Trexquant Investment LP Acquires 279,907 Shares of Datadog, Inc. $DDOG

Key Points

• Trexquant Investment LP significantly increased its holdings in Datadog, Inc. by 444.3%, owning 342,908 shares valued at approximately $34 million.
• Datadog reported a 28.1% revenue increase year-over-year, with a quarterly revenue of $826.76 million and earnings per share of $0.46, surpassing analyst expectations.
• Institutional investors own about 78.29% of Datadog's stock, indicating strong institutional interest and confidence in the company.

Trexquant Investment LP increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 444.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 342,908 shares of the company's stock after acquiring an additional 279,907 shares during the period. Datadog accounts for about 0.4% of Trexquant Investment LP's holdings, making the stock its 26th largest position. Trexquant Investment LP owned about 0.10% of Datadog worth $34,020,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Itau Unibanco Holding S.A. increased its holdings in shares of Datadog by 1,714.6% during the 1st quarter. Itau Unibanco Holding S.A. now owns 5,825 shares of the company's stock valued at $578,000 after acquiring an additional 5,504 shares during the last quarter. Champlain Investment Partners LLC increased its holdings in shares of Datadog by 12.6% during the 1st quarter. Champlain Investment Partners LLC now owns 684,370 shares of the company's stock valued at $67,896,000 after acquiring an additional 76,530 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Datadog by 5.4% during the 1st quarter. Ieq Capital LLC now owns 429,909 shares of the company's stock valued at $42,651,000 after acquiring an additional 22,074 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Datadog by 23.1% during the 1st quarter. Rafferty Asset Management LLC now owns 133,536 shares of the company's stock valued at $13,248,000 after acquiring an additional 25,077 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Datadog by 174.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,408 shares of the company's stock valued at $8,275,000 after acquiring an additional 53,042 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $3.50 during trading on Tuesday, hitting $133.18. 2,298,000 shares of the stock were exchanged, compared to its average volume of 5,851,668. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a market capitalization of $46.45 billion, a price-to-earnings ratio of 380.77, a price-to-earnings-growth ratio of 56.37 and a beta of 1.11. The company's fifty day simple moving average is $137.56 and its 200-day simple moving average is $119.16. 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 (NASDAQ:DDOG - Get Free Report) last announced 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 for the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Sell-side analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. Scotiabank reissued an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Morgan Stanley raised their target price on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. UBS Group set a $165.00 target price on Datadog and gave the company a "buy" rating in a report on Thursday, August 7th. Barclays set a $170.00 target price on Datadog and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Cantor Fitzgerald raised their target price on Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Insiders Place Their Bets

In related news, Director Shardul Shah sold 7,924 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following the sale, the director owned 380,281 shares of the company's stock, valued at $53,543,564.80. The trade was a 2.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Titilope Cole sold 2,210 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $136.59, for a total value of $301,863.90. Following the completion of the sale, the director directly owned 6,347 shares in the company, valued at approximately $866,936.73. This represents a 25.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,503,062 shares of company stock worth $193,352,588 over the last quarter. Corporate insiders own 8.70% of the company's stock.

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.