Datadog, Inc. $DDOG Shares Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 150.2% in the 3rd quarter, Holdings Channel reports. The fund owned 72,730 shares of the company’s stock after buying an additional 43,666 shares during the period. Union Bancaire Privee UBP SA’s holdings in Datadog were worth $10,357,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC boosted its stake in Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after purchasing an additional 73 shares during the period. Nilsine Partners LLC boosted its position in shares of Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after buying an additional 78 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Datadog by 0.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after buying an additional 82 shares in the last quarter. Biltmore Wealth Management LLC increased its position in Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after acquiring an additional 86 shares during the period. Finally, STF Management LP increased its position in Datadog by 2.3% in the 2nd quarter. STF Management LP now owns 4,534 shares of the company’s stock valued at $609,000 after acquiring an additional 104 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DDOG shares. Stifel Nicolaus set a $205.00 price target on Datadog in a research note on Thursday, November 6th. Cantor Fitzgerald upped their price objective on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. DA Davidson increased their target price on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Mizuho set a $200.00 target price on shares of Datadog in a research note on Tuesday. Finally, Barclays boosted their price target on shares of Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Thirty-two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $206.92.

Datadog Price Performance

NASDAQ:DDOG opened at $140.05 on Wednesday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $162.36 and its 200 day moving average price is $145.19. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The firm has a market cap of $49.11 billion, a P/E ratio of 451.77, a PEG ratio of 31.02 and a beta of 1.23.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period in the prior year, the company earned $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 and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the completion of the sale, the chief technology officer directly owned 295,448 shares in the company, valued at approximately $45,513,764.40. This trade represents a 15.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David M. Obstler sold 12,513 shares of Datadog stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the completion of the transaction, the chief financial officer owned 374,138 shares in the company, valued at approximately $59,338,286.80. This trade represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,316,792 shares of company stock valued at $233,104,504. Corporate insiders own 8.70% of the company’s stock.

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.