Datadog, Inc. $DDOG Shares Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. has increased its stake in Datadog, Inc. by 8.7%, owning 107,400 shares valued at approximately $14.43 million as of the end of the latest quarter.
• Analysts have issued strong buy ratings for Datadog, with price targets ranging from $160 to $179, indicating positive sentiment about the company's future performance.
• Datadog's recent earnings report exceeded expectations, with revenue growth of 28.1% year-over-year and an earnings per share of $0.46, surpassing the estimated $0.41.

Mn Services Vermogensbeheer B.V. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 8.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,400 shares of the company's stock after purchasing an additional 8,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Datadog were worth $14,427,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Biltmore Wealth Management LLC lifted its holdings in shares of Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock valued at $769,000 after purchasing an additional 86 shares in the last quarter. Emerald Advisers LLC grew its position in Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after buying an additional 97 shares in the last quarter. YANKCOM Partnership grew its position in Datadog by 12.0% during the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after buying an additional 99 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after purchasing an additional 113 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company's stock valued at $76,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Cantor Fitzgerald increased their price objective on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Jefferies Financial Group increased their target price on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Citigroup raised their target price on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Bank of America raised their price target on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, DA Davidson set a $160.00 price target on Datadog and gave the stock a "buy" rating in a research report on Tuesday, August 5th. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 5,142 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $688,256.70. Following the completion of the sale, the general counsel owned 97,377 shares in the company, valued at approximately $13,033,911.45. This represents a 5.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 owned 181,728 shares of the company's stock, valued at $24,011,720.64. This represents a 4.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,449,792 shares of company stock worth $190,786,777 in the last 90 days. Corporate insiders own 8.70% of the company's stock.

Datadog Stock Performance

NASDAQ:DDOG traded up $2.01 during mid-day trading on Friday, hitting $138.82. The company's stock had a trading volume of 10,122,450 shares, compared to its average volume of 4,269,589. The business's fifty day moving average is $136.70 and its two-hundred day moving average is $120.75. The stock has a market cap of $48.41 billion, a price-to-earnings ratio of 396.64, a PEG ratio of 54.16 and a beta of 1.10. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. 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. Analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Datadog Company 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.