15,560 Shares in Datadog, Inc. $DDOG Acquired by Securian Asset Management Inc.

Securian Asset Management Inc. acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,560 shares of the company’s stock, valued at approximately $2,216,000.

Other hedge funds also recently made changes to their positions in the company. Tripletail Wealth Management LLC purchased a new position in shares of Datadog in the third quarter valued at $28,000. Interchange Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter worth $42,000. SJS Investment Consulting Inc. lifted its holdings in Datadog by 3,181.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 361 shares of the company’s stock worth $51,000 after buying an additional 350 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Datadog in the 2nd quarter valued at about $55,000. Finally, True Wealth Design LLC boosted its position in Datadog by 679.1% in the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after buying an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity

In related news, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This represents a 96.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares in the company, valued at approximately $78,336,921.39. This trade represents a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,091,237 shares of company stock valued at $195,954,762. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DDOG shares. Wells Fargo & Company lifted their target price on Datadog from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. BNP Paribas Exane raised their price objective on Datadog from $160.00 to $210.00 in a research note on Friday, November 7th. Evercore ISI upped their target price on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. BMO Capital Markets increased their target price on Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Finally, Arete Research raised their price target on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Thirty-three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $203.87.

Datadog Price Performance

Shares of DDOG opened at $141.45 on Thursday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. 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 market cap of $49.60 billion, a price-to-earnings ratio of 456.29, a PEG ratio of 25.41 and a beta of 1.26. The stock has a 50 day moving average of $155.95 and a 200-day moving average of $146.75.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (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 analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.During the same period last year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter 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. As a group, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current 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.