3,382 Shares in Datadog, Inc. $DDOG Purchased by Prostatis Group LLC

Key Points

• Prostatis Group LLC acquired 3,382 shares of Datadog, Inc., valued at approximately $336,000, marking a new stake in the company.
• Datadog reported $0.46 earnings per share for the last quarter, exceeding expectations, alongside a revenue of $826.76 million, which is a 28.1% increase year-over-year.
• Insiders sold a total of 1,398,448 shares valued at approximately $182.81 million over the last 90 days, reflecting significant activity in the stock's ownership.

Prostatis Group LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,382 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. Emerald Advisers LLC increased its position in shares of Datadog by 1.1% in the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after acquiring an additional 97 shares in the last quarter. YANKCOM Partnership increased its position in shares of Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after acquiring an additional 99 shares in the last quarter. Covestor Ltd increased its position in shares of Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after acquiring an additional 113 shares in the last quarter. State of Wyoming increased its position in shares of Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after acquiring an additional 117 shares in the last quarter. Finally, Forum Financial Management LP increased its position in shares of Datadog by 6.1% in the first quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Down 1.9%

DDOG stock traded down $2.65 during mid-day trading on Friday, hitting $136.50. 3,032,652 shares of the company were exchanged, compared to its average volume of 4,190,323. The company has a market capitalization of $47.60 billion, a PE ratio of 390.01, a price-to-earnings-growth ratio of 54.79 and a beta of 1.10. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The firm has a fifty day simple moving average of $137.36 and a 200 day simple moving average of $119.98.

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, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period last year, the business earned $0.43 EPS. The firm's revenue for the quarter was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $131.88, for a total value of $13,287,437.52. Following the sale, the chief executive officer owned 548,715 shares of the company's stock, valued at $72,364,534.20. This trade represents a 15.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the sale, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,406,371 shares of company stock worth $184,294,753. 8.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent research reports. UBS Group set a $165.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group increased their price objective on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Jefferies Financial Group upped their target price on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Needham & Company LLC restated a "buy" rating and issued a $175.00 target price on shares of Datadog in a research note on Thursday, August 14th. Finally, Monness Crespi & Hardt upped their target price on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog has a consensus rating of "Moderate Buy" and a consensus target price of $153.10.

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.