Datadog, Inc. $DDOG Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 4.2% during the third quarter, Holdings Channel.com reports. The firm owned 108,100 shares of the company’s stock after purchasing an additional 4,400 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Datadog were worth $15,393,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Datadog during the second quarter worth $347,728,000. Dragoneer Investment Group LLC grew its stake 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 purchasing an additional 1,982,763 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Datadog in the 2nd quarter valued at about $177,050,000. Brown Advisory Inc. lifted its stake in shares of Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after purchasing an additional 1,130,675 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Datadog by 48.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,836,118 shares of the company’s stock worth $281,371,000 after buying an additional 923,905 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DDOG. Jefferies Financial Group dropped their target price on shares of Datadog from $220.00 to $180.00 and set a “buy” rating for the company in a report on Monday. BNP Paribas Exane lifted their price objective on Datadog from $160.00 to $210.00 in a report on Friday, November 7th. BTIG Research upped their target price on Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Piper Sandler cut their price target on Datadog from $225.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Raymond James Financial increased their price objective on shares of Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. Thirty-three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.87.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 43,106 shares of Datadog stock in a transaction on Monday, January 5th. The shares were sold at an average price of $133.93, for a total value of $5,773,186.58. Following the transaction, the chief technology officer owned 301,458 shares in the company, valued at $40,374,269.94. This trade represents a 12.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Adam Blitzer sold 8,023 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total value of $1,240,436.03. Following the sale, the chief operating officer owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. The trade was a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,091,237 shares of company stock valued at $195,954,762 in the last quarter. Insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $130.68 on Friday. The company has a 50-day simple moving average of $155.42 and a 200-day simple moving average of $146.64. 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 $45.83 billion, a PE ratio of 421.55, a price-to-earnings-growth ratio of 26.22 and a beta of 1.26. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last issued its quarterly 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 during 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 revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. 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, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

About Datadog

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.