Clear Creek Financial Management LLC Acquires 1,815 Shares of Datadog, Inc. $DDOG

Clear Creek Financial Management LLC raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 41.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,208 shares of the company's stock after purchasing an additional 1,815 shares during the period. Clear Creek Financial Management LLC's holdings in Datadog were worth $834,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DDOG. OVERSEA CHINESE BANKING Corp Ltd raised its position 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 worth $25,000 after acquiring an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Datadog in the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new position in shares of Datadog in the 1st quarter worth approximately $37,000. Finally, Center for Financial Planning Inc. raised its position in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock worth $37,000 after acquiring an additional 345 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DDOG shares. Morgan Stanley increased their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Bank of America increased their target price on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Needham & Company LLC restated a "buy" rating and issued a $175.00 price target on shares of Datadog in a research note on Thursday, August 14th. Cantor Fitzgerald upped their price target on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Datadog in a research note on Wednesday. Twenty-four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average target price of $158.46.

Datadog Stock Performance

Shares of DDOG opened at $158.74 on Friday. The business's fifty day simple moving average is $138.06 and its two-hundred day simple moving average is $125.22. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a market cap of $55.36 billion, a price-to-earnings ratio of 453.56, a P/E/G ratio of 64.19 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the business posted $0.43 EPS. The company's revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 45,444 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the sale, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the stock in a transaction 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 sale, the director owned 12,496 shares in the company, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,565,843 shares of company stock valued at $212,946,080. 8.70% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.