 shares of the company’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 transaction, the chief operating officer 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,391,590 shares of company stock worth $242,356,896. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target for the company in a research note on Friday, November 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. TD Cowen upped their target price on shares of Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. BMO Capital Markets increased their price target on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Rosenblatt Securities boosted their price objective on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Thirty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.38.

Datadog 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.