Armistice Capital LLC Grows Position in Datadog, Inc. $DDOG

Key Points

• Armistice Capital LLC has increased its stake in Datadog, Inc. by 25.1%, acquiring an additional 48,213 shares, and now holds a total of 240,000 shares worth approximately $23.81 million.
• Institutional investors collectively own 78.29% of Datadog's stock, with significant increases from firms like OVERSEA CHINESE BANKING Corp Ltd and Cornerstone Planning Group LLC.
• Datadog recently reported earnings of $0.46 per share, surpassing estimates, with a revenue of $826.76 million, marking a 28.1% increase from the previous year.

Armistice Capital LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 240,000 shares of the company's stock after purchasing an additional 48,213 shares during the period. Armistice Capital LLC owned approximately 0.07% of Datadog worth $23,810,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after purchasing an additional 3,760 shares during the last quarter. Motley Fool Asset Management LLC grew its position in 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 purchasing an additional 22,818 shares during the last quarter. LBP AM SA grew its position in Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after purchasing an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in Datadog during the 4th quarter worth approximately $314,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 41,468 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $139.27, for a total transaction of $5,775,248.36. Following the completion of the sale, the chief technology officer owned 452,769 shares of the company's stock, valued at $63,057,138.63. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the sale, the chief executive officer directly owned 548,715 shares of the company's stock, valued at $66,784,102.65. The trade was a 16.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,370,322 shares of company stock worth $177,758,990. Company insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DDOG. UBS Group set a $165.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Barclays set a $170.00 price objective on shares of Datadog and gave the company an "overweight" rating in a research note on Thursday, August 7th. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Mizuho lifted their price objective on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, BTIG Research set a $136.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday, May 6th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Price Performance

NASDAQ:DDOG traded down $2.09 during trading hours on Wednesday, reaching $132.60. 3,717,901 shares of the company were exchanged, compared to its average volume of 5,877,499. 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 stock's 50-day moving average is $137.64 and its 200-day moving average is $119.27. The firm has a market cap of $46.24 billion, a PE ratio of 325.43, a price-to-earnings-growth ratio of 56.37 and a beta of 1.10. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the business 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. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.