Edmond DE Rothschild Holding S.A. Boosts Position in Datadog, Inc. $DDOG

Key Points

• Edmond DE Rothschild Holding S.A. increased its holdings in Datadog, Inc. by 63.1%, acquiring 197,201 shares for a total of 509,881 shares, representing about 0.9% of its investment portfolio.
• Datadog reported earnings of $0.46 per share for its last quarter, exceeding analysts' expectations of $0.41, with revenue of $826.76 million, an increase of 28.1% year-over-year.
• CEO Olivier Pomel recently sold 107,365 shares of Datadog stock, resulting in a 16.36% decrease in his ownership of the company.

Edmond DE Rothschild Holding S.A. raised its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 63.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 509,881 shares of the company's stock after acquiring an additional 197,201 shares during the quarter. Datadog makes up 0.9% of Edmond DE Rothschild Holding S.A.'s portfolio, making the stock its 25th biggest holding. Edmond DE Rothschild Holding S.A. owned approximately 0.15% of Datadog worth $50,585,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of 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 valued at $2,216,000 after purchasing an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC raised its position in shares of Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after acquiring an additional 22,818 shares during the period. LBP AM SA grew its stake in shares of Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares during the period. Finally, Total Wealth Planning & Management Inc. acquired a new position in Datadog in the fourth quarter valued at about $314,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CRO Sean Michael Walters sold 10,622 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $1,421,754.70. Following the completion of the transaction, the executive directly owned 201,702 shares in the company, valued at $26,997,812.70. This trade represents a 5.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Kerry Acocella sold 5,142 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $688,256.70. Following the completion of the transaction, the general counsel directly owned 97,377 shares in the company, valued at approximately $13,033,911.45. The trade was a 5.02% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,398,448 shares of company stock valued at $182,812,285. Company insiders own 8.70% of the company's stock.

Datadog Price Performance

Shares of Datadog stock traded up $3.97 during midday trading on Tuesday, reaching $140.41. The company had a trading volume of 1,983,946 shares, compared to its average volume of 5,802,425. The stock has a fifty day simple moving average of $137.82 and a 200 day simple moving average of $119.40. The company has a market capitalization of $48.97 billion, a price-to-earnings ratio of 401.10, a price-to-earnings-growth ratio of 54.78 and a beta of 1.11. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly 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. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. During the same period in the previous year, the firm posted $0.43 EPS. The company's revenue for the quarter was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DDOG. Cantor Fitzgerald upped their target price on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. DA Davidson set a $160.00 target price on Datadog and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Bank of America raised their target price on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $175.00 target price on shares of Datadog in a report on Thursday, August 14th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently 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.