13,900 Shares in Datadog, Inc. $DDOG Bought by DLD Asset Management LP

Key Points

• DLD Asset Management LP has made a new investment of approximately $1.38 million in Datadog by purchasing 13,900 shares in the 1st quarter of the year.
• Datadog reported a 28.1% increase in revenue year-over-year, posting $826.76 million for the quarter, surpassing analysts' expectations.
• Insider trading activity included CEO Olivier Pomel selling 32,923 shares valued at over $4.29 million, leading to a 5.66% decrease in his ownership.

DLD Asset Management LP bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,900 shares of the company's stock, valued at approximately $1,379,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. Goldman Sachs Group Inc. grew its position in Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the period. Janus Henderson Group PLC grew its position in Datadog by 17,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after purchasing an additional 3,993,707 shares during the period. Brown Advisory Inc. grew its position in Datadog by 2,804.2% during the 4th quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock worth $392,830,000 after purchasing an additional 2,654,512 shares during the period. Baillie Gifford & Co. grew its position in 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, Assenagon Asset Management S.A. grew its position in Datadog by 341.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock worth $155,694,000 after purchasing an additional 1,213,475 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DDOG shares. Jefferies Financial Group increased their price target on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Cantor Fitzgerald increased their price target on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Monness Crespi & Hardt increased their price target on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wedbush restated an "outperform" rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Finally, Bank of America raised their target price on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Price Performance

DDOG stock traded up $2.07 during mid-day trading on Friday, reaching $131.22. The company's stock had a trading volume of 3,826,266 shares, compared to its average volume of 6,020,662. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company's 50 day moving average is $136.83 and its two-hundred day moving average is $119.85. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock has a market cap of $45.76 billion, a PE ratio of 374.92, a P/E/G ratio of 53.27 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last released its 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 business had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business's revenue was up 28.1% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. 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 EPS for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 548,715 shares in the company, valued at $66,784,102.65. The trade was a 16.36% 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, CFO David M. Obstler sold 35,016 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $117.40, for a total transaction of $4,110,878.40. Following the completion of the transaction, the chief financial officer owned 399,270 shares of the company's stock, valued at approximately $46,874,298. This trade represents a 8.06% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 846,051 shares of company stock worth $107,936,283. 8.70% of the stock is currently owned by insiders.

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.