Datadog, Inc. $DDOG Shares Bought by North Star Asset Management Inc.

North Star Asset Management Inc. grew its holdings in Datadog, Inc. (NASDAQ:DDOG) by 15.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,286 shares of the company’s stock after purchasing an additional 11,348 shares during the quarter. North Star Asset Management Inc.’s holdings in Datadog were worth $11,456,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Costello Asset Management INC bought a new position in Datadog during the 1st quarter worth approximately $30,000. Interchange Capital Partners LLC acquired a new position in shares of Datadog in the 2nd quarter valued at about $42,000. Ameritas Advisory Services LLC acquired a new position in Datadog during the 2nd quarter valued at approximately $55,000. Finally, True Wealth Design LLC grew its position in Datadog by 679.1% in the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $70,000 after purchasing an additional 455 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the sale, the chief executive officer owned 533,358 shares in the company, valued at $96,633,802.44. This trade represents a 15.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,496,398 shares of company stock worth $252,332,032. Corporate insiders own 8.70% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $158.44 on Tuesday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a 50 day moving average of $159.19 and a 200-day moving average of $141.00. The stock has a market capitalization of $55.56 billion, a P/E ratio of 511.10, a P/E/G ratio of 35.76 and a beta of 1.20. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the prior 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. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DDOG shares. Cowen restated a “buy” rating on shares of Datadog in a report on Thursday, November 6th. UBS Group raised their price target on shares of Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Canaccord Genuity Group increased their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, The Goldman Sachs Group increased their target price on shares of Datadog from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Thirty-one investment 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. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

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.