2,437 Shares in Datadog, Inc. $DDOG Bought by Ascent Group LLC

Key Points

• Ascent Group LLC has acquired 2,437 shares of Datadog, Inc., valued at approximately $242,000, marking a new position for the institutional investor in the company.
• Throughout the first quarter, other institutional investors also significantly increased their stakes in Datadog, showcasing growing interest, with 78.29% of the stock currently owned by institutional firms.
• Datadog reported a 28.1% year-over-year increase in revenue for its recent quarter, outperforming analyst expectations with earnings per share of $0.46 compared to the estimated $0.41.

Ascent Group LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,437 shares of the company's stock, valued at approximately $242,000.

Other institutional investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd grew its stake in Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after buying an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares during the last quarter. Costello Asset Management INC bought a new position in Datadog during the 1st quarter worth $30,000. Putney Financial Group LLC bought a new position in Datadog during the 4th quarter worth $32,000. Finally, Elequin Capital LP bought a new position in Datadog during the 4th quarter worth $34,000. 78.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, COO Adam Blitzer sold 7,950 shares of the company's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total value of $1,050,433.50. Following the completion of the sale, the chief operating officer owned 181,728 shares in the company, valued at $24,011,720.64. This represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CRO Sean Michael Walters sold 10,622 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $1,421,754.70. Following the completion of the sale, the executive owned 201,702 shares of the company's stock, valued at approximately $26,997,812.70. This trade represents a 5.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,406,371 shares of company stock valued at $184,294,753. 8.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DDOG shares. Guggenheim restated a "sell" rating and set a $105.00 price objective on shares of Datadog in a research note on Tuesday, July 8th. UBS Group set a $165.00 price target on Datadog and gave the stock a "buy" rating in a research report on Thursday, August 7th. Cantor Fitzgerald increased their price target on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Barclays set a $170.00 price target on Datadog and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group increased their price target on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Datadog Trading Down 1.9%

Shares of Datadog stock opened at $136.50 on Friday. 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 market cap of $47.60 billion, a price-to-earnings ratio of 390.01, a price-to-earnings-growth ratio of 54.79 and a beta of 1.10. The business has a fifty day simple moving average of $137.36 and a 200-day simple moving average of $119.98. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

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

Datadog Company 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.

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