1,134,894 Shares in Datadog, Inc. $DDOG Acquired by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. has acquired a new stake in Datadog, purchasing 1,134,894 shares valued at around $112.6 million, representing approximately 0.33% of the company's stock.
• Recent activity among institutional investors includes significant stake increases by OVERSEA CHINESE BANKING Corp Ltd and Cornerstone Planning Group LLC, highlighting growing confidence in Datadog.
• Datadog's stock has received multiple upgrades from analysts, with Bank of America raising its price target from $150 to $175, reflecting positive market sentiment on the company's future performance.

Alyeska Investment Group L.P. bought a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,134,894 shares of the company's stock, valued at approximately $112,593,000. Alyeska Investment Group L.P. owned about 0.33% of Datadog at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Emerald Advisers LLC increased its holdings in shares of Datadog by 1.1% in the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership increased its holdings in shares of Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after purchasing an additional 99 shares during the last quarter. Covestor Ltd increased its holdings in shares of Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after purchasing an additional 113 shares during the last quarter. State of Wyoming increased its holdings in shares of Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after purchasing an additional 117 shares during the last quarter. Finally, Forum Financial Management LP increased its holdings in shares of Datadog by 6.1% in the first quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after purchasing an additional 118 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer owned 438,885 shares of the company's stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Matthew Jacobson sold 575,863 shares of the company's 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 transaction, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,505,813 shares of company stock valued at $195,879,679. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DDOG has been the topic of several research reports. Citigroup lifted their target price on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. UBS Group set a $165.00 price objective on Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Jefferies Financial Group boosted their price objective on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Mizuho boosted their price objective on Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Canaccord Genuity Group boosted their price objective on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Trading Up 3.3%

Shares of DDOG traded up $4.30 during mid-day trading on Friday, reaching $136.08. 4,850,494 shares of the company's stock traded hands, compared to its average volume of 4,973,756. The stock has a market cap of $47.46 billion, a P/E ratio of 388.81, a P/E/G ratio of 53.05 and a beta of 1.10. The stock's 50-day moving average is $137.78 and its two-hundred day moving average is $119.40. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. 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 released its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million for 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%.The company's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter 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. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.