BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Stock Position in Datadog, Inc. $DDOG

Key Points

• BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Datadog, Inc. by 178.6%, owning a total of 91,046 shares valued at $9,032,000 after acquiring an additional 58,369 shares.
• Datadog's stock recently saw a price increase of 2.2%, with a current market capitalization of $44.38 billion and a P/E ratio of 363.58.
• Recent earnings reported an EPS of $0.46, beating expectations, and revenue of $826.76 million, representing a 28.1% increase from the previous year.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 178.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,046 shares of the company's stock after buying an additional 58,369 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in Datadog were worth $9,032,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in shares of Datadog by 887.0% in 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 during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC acquired a new position in shares of Datadog in the 1st quarter valued at about $30,000. Putney Financial Group LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $32,000. Finally, Elequin Capital LP acquired a new position in shares of Datadog in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Price Performance

NASDAQ:DDOG traded down $0.53 during trading hours on Wednesday, hitting $128.46. 3,914,633 shares of the stock were exchanged, compared to its average volume of 5,995,674. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm's fifty day moving average price is $136.48 and its 200 day moving average price is $120.05. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $44.80 billion, a P/E ratio of 367.04, a P/E/G ratio of 53.20 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping 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 company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period in the previous year, the business earned $0.43 EPS. Datadog's quarterly 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. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DDOG shares. BTIG Research set a $136.00 price objective on Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Monness Crespi & Hardt lifted their price target on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Macquarie cut their price target on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Citigroup lifted their price target on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Monday. Finally, Guggenheim restated a "sell" rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the completion of the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $71,541,461.70. The trade was a 5.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the business's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total value of $5,576,201.96. Following the sale, the chief technology officer owned 452,769 shares of the company's stock, valued at approximately $60,883,847.43. This trade represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 846,051 shares of company stock worth $107,936,283 in the last quarter. Corporate insiders own 8.70% of the company's stock.

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.