CacheTech Inc. Raises Stake in Datadog, Inc. $DDOG

Key Points

• CacheTech Inc. increased its stake in Datadog by 37.6%, owning 28,505 shares valued at approximately $2.8 million as of the latest SEC filing.
• Datadog reported an earnings per share of $0.46 in its last quarter, surpassing estimates and showing a 28.1% year-over-year revenue increase to $826.76 million.
• The stock currently holds an average rating of "Moderate Buy" with a target price of $152.93, with the majority of analysts (24) issuing buy ratings.

CacheTech Inc. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 37.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,505 shares of the company's stock after purchasing an additional 7,782 shares during the period. CacheTech Inc.'s holdings in Datadog were worth $2,828,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after acquiring an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake in Datadog by 149.0% during the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after purchasing an additional 22,818 shares during the last quarter. LBP AM SA boosted its holdings in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. bought a new position in Datadog in the fourth quarter valued at about $314,000. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of the sale, the chief executive officer owned 548,715 shares in the company, valued at $66,784,102.65. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the transaction, the director owned 76,052 shares of the company's stock, valued at $8,899,605.04. This represents a 24.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 846,051 shares of company stock worth $107,936,283 over the last 90 days. Company insiders own 8.70% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of research reports. 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 research note on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $175.00 target price on shares of Datadog in a report on Thursday, August 14th. Bank of America lifted their price target on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note 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. Finally, Rosenblatt Securities reduced their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Trading Down 0.4%

Datadog stock traded down $0.4680 during trading hours on Wednesday, reaching $128.5220. 3,290,428 shares of the company's stock were exchanged, compared to its average volume of 5,905,417. The firm's 50 day simple moving average is $136.29 and its 200 day simple moving average is $119.99. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. 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 firm has a market capitalization of $44.82 billion, a PE ratio of 367.22, a PEG ratio of 53.23 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm 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 company's revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm 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 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.