Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Purchases Shares of 20,797 Datadog, Inc. $DDOG

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 20,797 shares of the company’s stock, valued at approximately $2,794,000. Datadog makes up approximately 1.1% of Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna’s portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Callan Family Office LLC lifted its holdings in Datadog by 145.6% during the 2nd quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock valued at $3,047,000 after buying an additional 13,445 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after buying an additional 22,818 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in shares of Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after purchasing an additional 58,369 shares during the last quarter. Jefferies Financial Group Inc. boosted its holdings in shares of Datadog by 360.4% in the 2nd quarter. Jefferies Financial Group Inc. now owns 77,018 shares of the company’s stock valued at $10,346,000 after buying an additional 60,291 shares in the last quarter. Finally, Alta Advisers Ltd acquired a new stake in Datadog in the second quarter valued at approximately $235,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DDOG shares. Stifel Nicolaus set a $205.00 price target on Datadog in a research report on Thursday, November 6th. BTIG Research boosted their price target on Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Scotiabank lifted their price target on Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research note on Friday, November 7th. Macquarie upped their target price on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, Robert W. Baird lifted their price objective on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.38.

Insiders Place Their Bets

In other news, CRO Sean Michael Walters sold 10,530 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 $1,670,058.00. Following the sale, the executive owned 181,492 shares of the company’s stock, valued at $28,784,631.20. The trade was a 5.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $154.63, for a total transaction of $5,090,883.49. Following the completion of the sale, the chief executive officer directly owned 518,133 shares in the company, valued at approximately $80,118,905.79. The trade was a 5.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,358,667 shares of company stock worth $237,887,928. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of Datadog stock opened at $154.28 on Tuesday. The firm’s 50 day moving average is $162.93 and its two-hundred day moving average is $143.88. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $54.10 billion, a P/E ratio of 497.68, a P/E/G ratio of 33.07 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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. The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal 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.