Datadog, Inc. $DDOG Shares Acquired by RFG Advisory LLC

Key Points

• RFG Advisory LLC increased its holdings in Datadog by 70.7% during the second quarter, owning 4,956 shares valued at $666,000.
• Datadog's revenue rose by 28.1% year-over-year, reporting $826.76 million in the last quarter, which exceeded analysts' expectations of $791.72 million.
• Analyst ratings for Datadog are predominantly positive, with 26 out of 32 analysts giving the stock a Buy rating and the consensus price target now at $162.37.

RFG Advisory LLC grew its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 70.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,956 shares of the company's stock after acquiring an additional 2,052 shares during the quarter. RFG Advisory LLC's holdings in Datadog were worth $666,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. MGO One Seven LLC boosted its holdings in shares of Datadog by 7.7% in the second quarter. MGO One Seven LLC now owns 3,503 shares of the company's stock valued at $471,000 after acquiring an additional 249 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Datadog by 88.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 61,075 shares of the company's stock valued at $8,082,000 after acquiring an additional 28,729 shares during the period. Alta Advisers Ltd acquired a new stake in shares of Datadog in the second quarter valued at approximately $235,000. CWM LLC boosted its holdings in shares of Datadog by 325.2% in the second quarter. CWM LLC now owns 55,680 shares of the company's stock valued at $7,479,000 after acquiring an additional 42,585 shares during the period. Finally, OFI Invest Asset Management boosted its holdings in shares of Datadog by 6.5% in the second quarter. OFI Invest Asset Management now owns 8,824 shares of the company's stock valued at $1,185,000 after acquiring an additional 541 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amit Agarwal sold 45,444 shares of the 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 owned 1,640 shares of the company's stock, valued at $246,131.20. The trade was a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,491,232 shares of company stock valued at $202,904,731 in the last three months. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

DDOG has been the subject of several research analyst reports. Oppenheimer increased their price objective on Datadog from $165.00 to $195.00 and gave the company an "outperform" rating in a report on Friday. Cowen restated a "buy" rating on shares of Datadog in a research note on Friday. Bank of America upped their price target on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Capital One Financial upped their price target on Datadog from $149.00 to $179.00 in a research note on Thursday. Finally, DA Davidson upped their price target on Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a research note on Friday, October 3rd. Twenty-six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $162.37.

Datadog Trading Up 1.1%

NASDAQ:DDOG opened at $152.87 on Friday. The stock has a fifty day moving average price of $140.31 and a two-hundred day moving average price of $127.11. The stock has a market capitalization of $53.31 billion, a price-to-earnings ratio of 436.78, a PEG ratio of 59.15 and a beta of 1.21. 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.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts anticipate 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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