Rokos Capital Management LLP Purchases 124,953 Shares of Datadog, Inc. $DDOG

by · The Cerbat Gem

Rokos Capital Management LLP increased its position in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 21.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 698,520 shares of the company’s stock after purchasing an additional 124,953 shares during the quarter. Datadog makes up 0.4% of Rokos Capital Management LLP’s portfolio, making the stock its 15th largest holding. Rokos Capital Management LLP owned approximately 0.20% of Datadog worth $93,832,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Datadog during the fourth quarter worth $209,000. Bison Wealth LLC bought a new stake in shares of Datadog in the 4th quarter worth about $228,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Datadog during the 1st quarter worth about $207,000. Townsquare Capital LLC increased its position in shares of Datadog by 444.2% during the 1st quarter. Townsquare Capital LLC now owns 17,975 shares of the company’s stock worth $1,783,000 after purchasing an additional 14,672 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in Datadog by 28.5% during the 1st quarter. Benjamin Edwards Inc. now owns 8,047 shares of the company’s stock valued at $798,000 after purchasing an additional 1,786 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several recent analyst reports. TD Cowen raised their price objective on shares of Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Royal Bank Of Canada increased their price target on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Truist Financial raised their price objective on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Citigroup upped their target price on shares of Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, November 12th. Finally, BNP Paribas Exane increased their price target on Datadog from $160.00 to $210.00 in a research note on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Check Out Our Latest Stock Report on DDOG

Datadog Trading Down 0.9%

NASDAQ:DDOG opened at $151.20 on Thursday. 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 business’s 50-day simple moving average is $163.11 and its 200-day simple moving average is $144.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The stock has a market capitalization of $53.02 billion, a PE ratio of 487.74, a price-to-earnings-growth ratio of 33.32 and a beta of 1.23.

Datadog (NASDAQ:DDOG – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same period last 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. Sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $154.05, for a total value of $8,305,143.60. Following the sale, the chief technology officer directly owned 295,448 shares in the company, valued at $45,513,764.40. The trade was a 15.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David M. Obstler sold 12,513 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,984,561.80. Following the transaction, the chief financial officer directly owned 374,138 shares of the company’s stock, valued at $59,338,286.80. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,412,579 shares of company stock worth $246,193,072 in the last ninety days. 8.70% of the stock is owned by insiders.

About Datadog

(Free Report)

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.

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