Employees Retirement System of Texas Has $53.96 Million Stock Position in Datadog, Inc. $DDOG

Employees Retirement System of Texas increased its stake in Datadog, Inc. (NASDAQ:DDOG) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 401,711 shares of the company’s stock after buying an additional 43,867 shares during the quarter. Employees Retirement System of Texas owned approximately 0.12% of Datadog worth $53,962,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DDOG. V Square Quantitative Management LLC raised 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 acquiring an additional 73 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake 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 purchasing an additional 82 shares during the last quarter. Biltmore Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 86 shares during the period. STF Management LP raised its holdings in shares of 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 purchasing an additional 104 shares during the period. Finally, Main Management ETF Advisors LLC lifted its stake in Datadog by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 6,597 shares of the company’s stock valued at $886,000 after purchasing an additional 108 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Oppenheimer boosted their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Jefferies Financial Group lifted their target price on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Rosenblatt Securities increased their price target on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Truist Financial lifted their price objective on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Finally, Stifel Nicolaus set a $205.00 price objective on shares of Datadog in a report on Thursday, November 6th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Insider Activity

In other news, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the transaction, the director directly owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,388,750 shares of company stock worth $238,336,716. Insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $158.99 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a market cap of $55.75 billion, a price-to-earnings ratio of 512.87, a P/E/G ratio of 35.96 and a beta of 1.20. The stock’s fifty day moving average price is $159.68 and its two-hundred day moving average price is $141.36. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69.

Datadog (NASDAQ:DDOG) last announced its earnings results 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. 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 analysts’ expectations of $852.77 million. During the same quarter in the previous year, the business posted $0.46 earnings per share. Datadog’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, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

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.