Assenagon Asset Management S.A. Has $213.52 Million Stock Holdings in Datadog, Inc. $DDOG

Assenagon Asset Management S.A. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 820,104 shares of the company's stock after selling 65,937 shares during the period. Assenagon Asset Management S.A. owned 0.23% of Datadog worth $213,522,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company's stock worth $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Norges Bank bought a new stake in shares of Datadog in the 4th quarter valued at $469,461,000. Jennison Associates LLC increased its stake in shares of Datadog by 43.7% in the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company's stock valued at $1,036,787,000 after acquiring an additional 2,316,994 shares in the last quarter. Invesco Ltd. lifted its position in shares of Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company's stock valued at $580,383,000 after acquiring an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board acquired a new position in shares of Datadog during the 4th quarter valued at $251,582,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Oppenheimer increased their target price on shares of Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research note on Monday, July 20th. Stifel Nicolaus set a $305.00 price objective on shares of Datadog in a report on Thursday, May 7th. Benchmark reissued a "buy" rating on shares of Datadog in a research report on Tuesday, July 28th. Mizuho raised their target price on Datadog from $220.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Finally, Evercore raised their target price on Datadog from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average price target of $272.48.

More Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog reported second-quarter revenue of $1.12 billion, up 35.6% year over year and above the $1.08 billion consensus estimate. Adjusted earnings of $0.65 per share also exceeded expectations of $0.58, compared with $0.46 a year earlier. Datadog Q2 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised its full-year 2026 outlook, calling for approximately $4.5 billion in revenue and $2.50-$2.54 in EPS, both above Wall Street expectations. Third-quarter EPS guidance of $0.63-$0.65 was also ahead of the $0.52 consensus, although the revenue range was broadly in line with estimates. Datadog Beats Estimates and Raises FY2026 Outlook
• Neutral Sentiment: Director Michael James Callahan sold 12,500 shares worth about $3.6 million under a pre-arranged Rule 10b5-1 trading plan. While the sale reduced his direct holdings by roughly 45%, the planned nature of the transaction limits its significance as a current signal about the business. Datadog Director Stock Sale Filing
• Negative Sentiment: Investors were concerned that bookings growth is decelerating and that a major artificial-intelligence customer may reduce usage, potentially pressuring future consumption-based revenue. Datadog’s outlook was viewed as insufficient for a stock that had recently reached record highs and was priced for very strong growth. Datadog Says Lower Usage From Major AI Customer Could Dent Growth
• Negative Sentiment: The selloff reflects profit-taking and a valuation reset rather than a disappointing quarter: Datadog’s very high earnings multiple left little room for slower bookings, softer revenue expectations, or customer-usage risks. Datadog Stock Falls as High Bar and Cooling Bookings Offset Strong Quarter

Insider Buying and Selling at Datadog

In related news, Director Amit Agarwal sold 20,000 shares of the company's stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $266.82, for a total value of $5,336,400.00. Following the sale, the director owned 1,640 shares in the company, valued at $437,584.80. This represents a 92.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 12,500 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $287.47, for a total transaction of $3,593,375.00. Following the completion of the transaction, the director directly owned 14,996 shares in the company, valued at approximately $4,310,900.12. The trade was a 45.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,375,022 shares of company stock worth $327,029,246. 6.48% of the stock is currently owned by insiders.

Datadog Stock Performance

Shares of DDOG stock opened at $229.29 on Friday. The firm has a market capitalization of $81.62 billion, a PE ratio of 603.41, a price-to-earnings-growth ratio of 28.69 and a beta of 1.54. The firm has a fifty day simple moving average of $249.56 and a two-hundred day simple moving average of $177.45. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm earned $0.46 earnings per share. The business's quarterly revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Analysts forecast that Datadog, Inc. will post 0.64 EPS for the current fiscal year.

Datadog Company Profile

Datadog NASDAQ: DDOG is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog's platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company's product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.

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