SG Americas Securities LLC Has $22.95 Million Stock Holdings in Datadog, Inc. $DDOG

SG Americas Securities LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 306.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,135 shares of the company’s stock after buying an additional 121,505 shares during the quarter. SG Americas Securities LLC’s holdings in Datadog were worth $22,946,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. HB Wealth Management LLC raised its holdings in shares of Datadog by 27.8% during the third quarter. HB Wealth Management LLC now owns 4,274 shares of the company’s stock worth $609,000 after acquiring an additional 929 shares in the last quarter. Moran Wealth Management LLC acquired a new position in Datadog in the 3rd quarter worth about $300,000. KLP Kapitalforvaltning AS raised its stake in shares of Datadog by 4.2% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 108,100 shares of the company’s stock worth $15,393,000 after purchasing an additional 4,400 shares in the last quarter. Securian Asset Management Inc. purchased a new stake in shares of Datadog during the 3rd quarter worth about $2,216,000. Finally, Index Fund Advisors Inc. acquired a new stake in shares of Datadog during the 3rd quarter valued at about $207,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

Shares of Datadog stock opened at $130.68 on Friday. 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 firm has a fifty day simple moving average of $155.42 and a 200-day simple moving average of $146.64. The stock has a market capitalization of $45.83 billion, a price-to-earnings ratio of 421.55, a PEG ratio of 26.22 and a beta of 1.26. 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 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter last 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, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 100,754 shares of the company’s 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 transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 404,306 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the sale, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This represents a 96.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,091,237 shares of company stock valued at $195,954,762. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Jefferies Financial Group dropped their price objective on Datadog from $220.00 to $180.00 and set a “buy” rating on the stock in a report on Monday. Rosenblatt Securities boosted their target price on shares of Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Truist Financial dropped their price target on shares of Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Finally, Bank of America upped their price objective on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Thirty-three research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $203.87.

Datadog Company 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.