Allegiance Financial Group Advisory Services LLC Invests $280,000 in Datadog, Inc. $DDOG

Key Points

• Allegiance Financial Group Advisory Services LLC invested approximately $280,000 in Datadog, Inc. by acquiring 2,082 shares in the second quarter.
• Several large investors, including Motley Fool Asset Management and BNP PARIBAS ASSET MANAGEMENT, significantly increased their holdings in Datadog during the first quarter of 2023.
• Datadog's stock has received positive ratings from analysts, with price targets raised by multiple firms, including Bank of America and DA Davidson, indicating a strong outlook for the company.

Allegiance Financial Group Advisory Services LLC acquired 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 Securities and Exchange Commission. The firm acquired 2,082 shares of the company's stock, valued at approximately $280,000.

Other large investors also recently modified their holdings of the company. Motley Fool Asset Management LLC grew its position in shares of Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after buying an additional 22,818 shares during the period. LBP AM SA grew its position in Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares during the period. Envestnet Asset Management Inc. grew its position in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock valued at $9,032,000 after purchasing an additional 58,369 shares during the period. Finally, Mizuho Markets Americas LLC acquired a new stake in Datadog in the 1st quarter valued at $15,526,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling

In related news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the sale, the director owned 372,365 shares of the company's stock, valued at approximately $51,304,449.70. This trade represents a 2.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the completion of the sale, the chief technology officer directly owned 438,885 shares of the company's stock, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,443,361 shares of company stock worth $193,083,012 in the last quarter. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DDOG has been the subject of several research reports. Bank of America lifted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein lifted their price target on shares of Datadog from $147.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday. Wells Fargo & Company initiated coverage on shares of Datadog in a research report on Tuesday, September 30th. They issued an "overweight" rating and a $190.00 price target for the company. Cantor Fitzgerald lifted their price target on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, DA Davidson raised their price objective on Datadog from $170.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Twenty-four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $157.61.

Datadog Trading Up 6.2%

NASDAQ DDOG opened at $164.12 on Thursday. The stock has a market capitalization of $57.24 billion, a price-to-earnings ratio of 468.93, a PEG ratio of 60.46 and a beta of 1.21. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The business's fifty day moving average is $137.11 and its 200-day moving average is $124.51.

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

Datadog Company Profile

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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