Wedmont Private Capital Takes Position in Datadog, Inc. $DDOG

Key Points

• Wedmont Private Capital has acquired a new stake in Datadog, purchasing 1,876 shares valued at approximately $268,000, while several other large investors also increased their positions in the company.
• Datadog's stock has received optimistic ratings from analysts, with price targets raised by various firms, including a $175.00 target from Bank of America and a $179.00 target from Cantor Fitzgerald.
• Insider trades reveal substantial selling activity, with Datadog's CTO and Director offloading over 600,000 shares combined, indicating a significant decrease in their ownership positions.

Wedmont Private Capital purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,876 shares of the company's stock, valued at approximately $268,000.

A number of other large investors have also made changes to their positions in the company. American Financial Advisors LLC acquired a new stake in shares of Datadog during the second quarter valued at approximately $202,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Datadog by 3.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 79,225 shares of the company's stock valued at $10,642,000 after buying an additional 2,637 shares during the period. Jackson Square Capital LLC acquired a new position in Datadog in the 2nd quarter valued at approximately $3,438,000. Sivia Capital Partners LLC acquired a new position in Datadog in the 2nd quarter valued at approximately $509,000. Finally, Biltmore Wealth Management LLC increased its stake in Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock valued at $769,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on DDOG. Bank of America upped their price objective on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. DA Davidson set a $160.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday, August 5th. Cantor Fitzgerald upped their price objective on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Wedbush reiterated an "outperform" rating and issued a $140.00 price objective on shares of Datadog in a research note on Wednesday, June 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research note on Thursday, August 14th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares of the company's stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the transaction, the director directly owned 219,831 shares of the company's stock, valued at $27,909,743.76. The trade was 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 over the last quarter. 8.70% of the stock is currently owned by insiders.

Datadog Price Performance

Shares of Datadog stock opened at $138.82 on Monday. 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, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a fifty day moving average price of $136.70 and a two-hundred day moving average price of $120.85. The company has a market cap of $48.41 billion, a PE ratio of 396.64, a price-to-earnings-growth ratio of 54.96 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period in the prior year, the firm earned $0.43 EPS. The business'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 expect that Datadog, Inc. will post 0.34 EPS 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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