Armistice Capital LLC Boosts Stock 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% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,000 shares of the company's stock after buying an additional 48,213 shares during the quarter. Armistice Capital LLC owned approximately 0.07% of Datadog worth $23,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DDOG. Brighton Jones LLC bought a new stake in Datadog during the 4th quarter valued at about $209,000. Dimensional Fund Advisors LP lifted its holdings in Datadog by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 368,049 shares of the company's stock valued at $52,593,000 after buying an additional 30,941 shares in the last quarter. Bison Wealth LLC purchased a new position in Datadog during the 4th quarter valued at about $228,000. Itau Unibanco Holding S.A. increased its position in Datadog by 417.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock valued at $46,000 after purchasing an additional 259 shares during the period. Finally, Aristeia Capital L.L.C. purchased a new position in Datadog during the 4th quarter valued at about $8,424,000. Institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,505,813 shares of company stock worth $195,879,679. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

DDOG has been the topic of a number of research reports. UBS Group set a $165.00 target price on shares of Datadog and gave the company a "buy" rating in a research report on Thursday, August 7th. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research report on Thursday, June 12th. Mizuho raised their target price 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. Barclays set a $170.00 target price on shares of Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Monness Crespi & Hardt boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Stock Up 2.7%

Shares of DDOG traded up $3.55 during mid-day trading on Friday, hitting $135.33. 2,069,433 shares of the company's stock were exchanged, compared to its average volume of 5,815,073. The company has a market cap of $47.19 billion, a price-to-earnings ratio of 386.51, a P/E/G ratio of 54.69 and a beta of 1.10. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. 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 stock's 50-day moving average is $137.70 and its 200-day moving average is $119.36.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results 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 firm had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior 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, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal 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.