Alta Advisers Ltd Takes $235,000 Position in Datadog, Inc. $DDOG

Key Points

• Alta Advisers Ltd has acquired a new stake in Datadog, Inc., purchasing 1,751 shares valued at approximately $235,000 during the 2nd quarter.
• Analysts have a generally positive outlook on Datadog, raising price targets and maintaining a consensus rating of "Moderate Buy" with a target price of $158.46.
• In recent insider trading, CTO Alexis Le-Quoc and Director Amit Agarwal sold significant amounts of stock, with total shares sold by insiders reaching $212,946,080 over the last ninety days.

Alta Advisers Ltd acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,751 shares of the company's stock, valued at approximately $235,000.

Other large investors have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after acquiring an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new stake in Datadog during the first quarter worth $30,000. Opal Wealth Advisors LLC acquired a new stake in Datadog during the first quarter valued at $37,000. Finally, Center for Financial Planning Inc. grew its position in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after buying an additional 345 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on DDOG shares. Cantor Fitzgerald raised 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. DA Davidson raised their price target on shares of Datadog from $170.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. Needham & Company LLC restated a "buy" rating and set a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. Canaccord Genuity Group raised their price target on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Mizuho raised their price target on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twenty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $158.46.

Datadog Stock Performance

DDOG opened at $158.74 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $55.36 billion, a price-to-earnings ratio of 453.56, a PEG ratio of 62.11 and a beta of 1.21. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm's fifty day simple moving average is $138.06 and its two-hundred day simple moving average is $125.34.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million for 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 was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $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 anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction dated Wednesday, October 1st. The shares were 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 in the company, valued at $66,245,301.90. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction dated 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 $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,565,843 shares of company stock valued at $212,946,080 over the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

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.

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