AlphaQuest LLC Invests $811,000 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 acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,179 shares of the company's stock, valued at approximately $811,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Datadog by 3.5% during the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after buying an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after buying an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after buying an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after buying an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total value of $5,576,201.96. Following the completion of the sale, the chief technology officer directly owned 452,769 shares of the company's stock, valued at approximately $60,883,847.43. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Shardul Shah sold 7,924 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following the sale, the director owned 380,281 shares of the company's stock, valued at $53,543,564.80. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,613,650 shares of company stock valued at $206,313,892. 8.70% of the stock is owned by insiders.

Datadog Stock Performance

Shares of DDOG stock traded down $4.28 during trading hours on Friday, hitting $136.68. The stock had a trading volume of 5,105,132 shares, compared to its average volume of 6,100,649. The firm has a market capitalization of $47.67 billion, a PE ratio of 390.53, a PEG ratio of 56.37 and a beta of 1.02. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The stock's 50 day moving average is $137.42 and its 200 day moving average is $119.24. 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 posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $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, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DDOG shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. DA Davidson set a $160.00 price target on Datadog and gave the company a "buy" rating in a report on Tuesday, August 5th. Cantor Fitzgerald upped their price target on Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $175.00 price target on shares of Datadog in a report on Thursday, August 14th. Finally, BTIG Research set a $136.00 price target on Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and an average price target of $153.10.

About Datadog

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.