Linden Advisors LP Takes $7.76 Million Position in Datadog, Inc. $DDOG

Linden Advisors LP acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 57,800 shares of the company’s stock, valued at approximately $7,764,000.

Other large investors have also recently bought and sold shares of the company. Interchange Capital Partners LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at $42,000. Ameritas Advisory Services LLC bought a new position in Datadog in the second quarter valued at about $55,000. True Wealth Design LLC increased 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 purchasing an additional 455 shares during the period. Center for Financial Planning Inc. raised its holdings in Datadog by 42.0% during the 2nd quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock worth $71,000 after purchasing an additional 157 shares during the last quarter. Finally, Roble Belko & Company Inc raised its holdings in Datadog by 205.8% during the 2nd quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after purchasing an additional 354 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DDOG shares. Arete Research raised their target price on shares of Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI raised their price objective on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Macquarie lifted their target price on shares of Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Barclays raised their price target on Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Thirty-two 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.76.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 100,754 shares of the 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 completion of the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 completion of the transaction, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,404,663 shares of company stock worth $245,102,405 in the last three months. 8.70% of the stock is owned by corporate insiders.

Datadog Price Performance

DDOG opened at $146.00 on Friday. The stock has a market cap of $51.20 billion, a P/E ratio of 470.97, a P/E/G ratio of 32.74 and a beta of 1.23. Datadog, Inc. has a 12 month low of $81.63 and a 12 month 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 company has a fifty day simple moving average of $162.96 and a 200 day simple moving average of $144.46.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) 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 firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, research analysts expect 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.