Datadog, Inc. $DDOG Shares Acquired by Quent Capital LLC

Key Points

• Quent Capital LLC significantly increased its stake in Datadog, boosting its holdings by 3,129.9% to 42,085 shares, valued at approximately $5.65 million.
• Major institutional investors including Goldman Sachs and Brown Advisory have also expanded their positions in Datadog, indicating strong institutional interest in the company.
• Analysts have positive outlooks for Datadog, with a consensus price target of $156.69 and 25 out of 31 analysts rating the stock as a Buy.

Quent Capital LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 3,129.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,085 shares of the company's stock after purchasing an additional 40,782 shares during the period. Quent Capital LLC's holdings in Datadog were worth $5,653,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DDOG. Goldman Sachs Group Inc. increased its holdings in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the period. Brown Advisory Inc. increased its holdings in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares during the period. Baillie Gifford & Co. increased its holdings in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Datadog in the second quarter valued at approximately $177,050,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after purchasing an additional 1,261,065 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent research reports. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Thursday, June 12th. Wedbush restated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. Guggenheim restated a "sell" rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. UBS Group set a $165.00 price target on Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Stifel Nicolaus lifted their price target on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research note on Thursday, June 26th. Twenty-five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $156.69.

Insider Activity at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the transaction, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. This represents a 96.52% 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 1,384,618 shares of company stock worth $183,444,843. 8.70% of the stock is currently owned by insiders.

Datadog Stock Up 0.2%

Shares of NASDAQ:DDOG opened at $151.82 on Friday. 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, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The stock's fifty day simple moving average is $136.59 and its 200-day simple moving average is $123.39. The company has a market capitalization of $52.95 billion, a P/E ratio of 433.78, a P/E/G ratio of 59.30 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business's revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $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, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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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