Sirios Capital Management L P Acquires New Position in Datadog, Inc. $DDOG

Sirios Capital Management L P acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,728 shares of the company’s stock, valued at approximately $769,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its position in shares of Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after acquiring an additional 73 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after purchasing an additional 82 shares during the last quarter. Biltmore Wealth Management LLC increased its holdings in shares of Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock worth $769,000 after purchasing an additional 86 shares in the last quarter. STF Management LP raised its stake 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 last quarter. Finally, Main Management ETF Advisors LLC raised its stake in shares of Datadog by 1.7% in the second quarter. Main Management ETF Advisors LLC now owns 6,597 shares of the company’s stock worth $886,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DDOG shares. Evercore ISI increased their price objective on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Sanford C. Bernstein raised their price target on shares of Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday, November 7th. BMO Capital Markets lifted their price target on shares of Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Scotiabank boosted their price objective on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a report on Friday, November 7th. Finally, BTIG Research increased their price objective on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Thirty-one investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $207.38.

Datadog Trading Down 1.1%

Shares of DDOG stock opened at $152.57 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The company has a market cap of $53.50 billion, a price-to-earnings ratio of 492.16, a PEG ratio of 32.95 and a beta of 1.23. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The firm has a fifty day moving average price of $163.14 and a 200-day moving average price of $144.15.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period 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. As a group, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In related news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares in the company, valued at $246,131.20. This represents a 96.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,412,579 shares of company stock worth $246,193,072 in the last quarter. 8.70% of the stock is currently owned by 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.