Fortis Capital Advisors LLC Invests $602,000 in Datadog, Inc. $DDOG

Key Points

• Fortis Capital Advisors LLC invested approximately $602,000 in Datadog, purchasing 4,482 shares of the company in the second quarter.
• Datadog reported an Earnings Per Share (EPS) of $0.46 for the last quarter, exceeding analyst estimates of $0.41, with revenues of $826.76 million—a 28.1% increase year-over-year.
• The stock has received mostly positive ratings from analysts, with 25 "Buy" ratings, resulting in a current average target price of $156.69.

Fortis Capital Advisors LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,482 shares of the company's stock, valued at approximately $602,000.

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Brighton Jones LLC purchased a new stake in Datadog during the 4th quarter worth $209,000. Bison Wealth LLC purchased a new stake in Datadog during the 4th quarter worth $228,000. GAMMA Investing LLC boosted its position in Datadog by 9,984.3% during the 1st quarter. GAMMA Investing LLC now owns 79,666 shares of the company's stock worth $7,904,000 after purchasing an additional 78,876 shares during the period. Merit Financial Group LLC boosted its position in Datadog by 228.8% during the 1st quarter. Merit Financial Group LLC now owns 7,898 shares of the company's stock worth $784,000 after purchasing an additional 5,496 shares during the period. Finally, RFG Advisory LLC boosted its position in Datadog by 42.4% during the 1st quarter. RFG Advisory LLC now owns 2,904 shares of the company's stock worth $288,000 after purchasing an additional 865 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DDOG. Stifel Nicolaus upped their price target on shares of Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Barclays set a $170.00 price objective on shares of Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Jefferies Financial Group upped their price objective on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, BMO Capital Markets upped their price objective on shares of Datadog from $150.00 to $154.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Twenty-five 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $156.69.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $151.82 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm's 50-day moving average price is $136.59 and its two-hundred day moving average price is $123.52. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock has a market capitalization of $52.95 billion, a P/E ratio of 433.78, a P/E/G ratio of 59.40 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly 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. The company 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%. Datadog's revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.78, for a total transaction of $1,090,666.48. Following the sale, the director owned 372,365 shares of the company's stock, valued at approximately $51,304,449.70. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $137.94, for a total value of $1,544,238.30. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $73,571,402.52. This trade represents a 2.06% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,384,618 shares of company stock valued at $183,444,843. Company insiders own 8.70% of the company's stock.

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.

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