4,482 Shares in Datadog, Inc. $DDOG Purchased by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC purchased 4,482 shares of Datadog, Inc. for approximately $602,000, adding to the trend of institutional investment in the company.
• Several analysts have given Datadog a Moderate Buy consensus rating, with price targets ranging from $105.00 to $170.00.
• Recent insider trading shows notable sales by Director Amit Agarwal and CEO Olivier Pomel, with total insider sales exceeding $212 million in the last 90 days.

Belpointe Asset Management LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,482 shares of the company's stock, valued at approximately $602,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. AWM Capital LLC bought a new stake in shares of Datadog during the 2nd quarter worth about $269,000. Valeo Financial Advisors LLC boosted its holdings in shares of Datadog by 9.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,316 shares of the company's stock worth $580,000 after buying an additional 361 shares during the period. DAVENPORT & Co LLC boosted its holdings in shares of Datadog by 15.9% during the 2nd quarter. DAVENPORT & Co LLC now owns 7,023 shares of the company's stock worth $943,000 after buying an additional 965 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of Datadog during the 2nd quarter worth about $271,000. Finally, Quent Capital LLC boosted its holdings in shares of Datadog by 3,129.9% during the 2nd quarter. Quent Capital LLC now owns 42,085 shares of the company's stock worth $5,653,000 after buying an additional 40,782 shares during the period. Institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DDOG shares. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a report on Thursday, June 12th. Guggenheim reiterated a "sell" rating and issued a $105.00 price objective on shares of Datadog in a research note on Tuesday, July 8th. Scotiabank reiterated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Stifel Nicolaus lifted their price objective on shares of Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Thursday, June 26th. Finally, Barclays set a $170.00 price objective on shares of Datadog and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $158.46.

Insider Activity

In other news, Director Amit Agarwal sold 45,444 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares of the company's stock, valued at approximately $246,131.20. This represents a 96.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the company's stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer directly owned 533,358 shares of the company's stock, valued at approximately $88,014,737.16. This trade represents a 10.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,565,843 shares of company stock worth $212,946,080. Insiders own 8.70% of the company's stock.

Datadog Stock Performance

Shares of Datadog stock opened at $164.07 on Friday. The company has a 50 day moving average of $137.59 and a 200-day moving average of $124.89. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $57.22 billion, a PE ratio of 468.78, a price-to-earnings-growth ratio of 64.21 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the prior year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

About Datadog

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.

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