Congress Asset Management Co. bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 526,641 shares of the company's stock, valued at approximately $52,248,000. Congress Asset Management Co. owned about 0.15% of Datadog as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Datadog by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,354,229 shares of the company's stock worth $4,337,316,000 after buying an additional 220,527 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Datadog by 15.8% in the 4th quarter. Baillie Gifford & Co. now owns 10,905,133 shares of the company's stock worth $1,558,234,000 after purchasing an additional 1,484,562 shares during the last quarter. Groupama Asset Managment lifted its holdings in shares of Datadog by 407.6% in the 4th quarter. Groupama Asset Managment now owns 6,600,000 shares of the company's stock worth $943,074,000 after purchasing an additional 5,299,688 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Datadog by 9.6% in the 4th quarter. Geode Capital Management LLC now owns 5,684,612 shares of the company's stock worth $811,076,000 after purchasing an additional 499,055 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Datadog by 16.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,476,279 shares of the company's stock worth $639,616,000 after purchasing an additional 625,429 shares during the last quarter. Institutional investors own 78.29% of the company's stock.
Wall Street Analysts Forecast Growth
DDOG has been the topic of several recent research reports. Wolfe Research downgraded Datadog from an "outperform" rating to a "peer perform" rating in a report on Tuesday, February 18th. Canaccord Genuity Group cut their price target on Datadog from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. Citigroup cut their price target on Datadog from $170.00 to $165.00 and set a "buy" rating on the stock in a report on Friday, February 14th. Morgan Stanley cut their price target on Datadog from $143.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Scotiabank set a $130.00 target price on Datadog and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Seven investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $141.04.
Check Out Our Latest Stock Analysis on DDOG
Insider Transactions at Datadog
In related news, CTO Alexis Le-Quoc sold 127,105 shares of Datadog stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $102.15, for a total transaction of $12,983,775.75. Following the completion of the sale, the chief technology officer now owns 371,865 shares of the company's stock, valued at approximately $37,986,009.75. This trade represents a 25.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Sean Michael Walters sold 8,454 shares of Datadog stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $102.04, for a total value of $862,646.16. Following the sale, the executive now directly owns 185,871 shares of the company's stock, valued at approximately $18,966,276.84. The trade was a 4.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 728,776 shares of company stock valued at $78,705,625 over the last quarter. Company insiders own 8.70% of the company's stock.
Datadog Stock Up 0.3%
Shares of NASDAQ DDOG opened at $122.16 on Friday. The stock has a market capitalization of $42.19 billion, a price-to-earnings ratio of 239.53, a PEG ratio of 44.03 and a beta of 1.12. The stock's fifty day simple moving average is $105.14 and its 200 day simple moving average is $124.53. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.
Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.04. The business had revenue of $761.55 million for the quarter, compared to analysts' expectations of $741.73 million. Datadog had a return on equity of 8.28% and a net margin of 6.85%. The company's quarterly revenue was up 24.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.44 EPS. As a group, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.
About Datadog
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Datadog, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Datadog wasn't on the list.
While Datadog currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
