Retirement Systems of Alabama Purchases Shares of 68,960 Datadog, Inc. $DDOG

Retirement Systems of Alabama acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, Holdings Channel reports. The fund acquired 68,960 shares of the company’s stock, valued at approximately $9,820,000.

Several other institutional investors have also recently added to or reduced their stakes in DDOG. Whittier Trust Co. lifted its position in Datadog by 2.0% during the third quarter. Whittier Trust Co. now owns 104,575 shares of the company’s stock worth $15,877,000 after buying an additional 2,080 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Datadog by 20.7% during the 3rd quarter. CIBC Asset Management Inc now owns 178,800 shares of the company’s stock worth $25,461,000 after acquiring an additional 30,720 shares during the period. Sagespring Wealth Partners LLC boosted its position in shares of Datadog by 25.6% in the third quarter. Sagespring Wealth Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after acquiring an additional 693 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Datadog in the third quarter valued at approximately $4,242,000. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Datadog by 0.7% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 108,100 shares of the company’s stock valued at $15,393,000 after purchasing an additional 700 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

DDOG stock opened at $140.56 on Thursday. The firm has a market cap of $49.29 billion, a P/E ratio of 453.42, a price-to-earnings-growth 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. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The stock has a 50-day simple moving average of $140.71 and a 200-day simple moving average of $145.52.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the business earned $0.46 EPS. Datadog’s quarterly 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. On average, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $96,633,802.44. This represents a 15.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares of the company’s stock, valued at $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,071,709 shares of company stock worth $192,590,597. 8.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DDOG shares. BMO Capital Markets lifted their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Truist Financial reduced their target price on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, January 7th. DA Davidson upped their price target on Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Citigroup cut their price objective on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Finally, Arete Research boosted their target price on Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Thirty-five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.92.

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.