L & S Advisors Inc Raises Stock Holdings in Datadog, Inc. $DDOG

L & S Advisors Inc raised its stake in Datadog, Inc. (NASDAQ:DDOG) by 20.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 12,920 shares of the company’s stock after purchasing an additional 2,211 shares during the quarter. L & S Advisors Inc’s holdings in Datadog were worth $1,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Motley Fool Asset Management LLC lifted its holdings in shares of Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after acquiring an additional 22,818 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its stake in Datadog by 178.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after purchasing an additional 58,369 shares during the last quarter. Mizuho Markets Americas LLC purchased a new stake in Datadog during the first quarter valued at about $15,526,000. Temasek Holdings Private Ltd grew its stake in shares of Datadog by 585.0% during the first quarter. Temasek Holdings Private Ltd now owns 108,827 shares of the company’s stock valued at $10,797,000 after buying an additional 92,939 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Datadog by 30.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,062 shares of the company’s stock valued at $3,232,000 after acquiring an additional 5,609 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on DDOG shares. KeyCorp raised shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price on the stock in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Monness Crespi & Hardt lifted their price objective on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Rosenblatt Securities upped their target price on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, The Goldman Sachs Group raised their price target on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $207.38.

Datadog Trading Down 2.6%

NASDAQ DDOG opened at $185.97 on Friday. The firm has a market capitalization of $64.86 billion, a PE ratio of 599.90, a P/E/G ratio of 55.35 and a beta of 1.20. The stock’s 50 day moving average is $154.65 and its 200 day moving average is $137.31. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69. The company has a quick ratio of 3.43, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at $88,014,737.16. The trade was a 10.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,979,841 shares of company stock worth $303,130,605 over the last three months. 8.70% of the stock is owned by corporate insiders.

About Datadog

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.