Interchange Capital Partners LLC Makes New Investment in Datadog, Inc. $DDOG

Interchange Capital Partners LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the second quarter, Holdings Channel.com reports. The firm bought 2,213 shares of the company’s stock, valued at approximately $297,000.

Other hedge funds also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its stake 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 in the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of Datadog in the 1st quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Datadog in the 2nd quarter valued at approximately $55,000. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DDOG has been the topic of a number of research analyst reports. Cantor Fitzgerald raised their price target on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. UBS Group raised their price objective on shares of Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Bank of America raised their price objective on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a report on Monday, July 7th. Capital One Financial raised their price objective on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, Scotiabank reiterated an “outperform” rating on shares of Datadog in a report on Friday, August 8th. Twenty-six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $163.97.

Insider Activity

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the transaction, the director owned 12,496 shares of the company’s stock, 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. In the last quarter, insiders have sold 1,491,232 shares of company stock worth $202,944,249. 8.70% of the stock is owned by insiders.

Datadog Stock Down 0.1%

Datadog stock opened at $156.47 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm has a 50 day moving average price of $143.14 and a two-hundred day moving average price of $129.84. The firm has a market cap of $54.57 billion, a price-to-earnings ratio of 447.07, a PEG ratio of 61.22 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last released its quarterly 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 firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter last year, the business earned $0.43 EPS. The company’s revenue 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. Equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.