Datadog, Inc. $DDOG Stock Bought by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 1,203.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,352 shares of the company’s stock after buying an additional 4,018 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in Datadog were worth $1,192,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. StoneX Group Inc. bought a new position in shares of Datadog in the third quarter worth about $288,000. Pictet Asset Management Holding SA boosted its stake in shares of Datadog by 5.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 1,154,426 shares of the company’s stock valued at $316,128,000 after purchasing an additional 56,893 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of Datadog during the 3rd quarter valued at approximately $203,000. Alps Advisors Inc. grew its holdings in shares of Datadog by 21.1% during the 3rd quarter. Alps Advisors Inc. now owns 12,782 shares of the company’s stock valued at $3,500,000 after purchasing an additional 2,226 shares during the last quarter. Finally, Alta Advisers Ltd grew its holdings in shares of Datadog by 89.9% during the 3rd quarter. Alta Advisers Ltd now owns 2,376 shares of the company’s stock valued at $651,000 after purchasing an additional 1,125 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Datadog from $325.00 to $300.00 and set an “overweight” rating for the company in a research report on Thursday. Rosenblatt Securities cut their target price on shares of Datadog from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday. Sanford C. Bernstein lowered their price target on shares of Datadog from $350.00 to $273.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup dropped their price target on Datadog from $305.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target on shares of Datadog in a research note on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $278.43.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $207.86, for a total transaction of $18,602,846.42. Following the transaction, the chief executive officer owned 586,416 shares in the company, valued at approximately $121,892,429.76. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $227.02, for a total transaction of $12,239,102.24. Following the completion of the sale, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $115,735,931.10. This represents a 9.56% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 691,381 shares of company stock valued at $161,877,404. Insiders own 6.48% of the company’s stock.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog’s Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
• Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
• Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
• Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target

Datadog Stock Performance

Datadog stock opened at $179.04 on Monday. The business has a 50 day moving average of $247.75 and a 200-day moving average of $200.01. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $300.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.51 and a quick ratio of 3.51. The company has a market capitalization of $64.29 billion, a P/E ratio of 252.17, a P/E/G ratio of 12.29 and a beta of 1.50.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.17. Datadog had a net margin of 6.12% and a return on equity of 7.28%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.55 EPS. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. On average, equities research analysts predict that Datadog, Inc. will post 0.72 earnings per share for the current year.

Datadog Company Profile

Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.

The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.

Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.