Was Jim Cramer Right About These 16 Stocks?

3. Datadog Inc. (NASDAQ:DDOG)

Number of Hedge Fund Investors: 84

Cramer was bullish on Datadog Inc. (NASDAQ:DDOG) at the time, calling it a dynamite company despite its high valuation. He emphasized that its business fundamentals remained strong:

“I think it is a dynamite company, and it is a buy. It is expensive, but they really know what they’re doing.”

The company’s shares are down 11.38% since last March.

When a viewer asked Cramer about his thoughts on Datadog in August 2024, he answered with the following:

“Datadog is usually a fabulous company. There were people trying to buy it for $20 billion before it ever went public. My problem is that it’s just the definition of enterprise software—the kind of analytics that tells you how your company’s doing. There are too many players in that space, Dave. So I’m going to reiterate: I don’t trust it yet, but it is a very good company.”