Highland Capital Management LLC Invests $1.53 Million in Datadog, Inc. $DDOG

Highland Capital Management LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,706 shares of the company’s stock, valued at approximately $1,525,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Brighton Jones LLC bought a new position in Datadog in the 4th quarter worth about $209,000. Bison Wealth LLC purchased a new stake in shares of Datadog in the fourth quarter valued at approximately $228,000. Northwestern Mutual Wealth Management Co. grew its stake in Datadog by 5.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,337 shares of the company’s stock worth $1,819,000 after purchasing an additional 940 shares in the last quarter. MetLife Investment Management LLC grew its stake in Datadog by 1.4% in the first quarter. MetLife Investment Management LLC now owns 18,691 shares of the company’s stock worth $1,854,000 after purchasing an additional 264 shares in the last quarter. Finally, Itau Unibanco Holding S.A. increased its holdings in Datadog by 1,714.6% during the 1st quarter. Itau Unibanco Holding S.A. now owns 5,825 shares of the company’s stock worth $578,000 after purchasing an additional 5,504 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DDOG shares. DA Davidson upped their target price on Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Truist Financial lifted their price objective on Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a report on Friday, November 7th. Canaccord Genuity Group lowered their price objective on shares of Datadog from $225.00 to $210.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Capital One Financial raised their target price on shares of Datadog from $149.00 to $179.00 in a research report on Thursday, October 16th. Finally, BNP Paribas Exane boosted their price target on shares of Datadog from $160.00 to $210.00 in a report on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $207.78.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at $78,336,921.39. This represents a 11.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director directly owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This represents a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,316,774 shares of company stock worth $233,101,958 over the last quarter. Company insiders own 8.70% of the company’s stock.

Datadog Price Performance

DDOG opened at $138.32 on Friday. The firm has a market capitalization of $48.50 billion, a PE ratio of 446.19, a price-to-earnings-growth ratio of 30.15 and a beta of 1.23. 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 business’s 50-day moving average is $159.10 and its two-hundred day moving average is $145.89. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last announced 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. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period last year, the firm earned $0.46 earnings per share. Datadog’s revenue was up 28.4% compared to the same quarter last year. 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 anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.