New York State Teachers Retirement System Acquires New Stake in Datadog, Inc. $DDOG

New York State Teachers Retirement System bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 215,442 shares of the company’s stock, valued at approximately $30,679,000. New York State Teachers Retirement System owned 0.06% of Datadog as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DDOG. V Square Quantitative Management LLC increased its position in shares of Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after purchasing an additional 73 shares during the last quarter. Nilsine Partners LLC grew its position in Datadog by 2.4% during the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock valued at $484,000 after buying an additional 78 shares during the period. PDS Planning Inc increased its holdings in Datadog by 4.2% during the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock valued at $281,000 after buying an additional 80 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Datadog by 0.8% in the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock worth $1,406,000 after acquiring an additional 82 shares during the period. Finally, Biltmore Wealth Management LLC raised its position in Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock worth $769,000 after acquiring an additional 86 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the sale, the chief technology officer directly owned 395,661 shares in the company, valued at approximately $78,336,921.39. The trade was a 11.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction on Monday, November 10th. The stock was 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 approximately $2,566,656.40. The trade was a 96.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,074,988 shares of company stock valued at $193,329,916. Corporate insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DDOG. BMO Capital Markets boosted their price objective on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Jefferies Financial Group lowered their target price on Datadog from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Cowen reissued a “buy” rating on shares of Datadog in a report on Thursday, November 6th. Sanford C. Bernstein raised their price objective on Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, The Goldman Sachs Group began coverage on Datadog in a research note on Monday. They set a “sell” rating and a $113.00 price objective for the company. Thirty-two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average target price of $198.82.

Datadog Stock Performance

NASDAQ:DDOG opened at $126.57 on Tuesday. The stock has a 50-day moving average price of $153.96 and a 200 day moving average price of $146.81. The stock has a market capitalization of $44.38 billion, a P/E ratio of 408.29, a P/E/G ratio of 23.26 and a beta of 1.26. Datadog, Inc. has a 12-month low of $81.63 and a 12-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.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s revenue for the quarter was up 28.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.