Profund Advisors LLC Has $4.88 Million Holdings in Datadog, Inc. $DDOG

Profund Advisors LLC cut its holdings in Datadog, Inc. (NASDAQ:DDOG) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,339 shares of the company’s stock after selling 2,524 shares during the period. Profund Advisors LLC’s holdings in Datadog were worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Future Fund LLC boosted its holdings in shares of Datadog by 115.8% during the 2nd quarter. Future Fund LLC now owns 10,789 shares of the company’s stock worth $1,449,000 after buying an additional 5,789 shares in the last quarter. Midwest Trust Co bought a new position in Datadog during the second quarter worth $5,624,000. Pier 88 Investment Partners LLC grew its holdings in Datadog by 87.0% in the second quarter. Pier 88 Investment Partners LLC now owns 9,780 shares of the company’s stock worth $1,314,000 after purchasing an additional 4,550 shares during the period. Acadian Asset Management LLC increased its stake in Datadog by 347.3% in the second quarter. Acadian Asset Management LLC now owns 179,992 shares of the company’s stock valued at $24,176,000 after purchasing an additional 139,750 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its position in shares of Datadog by 6.6% during the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 2,483 shares of the company’s stock worth $334,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DDOG shares. Barclays boosted their price objective on Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a report on Friday. BNP Paribas Exane upped their target price on shares of Datadog from $160.00 to $210.00 in a report on Friday. Royal Bank Of Canada raised their price target on shares of Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group boosted their price objective on Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Macquarie raised their target price on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a report on Friday. Thirty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $203.42.

Datadog Stock Performance

Shares of DDOG stock opened at $191.24 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. The firm has a market cap of $66.69 billion, a price-to-earnings ratio of 616.90, a P/E/G ratio of 54.29 and a beta of 1.20. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $194.87. The firm’s 50-day simple moving average is $149.87 and its two-hundred day simple moving average is $135.21.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $852.77 million. During the same quarter last year, the business posted $0.46 EPS. Datadog’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. Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other news, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares in the company, valued at $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,477,313 shares of company stock worth $203,047,262. 8.70% of the stock is owned by company insiders.

Datadog 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.