Alight Capital Management LP Has $992,000 Position in Datadog, Inc. $DDOG

Key Points

• Alight Capital Management LP has significantly reduced its stake in Datadog by 75%, now owning only 10,000 shares worth approximately $992,000.
• Multiple institutional investors have recently entered or increased their positions in Datadog, with institutional ownership now at 78.29%.
• Datadog reported a quarterly earnings surpassing estimates, with revenue of $826.76 million and a year-over-year growth of 28.1%.

Alight Capital Management LP lessened its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 75.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,000 shares of the company's stock after selling 30,000 shares during the period. Alight Capital Management LP's holdings in Datadog were worth $992,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after acquiring an additional 3,760 shares during the period. Motley Fool Asset Management LLC boosted its stake in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after buying an additional 22,818 shares during the period. LBP AM SA boosted its stake in shares of Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after buying an additional 120,343 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after buying an additional 156,152 shares during the period. Finally, Total Wealth Planning & Management Inc. bought a new stake in shares of Datadog in the fourth quarter valued at approximately $314,000. Institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DDOG shares. Jefferies Financial Group boosted their price target on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Needham & Company LLC reiterated a "buy" rating and issued a $175.00 price target on shares of Datadog in a research note on Thursday, August 14th. Stifel Nicolaus boosted their price target on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research note on Thursday, June 26th. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Thursday, June 12th. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Twenty-four 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Price Performance

Shares of NASDAQ:DDOG traded up $4.30 during trading on Friday, hitting $136.08. 4,850,494 shares of the company were exchanged, compared to its average volume of 4,973,756. The business's 50 day moving average is $137.78 and its 200-day moving average is $119.34. The company has a market capitalization of $47.46 billion, a P/E ratio of 388.81, a price-to-earnings-growth ratio of 54.78 and a beta of 1.10. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

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

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the sale, the chief executive officer owned 548,715 shares in the company, valued at $66,784,102.65. This trade represents a 16.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,505,813 shares of company stock worth $195,879,679. Corporate insiders own 8.70% of the company's stock.

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.