PDS Planning Inc Acquires Shares of 1,895 Datadog, Inc. $DDOG

Key Points

• PDS Planning Inc has acquired 1,895 shares of Datadog, Inc., valued at approximately $255,000, according to their latest 13F filing.
• CEO Olivier Pomel and Director Michael James Callahan sold significant amounts of their stocks, indicating a 10.70% and 88.00% decrease in their ownership, respectively.
• Datadog reported a 28.1% year-over-year revenue growth for the last quarter, achieving $826.76 million in revenue and beating analyst estimates.

PDS Planning Inc acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,895 shares of the company's stock, valued at approximately $255,000.

Other hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after acquiring an additional 22,646 shares during the period. Cornerstone Planning Group LLC increased its position in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC purchased a new position in shares of Datadog in the first quarter valued at about $30,000. Opal Wealth Advisors LLC purchased a new position in shares of Datadog in the first quarter valued at about $37,000. Finally, Center for Financial Planning Inc. increased its position in shares of Datadog by 1,189.7% in the first 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 during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 63,939 shares of the business's stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares of the company's stock, valued at $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael James Callahan sold 91,667 shares of the business's 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 in the company, valued at $1,969,369.60. The trade was a 88.00% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,482,907 shares of company stock worth $201,395,584. Insiders own 8.70% of the company's stock.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $158.74 on Monday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. 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 company's 50-day moving average is $138.06 and its 200 day moving average is $125.48. The stock has a market capitalization of $55.36 billion, a P/E ratio of 453.56, a P/E/G ratio of 62.11 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Datadog's quarterly revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. UBS Group boosted their price objective on shares of Datadog from $165.00 to $189.00 and gave the company a "buy" rating in a research report on Thursday. Bank of America boosted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein boosted their price target on shares of Datadog from $147.00 to $170.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Canaccord Genuity Group boosted their price target on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $158.46.

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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