Broadleaf Partners LLC Has $3.99 Million Stake in Datadog, Inc. $DDOG

Key Points

• Broadleaf Partners LLC reduced its stake in Datadog by 28.9%, now holding 40,189 shares valued at approximately $3.99 million as of the latest quarter.
• Analysts show strong confidence in Datadog, with a consensus target price of $153.10 and a majority rating of "Buy" from 24 research analysts.
• Insider trading activity remains significant, with CEO Olivier Pomel selling over 107,000 shares and a decrease in ownership of 16.36% following the transaction.

Broadleaf Partners LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 28.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,189 shares of the company's stock after selling 16,317 shares during the quarter. Broadleaf Partners LLC's holdings in Datadog were worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Goldman Sachs Group Inc. increased its stake in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Datadog by 17,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after purchasing an additional 3,993,707 shares in the last quarter. Brown Advisory Inc. increased its position in Datadog by 2,804.2% during the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock worth $392,830,000 after buying an additional 2,654,512 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after buying an additional 1,369,522 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after buying an additional 1,261,065 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on DDOG. Morgan Stanley increased their price objective on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Wedbush reiterated an "outperform" rating and set a $140.00 price target on shares of Datadog in a report on Wednesday, June 11th. Macquarie dropped their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Bank of America upped their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wolfe Research upgraded shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research note on Thursday, June 12th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Buying and Selling at Datadog

In other news, CFO David M. Obstler sold 35,016 shares of Datadog stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $117.40, for a total transaction of $4,110,878.40. Following the sale, the chief financial officer directly owned 399,270 shares in the company, valued at approximately $46,874,298. The trade was a 8.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $119.96, for a total value of $15,247,515.80. Following the sale, the chief technology officer directly owned 452,769 shares in the company, valued at $54,314,169.24. The trade was a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 930,139 shares of company stock worth $119,207,009. Corporate insiders own 8.70% of the company's stock.

Datadog Stock Performance

DDOG stock traded up $9.23 during trading on Thursday, reaching $140.96. 9,297,731 shares of the stock were exchanged, compared to its average volume of 5,878,817. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. 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 capitalization of $49.16 billion, a P/E ratio of 402.75, a price-to-earnings-growth ratio of 52.09 and a beta of 1.02. The stock has a 50 day simple moving average of $137.02 and a 200-day simple moving average of $119.54.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the company 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 anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.