Allstate Corp Raises Stock Position in Datadog, Inc. $DDOG

Key Points

• Allstate Corp has increased its holdings in Datadog, Inc. by 48.8% during the first quarter, now owning 12,282 shares worth $1.2 million.
• Datadog reported a quarterly earnings per share (EPS) of $0.46, surpassing estimates and revealing a 28.1% year-over-year revenue increase to $826.76 million.
• Several analysts have upgraded their price objectives for Datadog, with a consensus price target of $153.10 and most analysts rating the stock as a "Buy".

Allstate Corp increased its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 48.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,282 shares of the company's stock after purchasing an additional 4,028 shares during the period. Allstate Corp's holdings in Datadog were worth $1,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC grew its stake in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new position in shares of Datadog during the first quarter worth $30,000. Putney Financial Group LLC acquired a new position in shares of Datadog during the fourth quarter worth $32,000. Finally, Elequin Capital LP acquired a new position in shares of Datadog during the fourth quarter worth $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $130.38, for a total value of $4,292,500.74. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares of the company's stock, valued at approximately $71,541,461.70. This trade represents a 5.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,924 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the transaction, the director directly owned 380,281 shares of the company's stock, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,613,650 shares of company stock valued at $206,313,892 over the last 90 days. Insiders own 8.70% of the company's stock.

Datadog Stock Performance

NASDAQ:DDOG traded down $2.97 during mid-day trading on Friday, reaching $137.99. The stock had a trading volume of 2,166,858 shares, compared to its average volume of 5,855,350. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a market capitalization of $48.12 billion, a price-to-earnings ratio of 394.55, a PEG ratio of 54.33 and a beta of 1.02. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The business has a 50 day simple moving average of $137.24 and a 200 day simple moving average of $119.50.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm 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 firm's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DDOG. Guggenheim reiterated a "sell" rating and set a $105.00 target price on shares of Datadog in a research note on Tuesday, July 8th. Barclays set a $170.00 price objective on Datadog and gave the stock an "overweight" rating in a report on Thursday, August 7th. Canaccord Genuity Group raised their price objective on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Finally, BTIG Research set a $136.00 price objective on Datadog and gave the stock a "buy" rating in a report on Tuesday, May 6th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Datadog 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.