Credit Agricole S A Acquires 58,708 Shares of Datadog, Inc. $DDOG

Key Points

• Credit Agricole S A has increased its holdings in Datadog, Inc. by 23.6% in the first quarter, now owning a total of 306,974 shares valued at approximately $30.5 million.
• Several other large investors have also bought or increased their stakes in Datadog, indicating a strong interest from institutional investors, who collectively own 78.29% of the company’s stock.
• Datadog reported strong earnings, with $0.46 earnings per share for the last quarter, surpassing analysts' expectations, and confirmed a revenue of $826.76 million, which is a 28.1% year-over-year increase.

Credit Agricole S A lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306,974 shares of the company's stock after acquiring an additional 58,708 shares during the quarter. Credit Agricole S A owned approximately 0.09% of Datadog worth $30,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DDOG. Goldman Sachs Group Inc. raised its position in shares of Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Datadog by 17,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after purchasing an additional 3,993,707 shares in the last quarter. Brown Advisory Inc. increased its holdings in Datadog by 2,804.2% in the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock worth $392,830,000 after purchasing an additional 2,654,512 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Datadog by 341.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock worth $155,694,000 after purchasing an additional 1,213,475 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DDOG shares. Morgan Stanley lifted their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Canaccord Genuity Group lifted their target price on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Rosenblatt Securities lowered their target price on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a report on Monday, May 5th. Stifel Nicolaus lifted their target price on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company lowered their target price on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a 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 issued a Sell rating to the stock. According to data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Stock Up 1.6%

Datadog stock traded up $2.07 during mid-day trading on Friday, reaching $131.22. The stock had a trading volume of 3,826,266 shares, compared to its average volume of 6,020,662. 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 fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock's 50-day simple moving average is $136.83 and its 200-day simple moving average is $119.85. The firm has a market capitalization of $45.76 billion, a PE ratio of 374.92, a price-to-earnings-growth ratio of 53.27 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total value of $2,925,500.00. Following the transaction, the director directly owned 76,052 shares in the company, valued at approximately $8,899,605.04. The trade was a 24.74% decrease in their position. The disclosure for this sale can be found here. Insiders sold 846,051 shares of company stock worth $107,936,283 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

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.