Covea Finance Has $5.45 Million Stake in Datadog, Inc. $DDOG

Key Points

• Covea Finance increased its stake in Datadog, Inc. by 21.6%, holding a total of 40,600 shares valued at approximately $5.45 million as of the end of the second quarter.
• Institutional investors own 78.29% of Datadog's stock, with a number of firms acquiring new positions or increasing their holdings recently.
• Datadog's quarterly earnings report showed a net margin of 4.13% and a year-over-year revenue increase of 28.1%, exceeding analyst expectations.

Covea Finance lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 21.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,600 shares of the company's stock after buying an additional 7,200 shares during the quarter. Covea Finance's holdings in Datadog were worth $5,454,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DDOG. Brighton Jones LLC acquired a new position in Datadog during the fourth quarter valued at approximately $209,000. Bison Wealth LLC bought a new stake in shares of Datadog in the fourth quarter worth $228,000. Vise Technologies Inc. bought a new stake in shares of Datadog in the fourth quarter worth $263,000. GTS Securities LLC lifted its position in shares of Datadog by 12.6% in the fourth quarter. GTS Securities LLC now owns 1,598 shares of the company's stock worth $228,000 after purchasing an additional 179 shares in the last quarter. Finally, Forum Financial Management LP bought a new stake in shares of Datadog in the fourth quarter worth $275,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

DDOG has been the topic of a number of research reports. Wolfe Research raised shares of 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. Wedbush reiterated an "outperform" rating and issued a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Canaccord Genuity Group upped their price target on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. DA Davidson set a $160.00 price target on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Scotiabank restated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Twenty-four 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 company's stock. According to data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Activity at Datadog

In other news, Director Amit Agarwal sold 10,094 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $134.36, for a total transaction of $1,356,229.84. Following the completion of the sale, the director owned 1,640 shares of the company's stock, valued at $220,350.40. This trade represents a 86.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Adam Blitzer sold 7,950 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total transaction of $1,050,433.50. Following the sale, the chief operating officer directly owned 181,728 shares of the company's stock, valued at approximately $24,011,720.64. This trade represents a 4.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,449,792 shares of company stock worth $190,786,777. Corporate insiders own 8.70% of the company's stock.

Datadog Stock Down 0.3%

Datadog stock opened at $138.37 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The firm has a 50 day moving average price of $136.69 and a two-hundred day moving average price of $121.05. The firm has a market cap of $48.25 billion, a price-to-earnings ratio of 395.35, a PEG ratio of 54.96 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter last year, the business earned $0.43 EPS. The company's revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Equities analysts predict 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.

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