Aberdeen Group plc Grows Stock Position in Datadog, Inc. $DDOG

Key Points

• Aberdeen Group plc increased its stake in Datadog, Inc. by 163.7%, acquiring an additional 83,517 shares to hold a total of 134,550 shares valued at $13.35 million.
• Datadog reported a quarterly revenue of $826.76 million, surpassing the analyst estimates and marking a year-over-year increase of 28.1%.
• Institutional investors and hedge funds own 78.29% of Datadog's stock, with various firms adjusting their positions in the company during the last quarter.

Aberdeen Group plc boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 163.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,550 shares of the company's stock after buying an additional 83,517 shares during the period. Aberdeen Group plc's holdings in Datadog were worth $13,349,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Emerald Advisers LLC raised its holdings in Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after buying an additional 97 shares during the period. YANKCOM Partnership raised its holdings in Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after buying an additional 99 shares during the period. Covestor Ltd grew its position in Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock valued at $138,000 after acquiring an additional 113 shares in the last quarter. State of Wyoming grew its position in Datadog by 3.7% in the 4th quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after acquiring an additional 117 shares in the last quarter. Finally, Forum Financial Management LP grew its position in Datadog by 6.1% in the 1st quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock valued at $202,000 after acquiring an additional 118 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, Director Titilope Cole sold 2,210 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $136.59, for a total value of $301,863.90. Following the completion of the sale, the director owned 6,347 shares in the company, valued at approximately $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Sean Michael Walters sold 9,469 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total value of $1,420,350.00. Following the completion of the sale, the executive owned 212,324 shares of the company's stock, valued at approximately $31,848,600. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 846,051 shares of company stock valued at $107,936,283 in the last 90 days. Company insiders own 8.70% of the company's stock.

Datadog Stock Up 1.6%

Shares of Datadog stock traded up $2.07 on Friday, reaching $131.22. 3,826,266 shares of the company were exchanged, compared to its average volume of 6,020,662. The stock's 50 day moving average price is $136.83 and its 200-day moving average price is $119.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market cap of $45.76 billion, a P/E ratio of 374.92, a price-to-earnings-growth ratio of 53.27 and a beta of 1.02. 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 announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during 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 firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company 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, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DDOG shares. Mizuho lifted their target price on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Wells Fargo & Company dropped their target price on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Citigroup lifted their target price on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Morgan Stanley lifted their target price on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Finally, UBS Group set a $165.00 price objective on Datadog and gave the stock a "buy" rating in a research report on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

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.