AlphaQuest LLC Takes $811,000 Position in Datadog, Inc. $DDOG

Key Points

• AlphaQuest LLC has invested approximately $811,000 in Datadog, acquiring 8,179 shares during the first quarter.
• Datadog has recently reported a quarterly earnings per share (EPS) of $0.46, surpassing analyst expectations, with revenue up 28.1% year-over-year.
• Analysts are optimistic about Datadog, with a consensus rating of "Moderate Buy" and a price target averaging $153.10.

AlphaQuest LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,179 shares of the company's stock, valued at approximately $811,000.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after purchasing 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 increased its position in shares of 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 purchasing an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after acquiring an additional 156,152 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new stake in Datadog in the fourth quarter valued at approximately $314,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,924 shares of the firm's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total value of $1,115,699.20. Following the completion of the sale, the director directly owned 380,281 shares in the company, valued at $53,543,564.80. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Titilope Cole sold 2,210 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $136.59, for a total transaction of $301,863.90. Following the completion of the sale, the director owned 6,347 shares of the company's stock, valued at $866,936.73. This trade represents a 25.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,613,650 shares of company stock valued at $206,313,892. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DDOG shares. Royal Bank Of Canada restated an "outperform" rating and set a $119.00 price objective on shares of Datadog in a report on Wednesday, May 7th. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Thursday, June 12th. Scotiabank reissued an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Jefferies Financial Group boosted their target price on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Monness Crespi & Hardt lifted their target price on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Stock Performance

Datadog stock traded up $9.23 during trading on Thursday, hitting $140.96. The stock had a trading volume of 9,300,672 shares, compared to its average volume of 5,878,880. The stock's 50 day moving average is $137.02 and its two-hundred day moving average is $119.54. The stock has a market cap of $49.16 billion, a price-to-earnings ratio of 402.75, a price-to-earnings-growth ratio of 52.09 and a beta of 1.02. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly 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 firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period 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. As a group, analysts predict that Datadog, Inc. will post 0.34 EPS for the current 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.