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

Key Points

• Siren L.L.C. increased its holdings in Datadog, Inc. by 55.9% in the first quarter, now owning 47,425 shares worth approximately $4.71 million.
• Datadog's recent earnings report showed an earnings per share of $0.46, exceeding analyst expectations, with a 28.1% year-over-year revenue growth to $826.76 million.
• A total of 78.29% of Datadog's stock is owned by institutional investors, highlighting significant institutional interest in the company.

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

Other hedge funds have also modified their holdings of the company. Emerald Advisers LLC boosted its stake in Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares during the period. YANKCOM Partnership raised its position in Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after buying an additional 99 shares during the period. Covestor Ltd lifted its stake in Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after acquiring an additional 113 shares in the last quarter. State of Wyoming boosted its position in Datadog by 3.7% during the 4th quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after acquiring an additional 117 shares during the period. Finally, Forum Financial Management LP boosted its position in Datadog by 6.1% during the 1st quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after acquiring an additional 118 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Performance

DDOG traded down $1.95 during trading on Tuesday, hitting $134.73. The stock had a trading volume of 4,302,819 shares, compared to its average volume of 5,860,162. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $46.99 billion, a PE ratio of 384.95, a P/E/G ratio of 56.37 and a beta of 1.11. The company has a 50 day simple moving average of $137.56 and a 200-day simple moving average of $119.16.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (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 company had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business's revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In other news, Director Matthew Jacobson sold 107,648 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $130.01, for a total transaction of $13,995,316.48. Following the completion of the transaction, the director directly owned 176,311 shares in the company, valued at approximately $22,922,193.11. The trade was a 37.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $134.47, for a total transaction of $5,576,201.96. Following the completion of the sale, the chief technology officer directly owned 452,769 shares of the company's stock, valued at $60,883,847.43. The trade was a 8.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,503,062 shares of company stock worth $193,352,588. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DDOG. Scotiabank reiterated an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research report on Thursday, June 12th. Stifel Nicolaus increased their target price on shares of Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Monness Crespi & Hardt boosted their price target on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

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.