Caisse DE Depot ET Placement DU Quebec Buys 53,042 Shares of Datadog, Inc. $DDOG

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Datadog, acquiring an additional 53,042 shares, bringing its total holdings to 83,408 shares valued at $8.27 million after a 174.7% raise in the first quarter.
• Datadog's recent earnings report revealed $0.46 EPS, beating analysts' expectations and showing a 28.1% year-over-year revenue growth of $826.76 million.
• The stock has received multiple analysts' upgrades, with a consensus rating of "Moderate Buy" and an average target price of $153.10, suggesting further growth potential.

Caisse DE Depot ET Placement DU Quebec increased its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 174.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,408 shares of the company's stock after buying an additional 53,042 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Datadog were worth $8,275,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

DDOG has been the topic of several recent analyst reports. Monness Crespi & Hardt increased their target price on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a research report on Thursday, June 12th. Bank of America boosted their target price on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. UBS Group set a $165.00 target price on shares of Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Twenty-four investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Activity

In related news, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares of the company's stock, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $119.96, for a total value of $15,247,515.80. Following the completion of the sale, the chief technology officer owned 452,769 shares of the company's stock, valued at $54,314,169.24. The trade was a 21.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,503,062 shares of company stock valued at $193,352,588 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

Datadog Stock Performance

Shares of Datadog stock traded down $1.99 on Tuesday, hitting $134.69. 4,846,147 shares of the company's stock were exchanged, compared to its average volume of 5,877,499. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a 50-day simple moving average of $137.64 and a 200-day simple moving average of $119.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market capitalization of $46.97 billion, a PE ratio of 384.84, a PEG ratio of 56.37 and a beta of 1.10.

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 firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period in the prior year, the business posted $0.43 EPS. Datadog's 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 analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Datadog Company 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.