New York State Teachers Retirement System Invests $30.68 Million in Datadog, Inc. $DDOG

New York State Teachers Retirement System bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 215,442 shares of the company’s stock, valued at approximately $30,679,000.

Other large investors also recently bought and sold shares of the company. Tripletail Wealth Management LLC purchased a new position in shares of Datadog in the 3rd quarter worth $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Datadog during the 3rd quarter valued at about $40,000. Interchange Capital Partners LLC bought a new position in shares of Datadog in the 2nd quarter valued at about $42,000. Cromwell Holdings LLC lifted its holdings in shares of Datadog by 536.5% in the 3rd quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock valued at $47,000 after acquiring an additional 279 shares during the last quarter. Finally, SJS Investment Consulting Inc. grew its position in Datadog by 3,181.8% in the third quarter. SJS Investment Consulting Inc. now owns 361 shares of the company’s stock worth $51,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

DDOG opened at $126.57 on Tuesday. The business has a fifty day moving average of $153.96 and a 200 day moving average of $146.81. The stock has a market cap of $44.38 billion, a P/E ratio of 408.29, a PEG ratio of 23.26 and a beta of 1.26. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. During the same quarter last year, the firm posted $0.46 earnings per share. The business’s 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. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Jefferies Financial Group decreased their price objective on Datadog from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. BNP Paribas Exane boosted their target price on Datadog from $160.00 to $210.00 in a research report on Friday, November 7th. TD Cowen increased their price target on Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a report on Friday, November 7th. UBS Group raised their price target on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Datadog in a research report on Monday, December 29th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $198.82.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares in the company, valued at $2,566,656.40. This trade represents a 96.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the completion of the transaction, the chief technology officer owned 395,661 shares in the company, valued at $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,074,988 shares of company stock valued at $193,329,916 in the last 90 days. Company insiders own 8.70% of the company’s stock.

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.