Datadog, Inc. $DDOG Shares Purchased by Diversified Trust Co

Key Points

• Diversified Trust Co increased its stakes in Datadog, Inc. by 74.9% during Q2, now owning 7,217 shares worth approximately $969,000.
• Analysts have issued mixed ratings for Datadog, with a majority giving it a Buy rating and a consensus target price of $153.10.
• Datadog reported earnings of $0.46 per share for the latest quarter, beating estimates, with a revenue increase of 28.1% year-over-year.

Diversified Trust Co increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 74.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,217 shares of the company's stock after acquiring an additional 3,090 shares during the period. Diversified Trust Co's holdings in Datadog were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Biltmore Wealth Management LLC grew its position in shares of Datadog by 1.5% during the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock valued at $769,000 after acquiring an additional 86 shares during the period. Emerald Advisers LLC grew its position in shares of Datadog by 1.1% during the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after acquiring an additional 97 shares during the period. YANKCOM Partnership grew its position in shares of Datadog by 12.0% during the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after acquiring an additional 99 shares during the period. Covestor Ltd grew its position in shares of Datadog by 8.9% during 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 during the period. Finally, Geneos Wealth Management Inc. boosted its holdings in Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company's stock worth $76,000 after buying an additional 115 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Bank of America lifted their price objective on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Guggenheim reiterated a "sell" rating and issued a $105.00 price objective on shares of Datadog in a report on Tuesday, July 8th. Cantor Fitzgerald lifted their price objective on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Canaccord Genuity Group lifted their price objective on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Monness Crespi & Hardt lifted their price objective on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Stock Down 0.3%

Shares of NASDAQ DDOG opened at $138.37 on Tuesday. The firm has a market cap of $48.25 billion, a price-to-earnings ratio of 395.35, a PEG ratio of 54.96 and a beta of 1.11. 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 52-week low of $81.63 and a 52-week high of $170.08. The business's 50 day moving average is $136.69 and its two-hundred day moving average is $121.05.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its 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 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%.The firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 55,352 shares of the business's stock in a transaction 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 owned 438,885 shares in the company, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the completion of the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at approximately $72,364,534.20. This trade represents a 15.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,449,792 shares of company stock worth $190,786,777. 8.70% of the stock is currently owned by insiders.

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.

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