Oregon Public Employees Retirement Fund Takes $5.27 Million Position in Datadog, Inc. $DDOG

Oregon Public Employees Retirement Fund acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,973 shares of the company’s stock, valued at approximately $5,265,000.

Several other hedge funds also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC boosted its holdings in Datadog by 13.8% in the second 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 increased its holdings in shares of Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after acquiring an additional 78 shares in the last quarter. PDS Planning Inc increased its holdings in shares of Datadog by 4.2% during the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after acquiring an additional 80 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Datadog by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after purchasing an additional 82 shares during the last quarter. Finally, Biltmore Wealth Management LLC boosted 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 worth $769,000 after purchasing an additional 86 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of DDOG opened at $125.49 on Friday. The business’s 50-day moving average is $154.67 and its two-hundred day moving average is $146.72. The company has a market capitalization of $44.01 billion, a P/E ratio of 404.81, a P/E/G ratio of 23.26 and a beta of 1.26. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

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

Insiders Place Their Bets

In other news, CFO David M. Obstler sold 12,513 shares of the firm’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the sale, the chief financial officer owned 374,138 shares of the company’s stock, valued at $59,338,286.80. This trade represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $137.93, for a total transaction of $1,544,126.35. Following the transaction, the chief executive officer directly owned 518,133 shares of the company’s stock, valued at approximately $71,466,084.69. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,091,237 shares of company stock worth $195,954,762. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DDOG. TD Cowen boosted their target price on shares of Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. BMO Capital Markets boosted their price objective on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, November 7th. BNP Paribas Exane upped their target price on Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. Royal Bank Of Canada reduced their target price on Datadog from $216.00 to $175.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Finally, Piper Sandler dropped their price target on Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Thirty-three equities research 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, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.