Datadog, Inc. $DDOG Position Boosted by Ieq Capital LLC

Key Points

• Ieq Capital LLC increased its holdings in Datadog, Inc. by 5.4%, owning 429,909 shares valued at approximately $42.65 million following an acquisition of 22,074 additional shares.
• Several other large investors also enhanced their stakes, with Wealth Enhancement Advisory Services increasing by 32% and Motley Fool Asset Management boosting theirs by 149%.
• Analysts maintain a favorable outlook, with Datadog receiving 24 Buy ratings and an average target price of $153.10, while one analyst has given a Sell rating.

Ieq Capital LLC grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 429,909 shares of the company's stock after purchasing an additional 22,074 shares during the quarter. Ieq Capital LLC owned 0.13% of Datadog worth $42,651,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DDOG. Brighton Jones LLC acquired a new position in shares of Datadog during the fourth quarter worth about $209,000. Dimensional Fund Advisors LP lifted its stake in shares of Datadog by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 368,049 shares of the company's stock worth $52,593,000 after acquiring an additional 30,941 shares in the last quarter. Integrated Wealth Concepts LLC lifted its stake in shares of 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. lifted its stake in shares of Datadog by 11.6% in 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 in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Datadog in the fourth quarter worth about $2,232,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity

In other news, CEO Olivier Pomel sold 107,365 shares of the company's 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 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 ownership of the stock. 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 company's stock in a transaction that occurred 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 transaction, the director directly owned 219,831 shares of the company's stock, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,613,650 shares of company stock valued at $206,313,892. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wedbush reiterated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. Citigroup boosted their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Morgan Stanley boosted their price target on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. DA Davidson set a $160.00 price target on Datadog and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Finally, UBS Group set a $165.00 price objective on Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $4.28 during trading on Friday, hitting $136.68. 5,105,132 shares of the company traded hands, compared to its average volume of 6,100,649. The stock has a market capitalization 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 business's fifty day moving average is $137.42 and its 200-day moving average is $119.24. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business's revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal 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.