Leo Wealth LLC Buys Shares of 2,012 Datadog, Inc. $DDOG

Key Points

• Leo Wealth LLC purchased 2,012 shares of Datadog, Inc. (NASDAQ:DDOG) valued at approximately $270,000 in the second quarter.
• Wall Street analysts are optimistic, with a consensus target price of $158.46 for DDOG shares, and many firms have increased their price targets recently, with some recommending a "buy" rating.
• Insider transactions include CEO Olivier Pomel selling over 63,000 shares for about $10.55 million, indicating a 10.70% decrease in ownership.

Leo Wealth LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 2,012 shares of the company's stock, valued at approximately $270,000.

Other institutional investors also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in Datadog in the 1st quarter valued at about $30,000. Cornerstone Planning Group LLC grew its position in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Datadog in the 1st quarter valued at about $37,000. Center for Financial Planning Inc. grew its position in Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after acquiring an additional 345 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in Datadog in the 1st quarter valued at about $39,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DDOG shares. DA Davidson boosted their price objective on Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Needham & Company LLC reissued a "buy" rating and set a $175.00 price objective on shares of Datadog in a research report on Thursday, August 14th. Wells Fargo & Company started coverage on Datadog in a research report on Tuesday, September 30th. They set an "overweight" rating and a $190.00 price objective for the company. Morgan Stanley boosted their price objective on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Finally, Citigroup boosted their price objective on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.46.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the 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 completion of the sale, the chief executive officer directly owned 533,358 shares of the company's stock, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.94, for a total value of $6,259,179.92. Following the completion of the sale, the chief technology officer directly owned 438,885 shares of the company's stock, valued at $66,245,301.90. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,565,843 shares of company stock valued at $212,946,080 over the last ninety days. 8.70% of the stock is owned by insiders.

Datadog Stock Performance

Shares of DDOG opened at $158.74 on Friday. The stock has a 50 day moving average price of $138.06 and a 200 day moving average price of $125.22. 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 company has a market capitalization of $55.36 billion, a price-to-earnings ratio of 453.56, a price-to-earnings-growth ratio of 64.19 and a beta of 1.21. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog 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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