56,893 Datadog, Inc. $DDOG Shares Acquired by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its Datadog stake by 5.2%, buying 56,893 shares in the third quarter and bringing its holding to 1.15 million shares, valued at about $316 million.
• Datadog beat Q3 expectations, with revenue rising 35.2% year over year to $1.20 billion and earnings per share of $0.81 versus a $0.64 consensus estimate.
• The outlook remains uncertain: analysts have cut some price targets, and concerns include potentially slower growth, customer renewals and discounts, despite many analysts maintaining favorable ratings.

Pictet Asset Management Holding SA increased its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,154,426 shares of the company's stock after acquiring an additional 56,893 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.32% of Datadog worth $316,128,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in Datadog by 22.8% in the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock valued at $905,570,000 after acquiring an additional 1,439,082 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Datadog by 197.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company's stock worth $669,018,000 after purchasing an additional 1,622,904 shares during the period. First Trust Advisors LP lifted its stake in shares of Datadog by 81.5% during the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company's stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Datadog by 30.3% during the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock worth $312,340,000 after purchasing an additional 615,090 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Datadog by 46.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 919,360 shares of the company's stock worth $251,767,000 after purchasing an additional 290,066 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Up 2.5%

Shares of NASDAQ DDOG opened at $179.04 on Friday. The stock has a market capitalization of $64.29 billion, a PE ratio of 252.17, a P/E/G ratio of 17.46 and a beta of 1.50. The company has a quick ratio of 3.20, a current ratio of 3.51 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $247.75 and a 200-day moving average of $200.01. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $300.68.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Wednesday, November 4th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.17. Datadog had a return on equity of 7.28% and a net margin of 6.12%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company posted $0.55 EPS. The business's quarterly revenue was up 35.2% on a year-over-year basis. On average, analysts anticipate that Datadog, Inc. will post 0.72 EPS for the current year.

Insider Activity

In other Datadog news, General Counsel Kerry Acocella sold 5,280 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the sale, the general counsel directly owned 115,243 shares in the company, valued at $26,373,360.55. This represents a 4.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $221.04, for a total value of $2,588,378.40. Following the completion of the transaction, the executive owned 233,135 shares in the company, valued at approximately $51,532,160.40. This trade represents a 4.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 745,293 shares of company stock valued at $175,536,548 in the last 90 days. 6.48% of the stock is owned by corporate insiders.

Datadog News Summary

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog's Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
• Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
• Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
• Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Yorkville Ives began coverage on Datadog in a research report on Monday, October 5th. They issued an "outperform" rating and a $335.00 price objective for the company. UBS Group increased their target price on Datadog from $280.00 to $320.00 and gave the stock a "buy" rating in a research report on Tuesday, October 27th. Jefferies Financial Group reiterated a "hold" rating and set a $230.00 target price on shares of Datadog in a research report on Wednesday. Oppenheimer raised their price target on Datadog from $300.00 to $330.00 and gave the stock an "outperform" rating in a research note on Monday, October 26th. Finally, KeyCorp lifted their price target on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Datadog has an average rating of "Moderate Buy" and a consensus target price of $278.43.

Datadog Company Profile

Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.

The company's products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.

Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.

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