SCS Capital Management LLC Invests $516,000 in Datadog, Inc. $DDOG

Key Points

• SCS Capital Management LLC acquired 5,198 shares of Datadog, Inc. for approximately $516,000 during the first quarter.
• Institutional investors own 78.29% of Datadog's stock, indicating strong institutional interest in the company.
• Datadog reported a 28.1% increase in revenue year-over-year, achieving $826.76 million in revenue for the quarter.

SCS Capital Management LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,198 shares of the company's stock, valued at approximately $516,000.

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

Analysts Set New Price Targets

DDOG has been the topic of a number of research analyst reports. Cantor Fitzgerald increased their price target on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Stifel Nicolaus lifted their price target on shares of Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Thursday, June 26th. Mizuho increased their price objective on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Canaccord Genuity Group raised their target price on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Morgan Stanley upped their price target on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Twenty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Price Performance

DDOG stock traded down $2.65 during mid-day trading on Friday, reaching $136.50. 3,032,652 shares of the company traded hands, compared to its average volume of 4,113,701. The company has a fifty day moving average price of $137.36 and a 200-day moving average price of $120.03. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a market capitalization of $47.60 billion, a P/E ratio of 325.00, a P/E/G ratio of 53.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating 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 analysts' expectations of $791.72 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. Datadog's revenue for the quarter 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, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 12,619 shares of Datadog stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $1,689,053.15. Following the completion of the sale, the chief financial officer owned 386,651 shares of the company's stock, valued at approximately $51,753,236.35. This trade represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Adam Blitzer sold 7,950 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer owned 181,728 shares of the company's stock, valued at approximately $24,011,720.64. The trade was a 4.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,406,371 shares of company stock valued at $184,294,753 in the last ninety days. 8.70% of the stock is owned by insiders.

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.