Siren L.L.C. Buys 17,000 Shares of Datadog, Inc. $DDOG

Key Points

• Siren L.L.C. increased its stake in Datadog, Inc. by 55.9%, acquiring an additional 17,000 shares during the first quarter, bringing its total holdings to 47,425 shares valued at approximately $4.7 million.
• Several brokerages raised their price targets for Datadog, with Stifel Nicolaus adjusting theirs from $120 to $135, while Cantor Fitzgerald set a price target of $179.
• Datadog's latest earnings report showed an EPS of $0.46, exceeding estimates, and revenue of $826.76 million, which reflects a 28.1% year-over-year increase.

Siren L.L.C. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 55.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,425 shares of the company's stock after purchasing an additional 17,000 shares during the quarter. Siren L.L.C.'s holdings in Datadog were worth $4,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DDOG. Brighton Jones LLC bought a new position in shares of Datadog during the 4th quarter valued at $209,000. Bison Wealth LLC bought a new position in Datadog in the 4th quarter worth $228,000. Captrust Financial Advisors raised its holdings in Datadog by 17.6% in the 4th quarter. Captrust Financial Advisors now owns 11,190 shares of the company's stock worth $1,599,000 after acquiring an additional 1,677 shares during the period. Focus Partners Wealth raised its holdings in Datadog by 101.4% in the 4th quarter. Focus Partners Wealth now owns 9,865 shares of the company's stock worth $1,436,000 after acquiring an additional 4,967 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Datadog by 6.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 327,068 shares of the company's stock worth $46,738,000 after acquiring an additional 21,099 shares during the period. Institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of several recent analyst reports. Canaccord Genuity Group lifted 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. Citigroup raised their price target on shares of Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Mizuho raised their price target on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Monness Crespi & Hardt raised their price target on shares of Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, DA Davidson set a $160.00 price target on shares of Datadog and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Buying and Selling at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 5,142 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $688,256.70. Following the transaction, the general counsel directly owned 97,377 shares in the company, valued at $13,033,911.45. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Adam Blitzer sold 7,950 shares of the business's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total transaction of $1,050,433.50. Following the completion of the transaction, the chief operating officer owned 181,728 shares in the company, valued at approximately $24,011,720.64. This trade represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,406,371 shares of company stock worth $184,294,753 in the last 90 days. 8.70% of the stock is currently owned by insiders.

Datadog Price Performance

Shares of Datadog stock traded down $2.65 during trading on Friday, hitting $136.50. 3,032,652 shares of the company's stock traded hands, compared to its average volume of 4,190,323. 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 firm's fifty day moving average price is $137.36 and its 200 day moving average price is $120.03. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market cap of $47.60 billion, a PE ratio of 390.01, a PEG ratio of 54.79 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results 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. 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 period in the previous year, the business earned $0.43 EPS. The firm's 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. Analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current 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.