Datadog, Inc. $DDOG Shares Acquired by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Datadog, Inc. by 299.9%, acquiring an additional 3,020 shares during the 1st quarter, bringing its total holdings to 4,027 shares valued at approximately $400,000.
• Datadog's recent earnings report revealed $0.46 EPS, surpassing analyst expectations, with revenue of $826.76 million—up 28.1% compared to the same quarter last year.
• Institutional investors collectively own 78.29% of Datadog's stock, indicating strong interest and confidence in the company's performance.

Bayforest Capital Ltd boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 299.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,027 shares of the company's stock after buying an additional 3,020 shares during the quarter. Bayforest Capital Ltd's holdings in Datadog were worth $400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after buying an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC increased its position in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the period. Costello Asset Management INC purchased a new position in Datadog during the 1st quarter valued at 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. Institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

DDOG stock traded down $2.65 during trading on Friday, reaching $136.50. The company had a trading volume of 3,032,652 shares, compared to its average volume of 4,190,323. The firm has a 50-day simple moving average of $137.36 and a 200-day simple moving average of $119.98. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 390.01, a price-to-earnings-growth ratio of 54.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. 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, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, General Counsel Kerry Acocella sold 5,142 shares of Datadog stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $688,256.70. Following the completion of the sale, the general counsel directly owned 97,377 shares in the company, valued at $13,033,911.45. This trade represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 12,619 shares of Datadog stock in a transaction that occurred on 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 sale, the chief financial officer owned 386,651 shares of the company's stock, valued at $51,753,236.35. This trade represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,406,371 shares of company stock worth $184,294,753 over the last ninety days. Company insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Cantor Fitzgerald raised their target price on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Jefferies Financial Group raised their target price on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 4th. UBS Group set a $165.00 target price on shares of Datadog and gave the company a "buy" rating in a research report on Thursday, August 7th. Citigroup raised their target price on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price 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.