Advisors Asset Management Inc. Increases Position in Datadog, Inc. $DDOG

Key Points

• Advisors Asset Management Inc. increased its holdings in Datadog by 171.6%, acquiring an additional 6,594 shares, bringing their total to 10,437 shares valued at approximately $1,035,000.
• Several major institutional investors, including Goldman Sachs and Vanguard Group Inc., have also significantly increased their stakes in Datadog, indicating strong interest in the stock.
• Wall Street analysts have raised their price targets for Datadog, with an average consensus rating of "Moderate Buy" and a target price of $153.10.

Advisors Asset Management Inc. boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 171.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,437 shares of the company's stock after purchasing an additional 6,594 shares during the period. Advisors Asset Management Inc.'s holdings in Datadog were worth $1,035,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Emerald Advisers LLC increased 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 purchasing an additional 97 shares during the last quarter. YANKCOM Partnership grew its stake in shares of Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after acquiring an additional 99 shares in the last quarter. Covestor Ltd grew its stake in shares of Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after acquiring an additional 113 shares in the last quarter. State of Wyoming grew its stake in shares of Datadog by 3.7% in the fourth quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after acquiring an additional 117 shares in the last quarter. Finally, Forum Financial Management LP grew its stake in shares of Datadog by 6.1% in the first quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after acquiring an additional 118 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 32,923 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $135.74, for a total value of $4,468,968.02. Following the completion of the sale, the chief executive officer directly owned 533,358 shares of the company's stock, valued at approximately $72,398,014.92. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Sean Michael Walters sold 10,622 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $1,421,754.70. Following the completion of the sale, the executive directly owned 201,702 shares of the company's stock, valued at $26,997,812.70. The trade was a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,406,371 shares of company stock valued at $184,294,753 over the last quarter. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Performance

DDOG traded down $2.33 on Friday, reaching $136.82. The company had a trading volume of 1,396,136 shares, compared to its average volume of 5,769,506. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The stock has a market capitalization of $47.72 billion, a PE ratio of 391.14, a P/E/G ratio of 54.78 and a beta of 1.10. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $137.74 and a 200-day moving average price of $119.84.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. During the same period in the previous year, the company earned $0.43 earnings per share. Datadog's quarterly revenue was up 28.1% compared to the same quarter last year. 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, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on DDOG. DA Davidson set a $160.00 price target on shares of Datadog and gave the stock a "buy" rating in a research note on Tuesday, August 5th. UBS Group set a $165.00 price target on shares of Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Scotiabank restated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Stifel Nicolaus boosted their target price on shares of Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Thursday, June 26th. Finally, Bank of America boosted their target price on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average 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.