Sivia Capital Partners LLC Acquires New Stake in Datadog, Inc. $DDOG

Key Points

• Sivia Capital Partners LLC has invested approximately $509,000 in Datadog, Inc., acquiring a total of 3,787 shares during the second quarter.
• Insider trading activity includes CTO Alexis Le-Quoc selling over 55,000 shares, reducing his stake by 11.20%, and Director Amit Agarwal selling 44,444 shares, reducing his ownership by 96.44%.
• Multiple brokerages have recently upgraded Datadog’s stock ratings, with price targets ranging from $135.00 to $175.00, reflecting a positive outlook among analysts.

Sivia Capital Partners LLC bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 3,787 shares of the company's stock, valued at approximately $509,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Putney Financial Group LLC acquired a new stake in shares of Datadog during the 4th quarter valued at approximately $32,000. Elequin Capital LP acquired a new position in shares of Datadog in the 4th quarter valued at $34,000. Costello Asset Management INC acquired a new position in shares of Datadog in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC boosted its position in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in Datadog during the 1st quarter worth about $37,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer directly owned 438,885 shares of the company's stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares of the company's stock, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,449,792 shares of company stock valued at $190,786,777 in the last 90 days. Corporate insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DDOG. Needham & Company LLC reissued a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research note on Thursday, August 14th. Cantor Fitzgerald boosted their price objective on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Wedbush reiterated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a report on Wednesday, June 11th. Bank of America increased their target price on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Finally, Barclays set a $170.00 price target on Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Price Performance

DDOG stock traded up $2.01 during midday trading on Friday, reaching $138.82. 10,122,450 shares of the stock were exchanged, compared to its average volume of 5,769,874. The company has a fifty day moving average price of $136.67 and a 200 day moving average price of $120.59. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a market capitalization of $48.41 billion, a PE ratio of 396.64, a P/E/G ratio of 53.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

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