Janney Montgomery Scott LLC Purchases 2,087 Shares of Datadog, Inc. $DDOG

Key Points

• Janney Montgomery Scott LLC increased its stake in Datadog, Inc. by 25.4%, acquiring an additional 2,087 shares during the second quarter, bringing their total holdings to 10,313 shares valued at approximately $1.385 million.
• Several analysts have raised their price targets for Datadog, with Bank of America setting a new target at $175.00 and the consensus price target now at $158.46.
• Insider trading showed significant selling activity, with Director Michael James Callahan offloading 91,667 shares, representing an 88% decrease in his position, while total insider sales reached $201.4 million in the last quarter.

Janney Montgomery Scott LLC boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 25.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,313 shares of the company's stock after buying an additional 2,087 shares during the period. Janney Montgomery Scott LLC's holdings in Datadog were worth $1,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Datadog by 96.9% during 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 period. Costello Asset Management INC purchased a new stake in Datadog during the first quarter worth $30,000. Opal Wealth Advisors LLC purchased a new stake in Datadog during the first quarter worth $37,000. Finally, Center for Financial Planning Inc. lifted its holdings in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock worth $37,000 after buying an additional 345 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDOG shares. Stifel Nicolaus upped their target price on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Thursday, June 26th. Citigroup increased their price objective on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 18th. 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. Canaccord Genuity Group increased their price objective on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, BMO Capital Markets increased their price objective on Datadog from $150.00 to $154.00 and gave the company an "outperform" rating in a report on Monday, September 29th. Twenty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $158.46.

Datadog Stock Performance

Shares of DDOG stock opened at $158.74 on Monday. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 453.56, a price-to-earnings-growth ratio of 62.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The business has a fifty day moving average of $138.06 and a 200 day moving average of $125.48. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during 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 firm's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last 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. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other Datadog news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the sale, the director directly owned 12,496 shares of the company's stock, valued at approximately $1,969,369.60. This trade represents a 88.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the sale, the director directly owned 1,640 shares in the company, valued at $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,482,907 shares of company stock valued at $201,395,584 over the last quarter. 8.70% of the stock is currently owned by company insiders.

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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