Champlain Investment Partners LLC Raises Position in Datadog, Inc. $DDOG

Key Points

• Champlain Investment Partners LLC increased its holdings in Datadog, Inc. by 12.6%, owning approximately 0.20% of the company valued at $67.9 million after purchasing an additional 76,530 shares in the first quarter.
• Datadog reported a quarterly EPS of $0.46, beating analyst expectations of $0.41 and a revenue of $826.76 million, marking a 28.1% increase compared to the same quarter last year.
• Several brokerages raised their price targets for Datadog, with Canaccord Genuity lifting theirs from $145.00 to $160.00, indicating a strong buy sentiment among analysts.

Champlain Investment Partners LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 12.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 684,370 shares of the company's stock after acquiring an additional 76,530 shares during the period. Champlain Investment Partners LLC owned 0.20% of Datadog worth $67,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DDOG. Brighton Jones LLC acquired a new stake in shares of Datadog in the 4th quarter worth $209,000. Dimensional Fund Advisors LP raised its stake in Datadog by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 368,049 shares of the company's stock valued at $52,593,000 after buying an additional 30,941 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Datadog by 2.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 7,909 shares of the company's stock worth $1,130,000 after acquiring an additional 174 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Datadog by 11.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 4,490 shares of the company's stock worth $642,000 after acquiring an additional 466 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Datadog during the fourth quarter valued at about $2,232,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Datadog

In related news, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $136.59, for a total value of $301,863.90. Following the completion of the transaction, the director owned 6,347 shares in the company, valued at $866,936.73. The trade was a 25.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shardul Shah sold 7,924 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total value of $1,115,699.20. Following the transaction, the director owned 380,281 shares in the company, valued at $53,543,564.80. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,613,650 shares of company stock worth $206,313,892. 8.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DDOG has been the subject of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $140.00 target price on shares of Datadog in a research note on Wednesday, June 11th. Mizuho raised their price target on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $119.00 price objective on shares of Datadog in a report on Wednesday, May 7th. Scotiabank reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Stock Performance

NASDAQ:DDOG traded down $4.28 during mid-day trading on Friday, hitting $136.68. The company's stock had a trading volume of 5,105,132 shares, compared to its average volume of 6,100,649. The business's fifty day moving average is $137.42 and its two-hundred day moving average is $119.24. The stock has a market cap of $47.67 billion, a price-to-earnings ratio of 390.53, a PEG ratio of 56.37 and a beta of 1.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal 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.