Datadog, Inc. $DDOG Shares Acquired by Dakota Wealth Management

Key Points

• Dakota Wealth Management increased its stake in Datadog, Inc. by 55.9%, bringing its total holdings to 6,518 shares valued at approximately $876,000.
• Analysts have recently upgraded Datadog's stock ratings, with price targets reaching as high as $179.00 from various firms, signaling a consensus rating of "Moderate Buy".
• Datadog reported a quarterly revenue increase of 28.1% year-over-year, achieving $826.76 million and exceeding analyst expectations.

Dakota Wealth Management grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 55.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,518 shares of the company's stock after purchasing an additional 2,336 shares during the period. Dakota Wealth Management's holdings in Datadog were worth $876,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. LeConte Wealth Management LLC acquired a new position in shares of Datadog in the second quarter valued at approximately $346,000. Palumbo Wealth Management LLC purchased a new stake in shares of Datadog in the second quarter valued at approximately $231,000. TD Private Client Wealth LLC boosted its stake in shares of Datadog by 42.0% in the second quarter. TD Private Client Wealth LLC now owns 9,458 shares of the company's stock valued at $1,270,000 after buying an additional 2,798 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Datadog by 2.4% in the second quarter. Public Employees Retirement System of Ohio now owns 95,850 shares of the company's stock valued at $12,876,000 after buying an additional 2,232 shares in the last quarter. Finally, Northside Capital Management LLC boosted its stake in shares of Datadog by 2.6% in the second quarter. Northside Capital Management LLC now owns 35,860 shares of the company's stock valued at $4,817,000 after buying an additional 912 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Thursday, June 12th. Bank of America lifted their price target on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. DA Davidson set a $160.00 price target on Datadog and gave the company a "buy" rating in a research note on Tuesday, August 5th. Mizuho boosted their target price on Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Cantor Fitzgerald boosted their target price on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Stock Performance

NASDAQ DDOG opened at $139.07 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock has a market cap of $48.50 billion, a price-to-earnings ratio of 397.35, a price-to-earnings-growth ratio of 55.06 and a beta of 1.10. The business has a fifty day moving average of $136.33 and a 200-day moving average of $121.91. 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 released 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 firm 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 quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior 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. As a group, analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In related news, Director Amit Agarwal sold 44,444 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $138.34, for a total value of $6,148,382.96. Following the completion of the transaction, the director directly owned 1,640 shares in the company, valued at approximately $226,877.60. This represents a 96.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 219,831 shares of the company's stock, valued at $27,909,743.76. The trade was 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 1,337,175 shares of company stock worth $176,025,977. 8.70% of the stock is currently owned by insiders.

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.

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