Sagespring Wealth Partners LLC Makes New $363,000 Investment in Datadog, Inc. $DDOG

Key Points

• Sagespring Wealth Partners LLC invested approximately $363,000 in Datadog, Inc. during the 2nd quarter, acquiring 2,703 shares of the company.
• Several hedge funds increased their stakes in Datadog, with Allspring Global Investments Holdings LLC showing the most significant growth at 88.8% increase.
• Analysts have set a new consensus price target for Datadog at $162.37, indicating strong buy ratings from the majority of investment firms.

Sagespring Wealth Partners LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,703 shares of the company's stock, valued at approximately $363,000.

Several other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB boosted its holdings in shares of Datadog by 34.2% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 3,769 shares of the company's stock valued at $506,000 after acquiring an additional 960 shares in the last quarter. RFG Advisory LLC boosted its stake in shares of Datadog by 70.7% during the second quarter. RFG Advisory LLC now owns 4,956 shares of the company's stock valued at $666,000 after purchasing an additional 2,052 shares in the last quarter. MGO One Seven LLC grew its holdings in shares of Datadog by 7.7% during the second quarter. MGO One Seven LLC now owns 3,503 shares of the company's stock worth $471,000 after purchasing an additional 249 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Datadog by 88.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 61,075 shares of the company's stock valued at $8,082,000 after buying an additional 28,729 shares during the period. Finally, Alta Advisers Ltd bought a new position in Datadog in the 2nd quarter valued at approximately $235,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of Datadog 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 in the company, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael James Callahan sold 8,333 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total value of $1,337,863.15. Following the transaction, the director owned 12,496 shares in the company, valued at $2,006,232.80. The trade was a 40.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,491,232 shares of company stock valued at $202,904,731 over the last ninety days. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DDOG. TD Cowen boosted their target price on shares of Datadog from $175.00 to $180.00 and gave the stock a "buy" rating in a report on Friday. Sanford C. Bernstein boosted their price objective on shares of Datadog from $147.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Capital One Financial raised their target price on Datadog from $149.00 to $179.00 in a research report on Thursday. Oppenheimer lifted their target price on Datadog from $165.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. Twenty-six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.37.

Datadog Trading Up 1.1%

NASDAQ:DDOG opened at $152.87 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. 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 firm's fifty day moving average is $140.31 and its 200-day moving average is $127.11. The firm has a market cap of $53.31 billion, a P/E ratio of 436.78, a P/E/G ratio of 59.15 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 4.13% and a return on equity of 5.04%. Datadog's revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous 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. Equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current 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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