Datadog, Inc. $DDOG Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Datadog by 2.4%, owning 95,850 shares valued at approximately $12.9 million by the end of Q2.
• Multiple large investors significantly expanded their holdings in Datadog, including a 149% increase by Motley Fool Asset Management, indicating strong institutional interest.
• Datadog recently reported strong quarterly results, exceeding earnings expectations with $826.76 million in revenue, a 28.1% increase year-over-year.

Public Employees Retirement System of Ohio boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,850 shares of the company's stock after purchasing an additional 2,232 shares during the period. Public Employees Retirement System of Ohio's holdings in Datadog were worth $12,876,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after purchasing an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after purchasing an additional 22,818 shares in the last quarter. LBP AM SA grew its holdings in Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock valued at $9,032,000 after purchasing an additional 58,369 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $137.94, for a total value of $1,544,238.30. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $73,571,402.52. This trade represents a 2.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $137.78, for a total transaction of $1,090,666.48. Following the completion of the sale, the director owned 372,365 shares in the company, valued at approximately $51,304,449.70. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,337,175 shares of company stock worth $176,025,977 over the last 90 days. Corporate insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Morgan Stanley raised their price objective on shares of Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a "buy" rating in a report on Tuesday, August 5th. Wedbush reissued an "outperform" rating and set a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Finally, Citigroup raised their price objective on shares of Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Twenty-four investment 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Datadog Trading Up 1.8%

Datadog stock opened at $139.07 on Friday. The firm's 50-day moving average is $136.33 and its 200-day moving average is $121.77. 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 1 year low of $81.63 and a 1 year high of $170.08. The company has a market cap of $48.50 billion, a P/E ratio of 397.35, a PEG ratio of 54.08 and a beta of 1.10.

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, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period last year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current 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.

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