Kovack Advisors Inc. Takes $489,000 Position in Datadog, Inc. $DDOG

Kovack Advisors Inc. purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 3,640 shares of the company’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. Motley Fool Asset Management LLC increased its position in Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after purchasing an additional 22,818 shares during the period. LBP AM SA boosted its stake in shares of Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company’s stock valued at $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after buying an additional 156,152 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Datadog by 178.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after acquiring an additional 58,369 shares during the period. Finally, Mizuho Markets Americas LLC purchased a new position in Datadog in the first quarter worth $15,526,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DDOG. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Citigroup upped their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Jefferies Financial Group increased their target price on shares of Datadog from $160.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 14th. Finally, BMO Capital Markets boosted their price target on Datadog from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Twenty-six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $165.13.

Datadog Stock Performance

NASDAQ:DDOG opened at $162.81 on Friday. 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 firm has a 50-day moving average price of $146.02 and a two-hundred day moving average price of $132.11. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market capitalization of $56.78 billion, a P/E ratio of 465.18, a price-to-earnings-growth ratio of 63.70 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Michael James Callahan sold 8,333 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total value of $1,337,863.15. Following the sale, the director directly owned 12,496 shares in the company, valued at $2,006,232.80. This represents a 40.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $154.35, for a total value of $1,727,948.25. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $82,323,807.30. This represents a 2.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,491,232 shares of company stock worth $202,944,249 in the last quarter. Insiders own 8.70% of the company’s stock.

Datadog Company 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.