Datadog, Inc. $DDOG Shares Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,400 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Datadog were worth $3,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Datadog during the first quarter worth about $30,000. Cornerstone Planning Group LLC lifted its stake in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Datadog during the first quarter worth about $37,000. Center for Financial Planning Inc. lifted its stake in shares of Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after purchasing an additional 345 shares in the last quarter. Finally, Alpine Bank Wealth Management acquired a new position in shares of Datadog during the first quarter worth about $39,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Olivier Pomel sold 63,939 shares of the business’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 completion of the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,565,843 shares of company stock valued at $212,946,080 in the last three months. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group boosted their price objective on Datadog from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Citigroup boosted their price target on Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Scotiabank reiterated an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Datadog in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on Datadog from $115.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Twenty-four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

Datadog Stock Down 0.0%

Shares of Datadog stock opened at $164.07 on Friday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $57.22 billion, a P/E ratio of 468.78, a P/E/G ratio of 64.21 and a beta of 1.21. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The business has a 50-day moving average price of $137.59 and a 200 day moving average price of $124.89.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog 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.