Cwm LLC Raises Position in Datadog, Inc. $DDOG

Key Points

• Cwm LLC increased its holdings in Datadog, Inc. by 325.2% in Q2, bringing its total shares to 55,680 worth approximately $7.5 million.
• Insider trades showed significant sales, with CEO Olivier Pomel selling 63,939 shares and Director Michael James Callahan selling 91,667 shares, indicating a decrease in their ownership by 10.70% and 88.00% respectively.
• Analysts are optimistic, with a consensus rating of "Moderate Buy" and increasing target prices, suggesting a strong growth outlook for Datadog's stock.

Cwm LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 325.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,680 shares of the company's stock after purchasing an additional 42,585 shares during the period. Cwm LLC's holdings in Datadog were worth $7,479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new position in Datadog in the first quarter valued at about $30,000. Opal Wealth Advisors LLC purchased a new position in Datadog in the first quarter valued at about $37,000. Finally, Center for Financial Planning Inc. boosted its holdings in Datadog by 1,189.7% in the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after purchasing an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 63,939 shares of the firm's 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 directly owned 533,358 shares in the company, valued at $88,014,737.16. This trade represents a 10.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the firm's 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 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. Insiders have sold 1,474,983 shares of company stock valued at $200,279,885 in the last quarter. 8.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Morgan Stanley increased their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Jefferies Financial Group increased their target price on Datadog from $160.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday. Barclays set a $170.00 target price on Datadog and gave the stock an "overweight" rating in a report on Thursday, August 7th. Finally, Sanford C. Bernstein increased their target price on Datadog from $147.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, October 8th. Twenty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $159.54.

Datadog Stock Down 2.0%

Shares of Datadog stock opened at $160.88 on Wednesday. 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 business's 50 day simple moving average is $139.12 and its 200-day simple moving average is $126.17. The stock has a market capitalization of $56.11 billion, a price-to-earnings ratio of 459.67, a PEG ratio of 64.24 and a beta of 1.21. 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 announced its quarterly 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 business 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%.The business's quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. 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 forecast that Datadog, Inc. will post 0.34 earnings per share for the current 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.

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