Louisiana State Employees Retirement System Grows Holdings in Datadog, Inc. $DDOG

Louisiana State Employees Retirement System increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 73.5% in the third quarter, Holdings Channel reports. The institutional investor owned 40,600 shares of the company’s stock after acquiring an additional 17,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Datadog were worth $5,781,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its holdings in Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after acquiring an additional 73 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after purchasing an additional 78 shares during the last quarter. PDS Planning Inc grew its stake in Datadog by 4.2% in the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock worth $281,000 after purchasing an additional 80 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Datadog by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after purchasing an additional 82 shares in the last quarter. Finally, Biltmore Wealth Management LLC increased its holdings in Datadog by 1.5% in the second 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 last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Up 3.2%

NASDAQ:DDOG opened at $141.45 on Thursday. The firm has a market capitalization of $49.60 billion, a P/E ratio of 456.29, a P/E/G ratio of 25.41 and a beta of 1.26. The business has a 50 day simple moving average of $155.95 and a 200 day simple moving average of $146.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69.

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

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $96,633,802.44. This trade represents a 15.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,091,237 shares of company stock valued at $195,954,762 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DDOG. Sanford C. Bernstein increased their target price on Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Rosenblatt Securities boosted their price target on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. The Goldman Sachs Group raised their price objective on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Capital One Financial lifted their price objective on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, Cowen reiterated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Thirty-three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.87.

Datadog Company Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.