APG Asset Management N.V. Buys 51,529 Shares of Datadog, Inc. $DDOG

Key Points

• APG Asset Management N.V. increased its stake in Datadog, Inc. by 348.0% during Q1, acquiring 51,529 additional shares, bringing its total holdings to over 66,000 shares valued at approximately $6.1 million.
• A number of analysts have set new price targets for Datadog, with Bank of America raising theirs to $175.00 while Guggenheim maintains a sell rating at a target of $105.00.
• Insider trading activity included CEO Olivier Pomel's sale of 32,923 shares for approximately $4.3 million, marking a notable 5.66% reduction in his ownership.

APG Asset Management N.V. grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 348.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,335 shares of the company's stock after purchasing an additional 51,529 shares during the quarter. APG Asset Management N.V.'s holdings in Datadog were worth $6,092,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Datadog by 5.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,337 shares of the company's stock valued at $1,819,000 after purchasing an additional 940 shares in the last quarter. Groupe la Francaise bought a new position in shares of Datadog in the first quarter valued at approximately $6,274,000. AlphaQuest LLC bought a new position in shares of Datadog in the first quarter valued at approximately $811,000. Allstate Corp lifted its holdings in shares of Datadog by 48.8% in the first quarter. Allstate Corp now owns 12,282 shares of the company's stock valued at $1,218,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Arnhold LLC lifted its holdings in shares of Datadog by 81.1% in the first quarter. Arnhold LLC now owns 4,833 shares of the company's stock valued at $479,000 after purchasing an additional 2,164 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on DDOG shares. Guggenheim restated a "sell" rating and issued a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Bank of America increased their price target on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Macquarie decreased their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Canaccord Genuity Group increased their price target on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group increased their price target on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Insiders Place Their Bets

In other news, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction on Friday, August 8th. The stock was sold at an average price of $136.59, for a total value of $301,863.90. Following the completion of the transaction, the director directly owned 6,347 shares in the company, valued at approximately $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction on Monday, August 11th. The shares were sold at an average price of $130.38, for a total value of $4,292,500.74. Following the completion of the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at approximately $71,541,461.70. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 930,139 shares of company stock valued at $119,207,009. Company insiders own 8.70% of the company's stock.

Datadog Stock Performance

NASDAQ:DDOG opened at $126.31 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The business has a fifty day simple moving average of $136.99 and a two-hundred day simple moving average of $119.45. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a market capitalization of $44.05 billion, a P/E ratio of 360.90, a P/E/G ratio of 52.95 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the business posted $0.43 earnings per share. The business's revenue for the quarter was up 28.1% on a year-over-year basis. 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 expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.

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