Cetera Investment Advisers Reduces Stake in Datadog, Inc. $DDOG

Cetera Investment Advisers reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,895 shares of the company's stock after selling 2,004 shares during the quarter. Cetera Investment Advisers' holdings in Datadog were worth $10,329,000 as of its most recent SEC filing.

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Other institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Costello Asset Management INC bought a new stake in Datadog in the first quarter worth $30,000. Interchange Capital Partners LLC purchased a new position in Datadog during the second quarter worth $42,000. Ameritas Advisory Services LLC bought a new position in Datadog during the second quarter valued at $55,000. Finally, True Wealth Design LLC raised its stake in shares of Datadog by 679.1% in the second quarter. True Wealth Design LLC now owns 522 shares of the company's stock valued at $70,000 after acquiring an additional 455 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

Shares of DDOG stock opened at $159.57 on Friday. Datadog, Inc. has a twelve month low of $81.63 and a twelve 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. The stock has a fifty day simple moving average of $158.37 and a two-hundred day simple moving average of $139.81. The stock has a market capitalization of $55.96 billion, a price-to-earnings ratio of 514.74, a P/E/G ratio of 40.02 and a beta of 1.20.

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Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data 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 return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the company posted $0.46 earnings per share. The firm's quarterly 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. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on DDOG shares. KeyCorp raised shares of Datadog from a "sector weight" rating to an "overweight" rating and set a $230.00 price target for the company in a research note on Friday, November 7th. Bank of America raised their price objective on shares of Datadog from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. Mizuho set a $215.00 target price on Datadog in a research report on Friday, November 7th. Capital One Financial increased their price target on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, Wall Street Zen raised Datadog from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Thirty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.38.

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View Our Latest Stock Analysis on DDOG

Insiders Place Their Bets

In other news, Director Michael James Callahan sold 12,500 shares of the company's stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $187.47, for a total value of $2,343,375.00. Following the completion of the sale, the director owned 12,496 shares of the company's stock, valued at approximately $2,342,625.12. This represents a 50.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,132,226 shares of company stock worth $333,155,098. 8.70% of the stock is owned by corporate insiders.

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.

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