Comerica Bank Buys 27,446 Shares of Datadog, Inc. $DDOG

Key Points

• Comerica Bank increased its holdings in Datadog, Inc. by 66.2% during the first quarter, acquiring an additional 27,446 shares, bringing its total to 68,914 shares worth approximately $6.84 million.
• Insider trading activity saw Datadog's CFO and CEO selling significant shares, with the CFO selling 35,016 shares and the CEO selling 107,365 shares, resulting in a decrease of their respective positions by 8.06% and 16.36%.
• Datadog reported a quarterly revenue of $826.76 million, surpassing analyst expectations and showing a year-over-year growth of 28.1%.

Comerica Bank grew its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 66.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,914 shares of the company's stock after purchasing an additional 27,446 shares during the quarter. Comerica Bank's holdings in Datadog were worth $6,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Putney Financial Group LLC bought a new position in shares of Datadog in the fourth quarter worth approximately $32,000. Elequin Capital LP purchased a new position in shares of Datadog in the fourth quarter worth $34,000. Costello Asset Management INC purchased a new position in shares of Datadog in the first quarter worth $30,000. Cornerstone Planning Group LLC lifted its holdings in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares in the last quarter. Finally, Itau Unibanco Holding S.A. lifted its holdings in shares of Datadog by 417.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company's stock worth $46,000 after buying an additional 259 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

Datadog stock traded down $4.28 during mid-day trading on Monday, reaching $136.68. 5,105,132 shares of the company's stock traded hands, compared to its average volume of 6,052,554. The company has a market cap of $47.67 billion, a price-to-earnings ratio of 390.53, a PEG ratio of 56.37 and a beta of 1.11. The stock has a 50 day moving average of $137.42 and a two-hundred day moving average of $119.12. 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, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business's 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. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $119.96, for a total transaction of $15,247,515.80. Following the transaction, the chief technology officer owned 452,769 shares in the company, valued at $54,314,169.24. The trade was a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 575,863 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the transaction, the director owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,517,772 shares of company stock worth $195,091,898 over the last quarter. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on DDOG shares. Cantor Fitzgerald boosted their target price on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Scotiabank reissued an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Wedbush reissued an "outperform" rating and issued a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Monness Crespi & Hardt boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, Canaccord Genuity Group upped their price target on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. 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 stock. According to MarketBeat, the stock presently 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.