Fortress Investment Group LLC Purchases Shares of 13,700 Datadog, Inc. $DDOG

Fortress Investment Group LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the second quarter, HoldingsChannel reports. The institutional investor purchased 13,700 shares of the company’s stock, valued at approximately $1,840,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DDOG. V Square Quantitative Management LLC lifted its position in Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after buying an additional 73 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in shares of Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after acquiring an additional 82 shares during the period. Biltmore Wealth Management LLC boosted its position in shares of Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock worth $769,000 after acquiring an additional 86 shares during the last quarter. STF Management LP increased its position in Datadog by 2.3% during the second quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after purchasing an additional 104 shares during the last quarter. Finally, Main Management ETF Advisors LLC increased its position in Datadog by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 6,597 shares of the company’s stock worth $886,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DDOG. Wall Street Zen raised shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. KeyCorp raised Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target for the company in a research report on Friday, November 7th. Macquarie raised their price objective on Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Barclays lifted their price objective on Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group raised their price target on shares of Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Thirty-two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $208.76.

Datadog Stock Performance

Datadog stock opened at $146.00 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The stock’s 50 day moving average price is $162.96 and its 200 day moving average price is $144.46. The firm has a market capitalization of $51.20 billion, a PE ratio of 470.97, a price-to-earnings-growth ratio of 32.74 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $96,633,802.44. This trade represents a 15.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the sale, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,404,663 shares of company stock worth $245,102,405 over the last quarter. Company 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.