18,885 Shares in Datadog, Inc. $DDOG Purchased by Hartford Investment Management Co.

Hartford Investment Management Co. purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 18,885 shares of the company’s stock, valued at approximately $2,689,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nilsine Partners LLC grew its position in Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after buying an additional 78 shares during the period. PDS Planning Inc raised its holdings in Datadog by 4.2% in the 3rd quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock worth $281,000 after purchasing an additional 80 shares during the period. Ameritas Investment Partners Inc. boosted its position in Datadog by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after purchasing an additional 82 shares in the last quarter. Prostatis Group LLC lifted its position in shares of Datadog by 4.6% during the 3rd quarter. Prostatis Group LLC now owns 1,958 shares of the company’s stock valued at $279,000 after buying an additional 87 shares in the last quarter. Finally, STF Management LP increased its holdings in Datadog by 2.3% in the 2nd quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,041,445 shares of company stock valued at $186,887,631 in the last three months. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG stock opened at $119.66 on Wednesday. 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 market cap of $41.96 billion, a P/E ratio of 386.00, a P/E/G ratio of 23.02 and a beta of 1.27. The firm’s 50 day moving average price is $138.14 and its 200-day moving average price is $145.13. Datadog, Inc. has a one year low of $81.63 and a one year 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. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The firm’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. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

DDOG has been the topic of several research analyst reports. Oppenheimer lifted their price objective on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a report on Wednesday, January 21st. Canaccord Genuity Group decreased their price target on shares of Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Mizuho dropped their price target on Datadog from $200.00 to $170.00 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Finally, KeyCorp cut their target price on 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 assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $189.36.

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.