Strs Ohio Invests $991,000 in Datadog, Inc. $DDOG

Strs Ohio bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,374 shares of the company’s stock, valued at approximately $991,000.

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Motley Fool Asset Management LLC increased its stake 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 buying an additional 22,818 shares in the last quarter. Envestnet Asset Management Inc. lifted its position 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 acquiring an additional 156,152 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Datadog by 178.6% in 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 last quarter. Mizuho Markets Americas LLC purchased a new stake in shares of Datadog during the first quarter worth approximately $15,526,000. Finally, Slow Capital Inc. raised its stake in Datadog by 124.0% in the 1st quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock valued at $5,975,000 after purchasing an additional 33,332 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction on 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 transaction, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This represents a 88.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the sale, the director directly owned 219,831 shares of the company’s stock, valued at $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,510,236 shares of company stock valued at $207,339,763 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Datadog Trading Up 23.1%

Shares of DDOG opened at $190.82 on Friday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $194.87. The firm has a market capitalization of $66.55 billion, a P/E ratio of 545.22, a P/E/G ratio of 60.64 and a beta of 1.20. The firm has a 50-day moving average price of $148.78 and a 200 day moving average price of $133.91. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same period in the previous year, the business posted $0.46 EPS. Datadog’s revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of research reports. Sanford C. Bernstein raised their price objective on Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. UBS Group increased their target price on shares of Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Robert W. Baird set a $165.00 price target on shares of Datadog in a research report on Wednesday, October 29th. Guggenheim set a $105.00 price objective on shares of Datadog in a report on Thursday. Finally, Needham & Company LLC raised their target price on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $174.25.

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.