Aaron Wealth Advisors LLC Purchases Shares of 1,930 Datadog, Inc. $DDOG

Key Points

• Aaron Wealth Advisors LLC has acquired a new stake in Datadog, Inc., purchasing 1,930 shares valued at approximately $259,000 in the second quarter.
• Datadog's recent earnings report showed an EPS of $0.46, exceeding estimates of $0.41, with a 28.1% increase in quarterly revenue year-over-year.
• Several analysts have upgraded their price targets for Datadog, with an average target price of $153.10 and a consensus rating of "Moderate Buy."

Aaron Wealth Advisors LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,930 shares of the company's stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its position in Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after buying an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC lifted its position in Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after buying an additional 22,818 shares in the last quarter. LBP AM SA lifted its position in Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after buying an additional 156,152 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new position in Datadog during the 4th quarter worth about $314,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wedbush restated an "outperform" rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Cantor Fitzgerald upped their target price 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. Bank of America upped their target price on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Finally, Citigroup upped their price target on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Monday, August 18th. Twenty-four investment 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Stock Up 0.4%

NASDAQ DDOG traded up $0.49 during trading hours on Monday, reaching $139.31. 1,663,486 shares of the company's stock were exchanged, compared to its average volume of 5,746,881. The company's 50-day moving average is $136.70 and its two-hundred day moving average is $120.85. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market capitalization of $48.58 billion, a price-to-earnings ratio of 397.98, a price-to-earnings-growth ratio of 54.96 and a beta of 1.10.

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

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 44,444 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $138.34, for a total value of $6,148,382.96. Following the completion of the sale, the director owned 1,640 shares of the company's stock, valued at approximately $226,877.60. This represents a 96.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were 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 approximately $27,909,743.76. The trade was a 72.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,449,792 shares of company stock valued at $190,786,777 over the last quarter. Insiders own 8.70% of the company's stock.

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.