Inspire Investing LLC Boosts Stock Position in Datadog, Inc. $DDOG

Inspire Investing LLC increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 34.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,129 shares of the company’s stock after buying an additional 1,051 shares during the period. Inspire Investing LLC’s holdings in Datadog were worth $555,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Aberdeen Group plc boosted its holdings in shares of Datadog by 5.8% in the 2nd quarter. Aberdeen Group plc now owns 142,387 shares of the company’s stock worth $19,127,000 after buying an additional 7,837 shares during the last quarter. PDS Planning Inc purchased a new position in Datadog in the second quarter valued at about $255,000. Blue Trust Inc. boosted its stake in Datadog by 15.6% in the second quarter. Blue Trust Inc. now owns 3,518 shares of the company’s stock valued at $473,000 after acquiring an additional 474 shares during the last quarter. Total Wealth Planning & Management Inc. lifted its stake in Datadog by 20.5% in the second quarter. Total Wealth Planning & Management Inc. now owns 2,483 shares of the company’s stock valued at $334,000 after purchasing an additional 423 shares during the last quarter. Finally, Callan Family Office LLC lifted its stake in Datadog by 145.6% in the second quarter. Callan Family Office LLC now owns 22,680 shares of the company’s stock valued at $3,047,000 after purchasing an additional 13,445 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DDOG has been the topic of a number of recent research reports. Wells Fargo & Company initiated coverage on Datadog in a research report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price target on the stock. Barclays set a $170.00 price objective on shares of Datadog and gave the company an “overweight” rating in a report on Thursday, August 7th. Monness Crespi & Hardt upped their price objective on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of Datadog in a report on Thursday, August 14th. Finally, Guggenheim restated a “sell” rating and set a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $158.46.

Datadog Trading Down 3.2%

Shares of Datadog stock opened at $158.74 on Monday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $55.36 billion, a price-to-earnings ratio of 453.56, a PEG ratio of 62.11 and a beta of 1.21. The company’s 50-day moving average price is $138.06 and its 200-day moving average price is $125.48.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million for the quarter, compared to analysts’ expectations of $791.72 million. During the same period in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction dated Monday, October 6th. The shares were 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 in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,482,907 shares of company stock worth $201,395,584. 8.70% of the stock is currently 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.