Goldstream Capital Management Ltd Makes New $3.37 Million Investment in Datadog, Inc. $DDOG

Goldstream Capital Management Ltd acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,075 shares of the company’s stock, valued at approximately $3,368,000. Datadog makes up approximately 1.1% of Goldstream Capital Management Ltd’s portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in DDOG. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna acquired a new stake in Datadog during the second quarter worth approximately $2,794,000. Lombard Odier Asset Management USA Corp acquired a new position in Datadog in the second quarter valued at approximately $249,000. Lombard Odier Asset Management Switzerland SA bought a new position in shares of Datadog during the 2nd quarter worth approximately $1,687,000. Dragoneer Investment Group LLC grew its position in shares of Datadog by 729.5% during the 2nd quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after buying an additional 1,982,763 shares during the period. Finally, Avenir Tech Ltd bought a new stake in shares of Datadog in the 2nd quarter valued at $1,343,000. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $154.28 on Tuesday. The stock has a market cap of $54.10 billion, a price-to-earnings ratio of 497.68, a PEG ratio of 33.07 and a beta of 1.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The firm’s 50-day simple moving average is $162.93 and its 200 day simple moving average is $143.88.

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

Insider Activity

In related news, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the transaction, the director directly owned 12,859 shares in the company, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $96,633,802.44. This trade represents a 15.89% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,358,667 shares of company stock valued at $237,887,928. 8.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on DDOG shares. Rosenblatt Securities increased their target price on shares of Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Barclays upped their price objective on shares of Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Mizuho set a $215.00 target price on Datadog in a research note on Friday, November 7th. Scotiabank upped their price target on Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 7th. Finally, Stifel Nicolaus set a $205.00 price target on Datadog in a report on Thursday, November 6th. 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, Datadog has an average rating of “Moderate Buy” and a consensus target price of $207.38.

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.