IFP Advisors Inc Sells 1,877 Shares of Datadog, Inc. $DDOG

IFP Advisors Inc reduced its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 11.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,343 shares of the company's stock after selling 1,877 shares during the quarter. IFP Advisors Inc's holdings in Datadog were worth $1,927,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DDOG. Goldman Sachs Group Inc. raised its holdings in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Brown Advisory Inc. raised its holdings in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after acquiring an additional 2,103,838 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after acquiring an additional 1,369,522 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Datadog in the second quarter worth about $177,050,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after purchasing an additional 1,261,065 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Weiss Ratings reiterated a "sell (d+)" rating on shares of Datadog in a report on Wednesday. Cantor Fitzgerald boosted their target price on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Morgan Stanley boosted their target price on shares of Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Citigroup boosted their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Finally, Canaccord Genuity Group boosted their target price on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Twenty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $158.46.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the sale, the chief technology officer owned 438,885 shares in the company, valued at $66,245,301.90. This represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares in the company, valued at approximately $246,131.20. This represents a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,565,843 shares of company stock worth $212,946,080 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

Datadog Price Performance

Shares of DDOG stock opened at $158.74 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 453.56, a PEG ratio of 62.11 and a beta of 1.21. 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's 50-day simple moving average is $138.06 and its 200-day simple moving average is $125.34.

Datadog (NASDAQ:DDOG - Get Free Report) last issued 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 analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm 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, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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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