AQR Capital Management LLC Acquires 469,642 Shares of Datadog, Inc. $DDOG

Key Points

• AQR Capital Management LLC increased its stake in Datadog, Inc. by 103.2% during the first quarter, acquiring an additional 469,642 shares.
• Datadog reported a quarterly revenue of $826.76 million, exceeding analysts' estimates, alongside an earnings per share (EPS) of $0.46, beating consensus estimates by $0.05.
• Currently, Datadog's stock is receiving a majority "buy" ratings from analysts, with an average price target of $153.10.

AQR Capital Management LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 103.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 924,684 shares of the company's stock after acquiring an additional 469,642 shares during the period. AQR Capital Management LLC owned 0.27% of Datadog worth $90,346,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new position in shares of Datadog in the 4th quarter worth about $209,000. Bison Wealth LLC acquired a new stake in Datadog during the 4th quarter valued at approximately $228,000. Aptus Capital Advisors LLC acquired a new stake in Datadog during the 4th quarter valued at approximately $305,000. Benjamin Edwards Inc. grew its position in shares of Datadog by 167.2% in the 4th quarter. Benjamin Edwards Inc. now owns 6,261 shares of the company's stock worth $895,000 after acquiring an additional 3,918 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Datadog by 17.6% in the 4th quarter. Captrust Financial Advisors now owns 11,190 shares of the company's stock worth $1,599,000 after acquiring an additional 1,677 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In related news, CFO David M. Obstler sold 12,619 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $1,689,053.15. Following the completion of the transaction, the chief financial officer owned 386,651 shares of the company's stock, valued at approximately $51,753,236.35. The trade was a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 10,622 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total value of $1,421,754.70. Following the transaction, the executive directly owned 201,702 shares of the company's stock, valued at $26,997,812.70. This represents a 5.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,373,448 shares of company stock worth $179,825,785 in the last 90 days. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Scotiabank reiterated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Bank of America boosted their price objective on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Needham & Company LLC restated a "buy" rating and issued a $175.00 target price on shares of Datadog in a report on Thursday, August 14th. Finally, 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. Twenty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Stock Up 0.7%

NASDAQ DDOG traded up $0.92 on Wednesday, reaching $141.38. The stock had a trading volume of 2,335,861 shares, compared to its average volume of 5,796,103. The business has a 50 day moving average price of $137.99 and a 200 day moving average price of $119.55. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. 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 $49.30 billion, a price-to-earnings ratio of 404.29, a P/E/G ratio of 54.93 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last issued 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's quarterly revenue was up 28.1% compared to the same quarter last year. 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.

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.