Y Intercept Hong Kong Ltd Invests $4.24 Million in Datadog, Inc. $DDOG

Y Intercept Hong Kong Ltd purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 29,788 shares of the company’s stock, valued at approximately $4,242,000.

A number of other institutional investors have also modified their holdings of DDOG. Mn Services Vermogensbeheer B.V. raised its stake in Datadog by 0.7% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 108,100 shares of the company’s stock worth $15,393,000 after acquiring an additional 700 shares during the period. UniSuper Management Pty Ltd grew its holdings in shares of Datadog by 1,313.8% during the third quarter. UniSuper Management Pty Ltd now owns 67,864 shares of the company’s stock valued at $9,664,000 after purchasing an additional 63,064 shares during the last quarter. Birch Financial Group LLC raised its position in shares of Datadog by 8.6% during the 3rd quarter. Birch Financial Group LLC now owns 1,695 shares of the company’s stock worth $241,000 after purchasing an additional 134 shares during the period. Westfuller Advisors LLC bought a new stake in shares of Datadog in the 3rd quarter worth approximately $90,000. Finally, Probity Advisors Inc. acquired a new position in Datadog during the 3rd quarter valued at approximately $256,000. Institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In other Datadog news, insider Yanbing Li sold 6,715 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,064,999.00. Following the sale, the insider directly owned 199,394 shares in the company, valued at approximately $31,623,888.40. The trade was a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 43,106 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the completion of the sale, the chief technology officer directly owned 301,458 shares of the company’s stock, valued at $40,374,269.94. The trade was a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,071,709 shares of company stock valued at $192,590,597. 8.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DDOG has been the topic of several analyst reports. Arete Research increased their target price on Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Barclays lowered their price target on shares of Datadog from $215.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Jefferies Financial Group cut their price objective on shares of Datadog from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Moffett Nathanson reissued a “buy” rating on shares of Datadog in a research note on Monday, December 29th. Finally, BTIG Research raised their price target on shares of Datadog from $184.00 to $221.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Thirty-four equities 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. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $192.95.

Datadog Trading Down 0.9%

Datadog stock opened at $130.13 on Monday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market capitalization of $45.63 billion, a PE ratio of 419.77, a price-to-earnings-growth ratio of 23.21 and a beta of 1.26. The firm has a 50 day simple moving average of $143.06 and a 200-day simple moving average of $145.56.

Datadog (NASDAQ:DDOG) last released its 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. The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 earnings per share. 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 expect 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.