Verus Capital Partners LLC Sells 483 Shares of Datadog, Inc. $DDOG

Verus Capital Partners LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 14.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,948 shares of the company’s stock after selling 483 shares during the period. Verus Capital Partners LLC’s holdings in Datadog were worth $396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Costello Asset Management INC purchased a new stake in Datadog during the first quarter valued at $30,000. Interchange Capital Partners LLC purchased a new stake in shares of Datadog during the 2nd quarter valued at about $42,000. Ameritas Advisory Services LLC bought a new position in shares of Datadog in the 2nd quarter valued at about $55,000. True Wealth Design LLC grew its position in Datadog by 679.1% in the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $70,000 after acquiring an additional 455 shares in the last quarter. Finally, Roble Belko & Company Inc increased its stake in Datadog by 205.8% during the second quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after acquiring an additional 354 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DDOG. Truist Financial lifted their target price on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Robert W. Baird boosted their price objective on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Cowen restated a “buy” rating on shares of Datadog in a report on Thursday, November 6th. Mizuho set a $215.00 price target on shares of Datadog in a report on Friday, November 7th. Finally, CIBC raised shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price objective on the stock in a research report on Friday, November 7th. Thirty-one 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $207.38.

Insider Transactions at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the transaction, the director owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael James Callahan sold 12,500 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at $2,342,625.12. The trade was a 50.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,489,813 shares of company stock valued at $205,390,637 over the last 90 days. 8.70% of the stock is owned by corporate insiders.

Datadog Trading Down 3.5%

DDOG stock opened at $190.89 on Thursday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The firm’s 50-day moving average is $153.56 and its 200 day moving average is $136.97. The company has a market capitalization of $66.57 billion, a PE ratio of 615.77, a P/E/G ratio of 56.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

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.