United Asset Strategies Inc. Boosts Holdings in Datadog, Inc. $DDOG

Key Points

• United Asset Strategies Inc. increased its holdings in Datadog, Inc. by 10.6%, acquiring 2,162 additional shares, bringing its total ownership to 22,490 shares valued at approximately $2.23 million.
• Major institutional investors have also raised their stakes, with Vanguard Group increasing holdings by 3.5% and Goldman Sachs Group growing by 259.7% in the first quarter of 2023.
• Analysts are optimistic about Datadog's future performance, with a consensus average target price of $153.10 and 24 analysts rating it as a Buy.

United Asset Strategies Inc. grew its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 10.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,490 shares of the company's stock after acquiring an additional 2,162 shares during the quarter. United Asset Strategies Inc.'s holdings in Datadog were worth $2,231,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in 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 purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of Datadog in the first quarter worth $30,000. Putney Financial Group LLC acquired a new stake in shares of Datadog during the fourth quarter worth $32,000. Finally, Elequin Capital LP purchased a new stake in shares of Datadog during the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 9,469 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $150.00, for a total transaction of $1,420,350.00. Following the sale, the executive directly owned 212,324 shares in the company, valued at $31,848,600. This trade represents a 4.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $134.47, for a total value of $5,576,201.96. Following the completion of the transaction, the chief technology officer owned 452,769 shares of the company's stock, valued at approximately $60,883,847.43. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 846,051 shares of company stock worth $107,936,283. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank restated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Bank of America increased their price objective on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wells Fargo & Company reduced their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Rosenblatt Securities dropped their target price on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Finally, Cantor Fitzgerald increased their price target on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Stock Performance

DDOG stock traded up $2.07 during trading on Friday, hitting $131.22. 3,826,266 shares of the company traded hands, compared to its average volume of 6,020,662. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a market cap of $45.76 billion, a PE ratio of 374.92, a P/E/G ratio of 54.12 and a beta of 1.02. The stock's 50-day simple moving average is $136.83 and its 200 day simple moving average is $119.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $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. On average, equities analysts expect 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.