Mn Services Vermogensbeheer B.V. Buys 8,600 Shares of Datadog, Inc. $DDOG

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. grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 8.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 107,400 shares of the company's stock after buying an additional 8,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Datadog were worth $14,427,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in DDOG. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after buying an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC raised its position in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Datadog during the first quarter valued at about $30,000. Putney Financial Group LLC acquired a new position in shares of Datadog during the fourth quarter valued at about $32,000. Finally, Elequin Capital LP acquired a new position in Datadog in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 10,094 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $134.36, for a total transaction of $1,356,229.84. Following the sale, the director directly owned 1,640 shares of the company's stock, valued at $220,350.40. This represents a 86.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Kerry Acocella sold 5,142 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $688,256.70. Following the sale, the general counsel directly owned 97,377 shares in the company, valued at $13,033,911.45. This trade represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,449,792 shares of company stock valued at $190,786,777 over the last three months. Insiders own 8.70% of the company's stock.

Datadog Price Performance

Shares of NASDAQ DDOG traded down $0.45 during mid-day trading on Monday, hitting $138.37. 3,736,820 shares of the stock were exchanged, compared to its average volume of 4,584,465. The company has a market cap of $48.25 billion, a P/E ratio of 395.35, a PEG ratio of 54.96 and a beta of 1.11. The stock's fifty day simple moving average is $136.69 and its two-hundred day simple moving average is $121.05. 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 twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping 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 net margin of 4.13% and a return on equity of 5.04%. The company's revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the business 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 forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. DA Davidson set a $160.00 price target on shares of Datadog and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. Jefferies Financial Group increased their price target on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Finally, Wedbush reissued an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Twenty-four equities 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 company. Based on data from MarketBeat, Datadog has an average rating of "Moderate Buy" and an average target price of $153.10.

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.