PDT Partners LLC Purchases New Shares in Datadog, Inc. $DDOG

Key Points

• PDT Partners LLC has acquired 21,700 shares of Datadog, Inc., valued at approximately $2.15 million, signaling growing institutional interest in the company's stock.
• Datadog reported a 28.1% increase in revenue year-over-year for the last quarter, with an earnings per share (EPS) of $0.46, surpassing analyst expectations.
• Several analysts have updated their price targets for Datadog, with Monness Crespi & Hardt setting a new target of $185.00, reflecting positive sentiment among research firms regarding the company's growth potential.

PDT Partners LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 21,700 shares of the company's stock, valued at approximately $2,153,000.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC bought a new position in Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new position in shares of Datadog during the fourth quarter valued at about $228,000. Aptus Capital Advisors LLC acquired a new stake in shares of Datadog during the fourth quarter worth about $305,000. Benjamin Edwards Inc. boosted its position in Datadog by 167.2% in the 4th quarter. Benjamin Edwards Inc. now owns 6,261 shares of the company's stock worth $895,000 after purchasing an additional 3,918 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Datadog by 17.6% in the 4th quarter. Captrust Financial Advisors now owns 11,190 shares of the company's stock worth $1,599,000 after purchasing an additional 1,677 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Performance

NASDAQ:DDOG traded up $4.30 during trading hours on Friday, reaching $136.08. 4,850,494 shares of the stock were exchanged, compared to its average volume of 4,973,756. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $137.78 and a 200-day simple moving average of $119.34. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a market capitalization of $47.46 billion, a P/E ratio of 388.81, a P/E/G ratio of 54.78 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same quarter last year, the business posted $0.43 EPS. The business's revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a report on Thursday, August 14th. Canaccord Genuity Group lifted their price objective on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Citigroup boosted their target price on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Wedbush reaffirmed an "outperform" rating and set a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Finally, Mizuho lifted their price target on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the sale, the chief executive officer owned 548,715 shares of the company's stock, valued at $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Matthew Jacobson sold 575,863 shares of the business's stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares of the company's stock, valued at $27,909,743.76. This represents a 72.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,505,813 shares of company stock worth $195,879,679. 8.70% of the stock is owned by corporate 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.