Datadog, Inc. $DDOG Shares Acquired by Champlain Investment Partners LLC

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

A number of other large investors have also recently bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd boosted its position in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC purchased a new stake in Datadog in the 1st quarter worth approximately $30,000. Putney Financial Group LLC purchased a new stake in Datadog in the 4th quarter worth approximately $32,000. Finally, Elequin Capital LP purchased a new stake in Datadog in the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares of the company's stock, valued at approximately $66,784,102.65. This represents a 16.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,517,772 shares of company stock valued at $195,091,898. 8.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on DDOG. Rosenblatt Securities lowered their price objective on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Jefferies Financial Group upped their price objective on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Needham & Company LLC restated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research report on Thursday, August 14th. Citigroup upped their price objective on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Finally, Macquarie lowered their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $153.10.

Datadog Price Performance

Shares of DDOG stock traded down $4.28 during trading hours on Monday, hitting $136.68. 5,105,132 shares of the company's stock were exchanged, compared to its average volume of 6,052,554. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $47.67 billion, a P/E ratio of 390.53, a P/E/G ratio of 56.37 and a beta of 1.11. The firm has a 50 day moving average of $137.42 and a two-hundred day moving average of $119.12. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share 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 business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period in the prior year, the company posted $0.43 EPS. The business'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. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

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.