Petrus Trust Company LTA Boosts Holdings in Datadog, Inc. $DDOG

Key Points

• Petrus Trust Company LTA increased its stake in Datadog by 66.3%, owning 6,980 shares valued at $692,000 as of the latest SEC filing.
• CEO Olivier Pomel and COO Adam Blitzer sold significant shares of Datadog, reducing their holdings by 2.80% and 4.19% respectively.
• Datadog reported a revenue of $826.76 million for the last quarter, surpassing analysts' expectations of $791.72 million, indicating a year-over-year growth of 28.1%.

Petrus Trust Company LTA raised its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 66.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,980 shares of the company's stock after purchasing an additional 2,782 shares during the quarter. Petrus Trust Company LTA's holdings in Datadog were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of DDOG. Goldman Sachs Group Inc. boosted its stake in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after buying an additional 6,250,942 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Datadog by 17,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock valued at $573,923,000 after acquiring an additional 3,993,707 shares during the period. Brown Advisory Inc. boosted its position in shares of Datadog by 76.5% during the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after purchasing an additional 2,103,838 shares in the last quarter. Baillie Gifford & Co. grew its stake 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 purchasing an additional 1,369,522 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after purchasing an additional 1,261,065 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction that occurred on 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. The trade was a 5.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David M. Obstler sold 12,619 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total value of $1,689,053.15. Following the transaction, the chief financial officer directly owned 386,651 shares in the company, valued at approximately $51,753,236.35. This represents a 3.16% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,406,371 shares of company stock valued at $184,294,753. Corporate insiders own 8.70% of the company's stock.

Datadog Price Performance

NASDAQ:DDOG traded up $0.02 during trading hours on Thursday, reaching $139.15. 2,816,586 shares of the company traded hands, compared to its average volume of 5,795,058. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm's 50-day moving average is $138.07 and its 200-day moving average is $119.69. The stock has a market cap of $48.53 billion, a P/E ratio of 397.58, a P/E/G ratio of 56.54 and a beta of 1.10. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on DDOG. Wedbush reissued an "outperform" rating and set a $140.00 price objective on shares of Datadog in a report on Wednesday, June 11th. Canaccord Genuity Group boosted their price target on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Jefferies Financial Group lifted their price objective on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Needham & Company LLC reiterated a "buy" rating and set a $175.00 target price on shares of Datadog in a research report on Thursday, August 14th. Finally, Mizuho raised their price target on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twenty-four investment 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. According to 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.