Datadog, Inc. $DDOG Shares Purchased by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board increased its stake in Datadog, Inc. by 76.5%, owning approximately 0.08% of the company, worth about $27.3 million, according to recent filings.
• Datadog's CEO, Olivier Pomel, and Director, Matthew Jacobson, recently sold large quantities of shares, with Pomel's sale reflecting a 16.36% decrease in his holdings, while Jacobson's represented a significant 72.37% decrease in his position.
• Analysts have given Datadog a consensus rating of "Moderate Buy" with a consensus target price of $153.10, with various brokerage firms issuing target prices ranging from $136.00 to $175.00.

Canada Pension Plan Investment Board lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 76.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 275,341 shares of the company's stock after acquiring an additional 119,380 shares during the period. Canada Pension Plan Investment Board owned approximately 0.08% of Datadog worth $27,317,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Emerald Advisers LLC grew its holdings 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 purchasing an additional 97 shares during the last quarter. YANKCOM Partnership lifted its position in 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 raised its holdings in Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after buying an additional 113 shares during the last quarter. State of Wyoming raised its holdings in 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 buying an additional 117 shares during 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 during the period. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $66,784,102.65. This trade represents a 16.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction dated 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 completion of the sale, the director owned 219,831 shares in the company, valued at $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,505,813 shares of company stock worth $195,879,679 in the last three months. Corporate insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Wedbush restated an "outperform" rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. DA Davidson set a $160.00 target price on shares of Datadog and gave the company a "buy" rating in a research report on Tuesday, August 5th. Stifel Nicolaus boosted their target price on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. Finally, Monness Crespi & Hardt boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Price Performance

Datadog stock traded up $4.30 during mid-day trading on Friday, reaching $136.08. 4,844,626 shares of the company's stock traded hands, compared to its average volume of 5,822,123. The company has a market cap of $47.46 billion, a price-to-earnings ratio of 388.81, a PEG ratio of 54.69 and a beta of 1.10. The stock has a 50 day moving average of $137.70 and a two-hundred day moving average of $119.36. 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 announced its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business's revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

About Datadog

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.