Hudock Inc. Buys 268 Shares of Datadog, Inc. $DDOG

Hudock Inc. increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.0% during the second quarter, HoldingsChannel.com reports. The firm owned 4,081 shares of the company’s stock after buying an additional 268 shares during the period. Hudock Inc.’s holdings in Datadog were worth $548,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DDOG. V Square Quantitative Management LLC lifted its stake in Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after purchasing an additional 73 shares in the last quarter. Biltmore Wealth Management LLC grew its position in shares of Datadog by 1.5% during the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after purchasing an additional 86 shares in the last quarter. STF Management LP increased its holdings in shares of Datadog by 2.3% in the second quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after purchasing an additional 104 shares during the period. Covestor Ltd raised its position in shares of Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company’s stock worth $138,000 after buying an additional 113 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its position in shares of Datadog by 0.3% in the second quarter. First Citizens Bank & Trust Co. now owns 40,725 shares of the company’s stock worth $5,471,000 after buying an additional 113 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DDOG shares. Wells Fargo & Company lifted their price target on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Citigroup boosted their price target on shares of Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Capital One Financial raised their price objective on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Monness Crespi & Hardt upped their target price on shares of Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Evercore ISI increased their target price on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Datadog Stock Performance

NASDAQ DDOG opened at $190.89 on Thursday. The company has a 50-day simple moving average of $153.56 and a two-hundred day simple moving average of $136.97. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The firm has a market cap of $66.57 billion, a price-to-earnings ratio of 615.77, a PEG ratio of 56.43 and a beta of 1.20. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $852.77 million. During the same quarter in the previous year, the company posted $0.46 EPS. Datadog’s revenue for the quarter was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $162.58, for a total value of $1,286,983.28. Following the sale, the director owned 364,449 shares of the company’s stock, valued at $59,252,118.42. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael James Callahan sold 12,500 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the sale, the director owned 12,496 shares of the company’s stock, valued at approximately $2,342,625.12. This represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,489,813 shares of company stock valued at $205,390,637. 8.70% of the stock is owned by corporate insiders.

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.