Ardmore Road Asset Management LP Boosts Holdings in Datadog, Inc. $DDOG

Key Points

• Ardmore Road Asset Management LP increased its stake in Datadog, Inc. by 100% in Q1, now holding 200,000 shares valued at approximately $19.84 million, making it the 20th largest holding in their portfolio.
• CEO Olivier Pomel and Director Matthew Jacobson both sold significant shares, with Pomel's sale representing a 16.36% decrease in his position and Jacobson reducing his stake by 72.37%.
• Recently, several institutional investors, including Wealth Enhancement Advisory Services and Motley Fool Asset Management, notably increased their holdings in Datadog, with 78.29% of the stock currently owned by institutional investors.

Ardmore Road Asset Management LP increased its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 100.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the company's stock after buying an additional 100,000 shares during the period. Datadog comprises approximately 2.0% of Ardmore Road Asset Management LP's investment portfolio, making the stock its 20th biggest holding. Ardmore Road Asset Management LP owned about 0.06% of Datadog worth $19,842,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its stake in Datadog by 32.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after buying an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC raised its stake in Datadog by 149.0% in the first 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 raised its stake in Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. raised 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 worth $78,112,000 after buying an additional 156,152 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new position in Datadog in the fourth quarter worth approximately $314,000. Institutional investors own 78.29% of the company's stock.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 41,468 shares of the company's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $139.27, for a total value of $5,775,248.36. Following the sale, the chief technology officer directly owned 452,769 shares of the company's stock, valued at approximately $63,057,138.63. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,370,322 shares of company stock valued at $177,758,990 in the last ninety days. Company insiders own 8.70% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $1.09 during mid-day trading on Thursday, hitting $131.52. The stock had a trading volume of 1,240,280 shares, compared to its average volume of 5,826,991. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The company has a 50 day moving average of $137.69 and a two-hundred day moving average of $119.36. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The firm has a market cap of $45.87 billion, a PE ratio of 376.29, a PEG ratio of 56.37 and a beta of 1.10.

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, beating the consensus estimate 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 period in the prior year, the firm earned $0.43 EPS. The firm's revenue 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. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DDOG. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research report on Wednesday, May 7th. Barclays set a $170.00 price target on Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Guggenheim reaffirmed a "sell" rating and set a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. Citigroup upped their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Twenty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.