Cetera Investment Advisers Reduces Stake in Datadog, Inc. $DDOG

Cetera Investment Advisers reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,895 shares of the company's stock after selling 2,004 shares during the quarter. Cetera Investment Advisers' holdings in Datadog were worth $10,329,000 as of its most recent SEC filing.AI Trade Over? Datadog Results Say It's Gaining MomentumOther institutional investors have also modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Costello Asset Management INC bought a new stake in Datadog in the first quarter worth $30,000. Interchange Capital Partners LLC purchased a new position in Datadog during the second quarter worth $42,000. Ameritas Advisory Services LLC bought a new position in Datadog during the second quarter valued at $55,000. Finally, True Wealth Design LLC raised its stake in shares of Datadog by 679.1% in the second quarter. True Wealth Design LLC now owns 522 shares of the company's stock valued at $70,000 after acquiring an additional 455 shares during the period. 78.29% of the stock is owned by institutional investors. Datadog Price PerformanceShares of DDOG stock opened at $159.57 on Friday. Datadog, Inc. has a twelve month low of $81.63 and a twelve 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. The stock has a fifty day simple moving average of $158.37 and a two-hundred day simple moving average of $139.81. The stock has a market capitalization of $55.96 billion, a price-to-earnings ratio of 514.74, a P/E/G ratio of 40.02 and a beta of 1.20. Institutions Are Fueling CrowdStrike’s Next Leg HigherDatadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the company posted $0.46 earnings per share. The firm'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, analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year. Analysts Set New Price TargetsA number of equities analysts recently commented on DDOG shares. KeyCorp raised shares of Datadog from a "sector weight" rating to an "overweight" rating and set a $230.00 price target for the company in a research note on Friday, November 7th. Bank of America raised their price objective on shares of Datadog from $180.00 to $215.00 and gave the stock a "buy" rating in a research note on Friday, November 7th. Mizuho set a $215.00 target price on Datadog in a research report on Friday, November 7th. Capital One Financial increased their price target on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, Wall Street Zen raised Datadog from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. Thirty-one analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $207.38.Why Datadog Is the AI Infrastructure Firm to Watch Out ForView Our Latest Stock Analysis on DDOGInsiders Place Their BetsIn other news, Director Michael James Callahan sold 12,500 shares of the company's stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $187.47, for a total value of $2,343,375.00. Following the completion of the sale, the director owned 12,496 shares of the company's stock, valued at approximately $2,342,625.12. This represents a 50.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $96,633,802.44. The trade was a 15.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,132,226 shares of company stock worth $333,155,098. 8.70% of the stock is owned by corporate insiders. Datadog Company Profile (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.See AlsoFive stocks we like better than DatadogHow to Know Which Cryptocurrency to Buy: A Guide for InvestorsDatavault AI Just Raised Guidance by 400%—Are You Paying Attention?What is the S&P/TSX Index?Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop?How to Invest in Insurance Companies: A Guide Why Lithium Americas Could Be a 2030 Power Play—Not a 2025 OneWant to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Datadog Right Now?Before you consider Datadog, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Datadog wasn't on the list.While Datadog currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here