Calamos Wealth Management LLC Decreases Stake in Datadog, Inc. $DDOG

Key Points

• Calamos Wealth Management LLC cut its stake in Datadog, Inc. by 33.6% in Q2, selling 65,924 shares and leaving them with 130,390 shares valued at approximately $17.5 million.
• Various other institutional investors have adjusted their holdings, with some increasing their stakes, resulting in hedge funds owning 78.29% of Datadog stock.
• Director Michael James Callahan sold 91,667 shares of the company, decreasing his ownership by 88%, while CTO Alexis Le-Quoc also reduced his position by 11.2% with the sale of 55,352 shares.

Calamos Wealth Management LLC reduced its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 33.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,390 shares of the company's stock after selling 65,924 shares during the period. Datadog makes up 0.7% of Calamos Wealth Management LLC's holdings, making the stock its 28th biggest position. Calamos Wealth Management LLC's holdings in Datadog were worth $17,515,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. V Square Quantitative Management LLC lifted its stake in shares of Datadog by 13.8% in the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company's stock worth $81,000 after buying an additional 73 shares in the last quarter. Biltmore Wealth Management LLC lifted its stake in shares of Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock worth $769,000 after buying an additional 86 shares in the last quarter. Emerald Advisers LLC increased its position in Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership increased its position in Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after purchasing an additional 99 shares during the last quarter. Finally, Covestor Ltd increased its position in Datadog by 8.9% during the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after purchasing an additional 113 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In related news, Director Michael James Callahan sold 91,667 shares of Datadog stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the transaction, the director owned 12,496 shares in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog 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 completion of the transaction, the chief technology officer owned 438,885 shares of the company's stock, valued at $58,735,979.55. This represents a 11.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,491,232 shares of company stock valued at $202,904,731. 8.70% of the stock is owned by corporate insiders.

Datadog Trading Up 1.1%

Shares of DDOG stock opened at $152.87 on Friday. 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 has a market capitalization of $53.31 billion, a P/E ratio of 436.78, a price-to-earnings-growth ratio of 59.81 and a beta of 1.21. The company has a 50 day moving average price of $140.31 and a 200 day moving average price of $127.29. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share 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 analysts' expectations 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 quarter in the previous 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. Equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DDOG. Mizuho raised their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday. Capital One Financial raised their price objective on shares of Datadog from $149.00 to $179.00 in a research report on Thursday. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Jefferies Financial Group raised their price objective on shares of Datadog from $160.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 14th. Finally, Cantor Fitzgerald lifted 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. Twenty-six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $162.37.

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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