Banque Transatlantique SA Raises Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Banque Transatlantique SA significantly increased its stake in Datadog, Inc., raising its holdings by 484.6% to a total worth of $268,000 after acquiring 2,423 additional shares in the first quarter.
• Datadog's latest quarterly earnings beat expectations with $826.76 million in revenue, surpassing analysts' estimates of $791.72 million, indicating a 28.1% year-over-year growth.
• Institutional investors hold 78.29% of Datadog's stock, reflecting strong confidence in the company's performance, as evidenced by several analysts upgrading their price targets for the stock.

Banque Transatlantique SA increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 484.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,923 shares of the company's stock after acquiring an additional 2,423 shares during the quarter. Banque Transatlantique SA's holdings in Datadog were worth $268,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after acquiring an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC increased its holdings in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new stake in Datadog in the 1st quarter worth about $30,000. Putney Financial Group LLC purchased a new position in Datadog during the 4th quarter valued at about $32,000. Finally, Elequin Capital LP purchased a new position in Datadog during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of recent analyst reports. Wedbush reaffirmed an "outperform" rating and set a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Citigroup lifted their target price on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 18th. Monness Crespi & Hardt lifted their target price on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Guggenheim reaffirmed a "sell" rating and set a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Twenty-four 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. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 100,754 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the completion of the transaction, the chief executive officer owned 548,715 shares in the company, valued at $72,364,534.20. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold a total of 1,373,448 shares of company stock worth $179,825,785 over the last quarter. 8.70% of the stock is owned by corporate insiders.

Datadog Trading Up 0.7%

DDOG stock traded up $0.92 during midday trading on Wednesday, hitting $141.38. The company had a trading volume of 2,335,861 shares, compared to its average volume of 5,796,103. 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 52 week low of $81.63 and a 52 week high of $170.08. The stock's 50 day moving average price is $137.99 and its 200 day moving average price is $119.55. The stock has a market cap of $49.30 billion, a price-to-earnings ratio of 404.29, a PEG ratio of 54.93 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business's revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, equities research analysts expect 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.