Arista Wealth Management LLC Makes New Investment in Datadog, Inc. $DDOG

Key Points

• Arista Wealth Management LLC has acquired a new position in Datadog, purchasing 5,962 shares valued at approximately $801,000 in the second quarter.
• Datadog's CEO Olivier Pomel sold 63,939 shares at an average price of $165.02, which resulted in a 10.70% decrease in his position.
• The company's recent quarterly earnings showed a revenue increase of 28.1% year-over-year, reporting $826.76 million against analysts' expectations of $791.72 million.

Arista Wealth Management LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,962 shares of the company's stock, valued at approximately $801,000.

Other institutional investors also recently modified their holdings of the company. Interchange Capital Partners LLC acquired a new position in shares of Datadog in the second quarter valued at approximately $42,000. Generali Asset Management SPA SGR raised its position in shares of Datadog by 1.2% in the second quarter. Generali Asset Management SPA SGR now owns 10,797 shares of the company's stock valued at $1,450,000 after purchasing an additional 131 shares during the period. J.Safra Asset Management Corp grew its stake in shares of Datadog by 22.5% in the second quarter. J.Safra Asset Management Corp now owns 2,061 shares of the company's stock valued at $272,000 after acquiring an additional 379 shares in the last quarter. Bayforest Capital Ltd grew its stake in shares of Datadog by 3.7% in the second quarter. Bayforest Capital Ltd now owns 4,177 shares of the company's stock valued at $561,000 after acquiring an additional 150 shares in the last quarter. Finally, Sagespring Wealth Partners LLC acquired a new stake in Datadog during the second quarter worth about $363,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares of the company's stock, valued at $88,014,737.16. The trade was a 10.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on 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 in the company, valued at approximately $66,245,301.90. The trade was a 8.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,491,232 shares of company stock worth $202,904,731 in the last three months. Corporate insiders own 8.70% of the company's stock.

Datadog Price Performance

DDOG opened at $151.17 on Friday. The stock has a fifty day simple moving average of $139.87 and a two-hundred day simple moving average of $126.76. 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 $52.72 billion, a price-to-earnings ratio of 431.93, a price-to-earnings-growth ratio of 62.61 and a beta of 1.21. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate 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%.Datadog'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. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of Datadog in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price objective on shares of Datadog from $147.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price target on shares of Datadog from $160.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $175.00 target price on shares of Datadog in a report on Thursday, August 14th. Finally, Stifel Nicolaus lifted their target price on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Thursday, June 26th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $160.21.

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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