Mutual of America Capital Management LLC Grows Holdings in Datadog, Inc. $DDOG

Mutual of America Capital Management LLC raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 865.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,198 shares of the company’s stock after purchasing an additional 41,412 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Datadog were worth $6,579,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Tripletail Wealth Management LLC purchased a new position in Datadog in the 3rd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. bought a new position in Datadog in the 3rd quarter worth about $40,000. Game Plan Financial Advisors LLC bought a new position in Datadog in the 3rd quarter worth about $43,000. Interchange Capital Partners LLC purchased a new position in shares of Datadog during the second quarter worth approximately $42,000. Finally, Cromwell Holdings LLC raised its stake in shares of Datadog by 536.5% during the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DDOG. Wall Street Zen cut Datadog from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Scotiabank lowered their target price on Datadog from $217.00 to $180.00 and set a “sector outperform” rating for the company in a report on Tuesday. Cantor Fitzgerald increased their price target on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Moffett Nathanson restated a “buy” rating on shares of Datadog in a report on Monday, December 29th. Finally, KeyCorp lowered their price objective on shares of Datadog from $230.00 to $170.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Thirty-five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $191.92.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 43,106 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the transaction, the chief technology officer directly owned 301,458 shares in the company, valued at $40,374,269.94. The trade was a 12.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total value of $988,629.24. Following the completion of the sale, the director owned 340,701 shares of the company’s stock, valued at approximately $42,550,147.89. This trade represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,071,709 shares of company stock worth $192,590,597. 8.70% of the stock is currently owned by corporate insiders.

Datadog Stock Performance

DDOG stock opened at $140.56 on Thursday. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The firm has a market cap of $49.29 billion, a price-to-earnings ratio of 453.42, a PEG ratio of 24.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The firm has a 50-day simple moving average of $140.71 and a two-hundred day simple moving average of $145.52.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping 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 firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the business posted $0.46 EPS. Datadog’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, equities analysts forecast that Datadog, Inc. 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.