DnB Asset Management AS Boosts Stake in Datadog, Inc. $DDOG

Key Points

• DnB Asset Management AS increased its stake in Datadog, Inc. by 39.8%, now holding 2,206,464 shares valued at approximately $218.9 million.
• Several hedge funds, including Wealth Enhancement Advisory Services LLC and Motley Fool Asset Management LLC, also expanded their holdings in Datadog, reflecting growing institutional interest.
• Datadog reported strong financial results, with $0.46 EPS for the quarter, exceeding analysts' expectations, alongside a 28.1% annual revenue growth.

DnB Asset Management AS raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 39.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,206,464 shares of the company's stock after acquiring an additional 627,816 shares during the period. Datadog makes up 1.0% of DnB Asset Management AS's holdings, making the stock its 15th biggest holding. DnB Asset Management AS owned approximately 0.64% of Datadog worth $218,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Datadog by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after purchasing an additional 1,058,803 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Datadog by 12.6% during the first 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 in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after buying an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after buying an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after buying an additional 2,103,838 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Datadog

In other news, CFO David M. Obstler sold 12,619 shares of the business's stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 386,651 shares of the company's stock, valued at approximately $51,753,236.35. The trade was a 3.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Kerry Acocella sold 5,142 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $688,256.70. Following the completion of the sale, the general counsel directly owned 97,377 shares of the company's stock, valued at $13,033,911.45. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,398,448 shares of company stock worth $182,812,285 over the last three months. Company insiders own 8.70% of the company's stock.

Datadog Stock Up 0.3%

DDOG traded up $0.36 on Monday, hitting $136.44. 4,756,733 shares of the company were exchanged, compared to its average volume of 5,825,757. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market cap of $47.58 billion, a price-to-earnings ratio of 389.84, a price-to-earnings-growth ratio of 54.78 and a beta of 1.11. 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 firm has a 50-day moving average price of $137.78 and a two-hundred day moving average price of $119.29.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm 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%.Datadog's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the firm 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. On average, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research note on Thursday, June 12th. Monness Crespi & Hardt lifted their price objective on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research note on Thursday, August 14th. Canaccord Genuity Group lifted their price objective on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group lifted their price objective on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.