Munro Partners Acquires New Holdings in Datadog, Inc. $DDOG

Munro Partners acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, Holdings Channel reports. The fund acquired 50,000 shares of the company’s stock, valued at approximately $7,120,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DDOG. Interchange Capital Partners LLC purchased a new position in shares of Datadog in the 2nd quarter valued at $42,000. Ameritas Advisory Services LLC purchased a new stake in shares of Datadog during the 2nd quarter worth $55,000. True Wealth Design LLC boosted its position in Datadog by 679.1% during the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after purchasing an additional 455 shares in the last quarter. Center for Financial Planning Inc. boosted its position in Datadog by 42.0% during the second quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock valued at $71,000 after purchasing an additional 157 shares in the last quarter. Finally, Roble Belko & Company Inc grew its stake in Datadog by 205.8% in the second quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock valued at $71,000 after purchasing an additional 354 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on DDOG. Citigroup increased their price target on shares of Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Arete Research boosted their price objective on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Guggenheim set a $105.00 price target on shares of Datadog in a report on Thursday, November 6th. Finally, The Goldman Sachs Group upped their price target on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $207.78.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 32,923 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $154.63, for a total value of $5,090,883.49. Following the sale, the chief executive officer owned 518,133 shares in the company, valued at $80,118,905.79. This represents a 5.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Adam Blitzer sold 8,023 shares of the stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the transaction, the chief operating officer owned 165,197 shares in the company, valued at approximately $25,541,108.17. This trade represents a 4.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,305,579 shares of company stock worth $231,557,832. 8.70% of the stock is owned by corporate insiders.

Datadog Trading Down 0.4%

Shares of Datadog stock opened at $141.23 on Wednesday. The firm’s 50 day simple moving average is $160.09 and its two-hundred day simple moving average is $145.88. The firm has a market capitalization of $49.53 billion, a price-to-earnings ratio of 455.58, a PEG ratio of 30.98 and a beta of 1.23. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data 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 firm 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 company earned $0.46 earnings per share. The business’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.