Curi RMB Capital LLC Grows Position in Datadog, Inc. $DDOG

Key Points

• Curi RMB Capital LLC increased its stake in Datadog, Inc. by 40.7%, owning 57,774 shares worth $5.7 million at the end of the most recent quarter.
• Datadog reported a quarterly EPS of $0.46, exceeding analysts' expectations, along with a 28.1% year-over-year revenue growth, totaling $826.76 million.
• Institutional investors control 78.29% of Datadog's stock, with the stock being rated as a "Moderate Buy" by analysts who have a consensus price target of $153.10.

Curi RMB Capital LLC lifted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 40.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 57,774 shares of the company's stock after buying an additional 16,719 shares during the quarter. Curi RMB Capital LLC's holdings in Datadog were worth $5,732,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. Vanguard Group Inc. raised its position in Datadog by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after purchasing an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. boosted its position in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after acquiring an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Datadog by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after acquiring an additional 1,261,065 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in shares of Datadog by 76.5% in the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after acquiring an additional 2,103,838 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Mizuho increased their price objective on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. DA Davidson set a $160.00 price objective on Datadog and gave the company a "buy" rating in a report on Tuesday, August 5th. Monness Crespi & Hardt increased their price objective on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, August 7th. UBS Group set a $165.00 price objective on Datadog and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Barclays set a $170.00 price objective on Datadog and gave the company an "overweight" rating in a report on Thursday, August 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was 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 directly owned 219,831 shares of the company's stock, valued at $27,909,743.76. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 directly owned 438,885 shares of the company's stock, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,373,448 shares of company stock valued at $179,825,785. Corporate insiders own 8.70% of the company's stock.

Datadog Stock Performance

DDOG traded up $1.26 on Wednesday, hitting $141.72. 2,535,146 shares of the company traded hands, compared to its average volume of 5,798,016. The stock has a market capitalization of $49.42 billion, a PE ratio of 403.75, a PEG ratio of 54.93 and a beta of 1.11. The company has a 50 day moving average of $137.99 and a 200-day moving average of $119.55. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. 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 (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The business 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 company's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the prior year, the business 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. Sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current 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.