Investors Purchase Large Volume of Put Options on Datadog (NASDAQ:DDOG)

Datadog, Inc. (NASDAQ:DDOG) saw some unusual options trading activity on Friday. Stock investors bought 26,863 put options on the stock. This is an increase of approximately 23% compared to the typical volume of 21,880 put options.

Insider Buying and Selling

In other 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 directly owned 301,458 shares of the company’s stock, valued at $40,374,269.94. The trade was a 12.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yanbing Li sold 6,715 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the transaction, the insider directly owned 199,394 shares in the company, valued at $31,623,888.40. This represents a 3.26% decrease in their position. 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 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Datadog

Several institutional investors and hedge funds have recently modified their holdings of the business. Elevation Point Wealth Partners LLC boosted its position in shares of Datadog by 3.3% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after purchasing an additional 55 shares in the last quarter. V Square Quantitative Management LLC lifted its stake in shares of Datadog by 13.8% in the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares in the last quarter. Vivaldi Capital Management LP grew its stake in shares of Datadog by 2.8% in the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after acquiring an additional 74 shares in the last quarter. Westside Investment Management Inc. lifted its position in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Finally, Nilsine Partners LLC grew its position in Datadog by 2.4% in the 3rd quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after purchasing an additional 78 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial cut their price objective on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday. UBS Group boosted their target price on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Cantor Fitzgerald raised their target price on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Capital One Financial lifted their target price on shares of Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. Finally, Raymond James Financial upped their price objective on shares of Datadog from $170.00 to $205.00 in a research report on Thursday, November 6th. Thirty-three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $203.87.

Datadog Stock Down 3.0%

Shares of NASDAQ:DDOG traded down $3.92 during trading on Friday, hitting $126.76. 2,408,395 shares of the company’s stock traded hands, compared to its average volume of 3,937,815. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market cap of $44.45 billion, a price-to-earnings ratio of 409.98, a price-to-earnings-growth ratio of 26.22 and a beta of 1.26. The company has a 50-day moving average price of $155.42 and a 200-day moving average price of $146.64. Datadog has a 52 week low of $81.63 and a 52 week high of $201.69.

Datadog (NASDAQ:DDOG) last announced 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. The business 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%.Datadog’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, research analysts forecast that Datadog will post 0.34 EPS for the current fiscal 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.