Stony Point Capital LLC Has $38.20 Million Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Stony Point Capital LLC increased its holdings in Datadog, Inc. by 112.5% in the first quarter, making it the 4th largest position in their portfolio, comprising 3.9% of their investments.
• Analyst forecasts for Datadog are optimistic, with a consensus target price of $153.10 and a majority rating of "Buy" from 24 out of 30 analysts.
• In the latest earnings report, Datadog surpassed expectations with $0.46 EPS and $826.76 million in revenue, marking a 28.1% increase year-over-year.

Stony Point Capital LLC lifted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 112.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 385,054 shares of the company's stock after buying an additional 203,842 shares during the period. Datadog makes up 3.9% of Stony Point Capital LLC's portfolio, making the stock its 4th biggest position. Stony Point Capital LLC owned 0.11% of Datadog worth $38,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC purchased a new stake in shares of Datadog in the first quarter worth about $30,000. Putney Financial Group LLC purchased a new stake in shares of Datadog in the fourth quarter worth about $32,000. Finally, Elequin Capital LP purchased a new stake in shares of Datadog in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

DDOG traded down $1.99 during trading hours on Tuesday, hitting $134.69. The company's stock had a trading volume of 4,842,526 shares, compared to its average volume of 5,867,976. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $46.97 billion, a PE ratio of 384.84, a PEG ratio of 56.37 and a beta of 1.11. The company has a 50-day simple moving average of $137.56 and a 200 day simple moving average of $119.16.

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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. During the same period last year, the firm earned $0.43 EPS. The firm'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. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DDOG shares. Canaccord Genuity Group increased their price target on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company reduced their price target on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. DA Davidson set a $160.00 price target on Datadog and gave the company a "buy" rating in a report on Tuesday, August 5th. Stifel Nicolaus increased their price target on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Finally, Jefferies Financial Group increased their price target on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 4th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Insider Transactions at Datadog

In other Datadog news, Director Shardul Shah sold 7,924 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the transaction, the director directly owned 380,281 shares of the company's stock, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 107,648 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $130.01, for a total value of $13,995,316.48. Following the transaction, the director directly owned 176,311 shares of the company's stock, valued at approximately $22,922,193.11. The trade was a 37.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,503,062 shares of company stock worth $193,352,588 over the last quarter. Insiders own 8.70% of the company's stock.

Datadog Profile

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.