Ethic Inc. Increases Stake in Datadog, Inc. $DDOG

Key Points

• Ethic Inc. increased its stake in Datadog, Inc. by 26.4%, now owning 22,809 shares valued at approximately $3,013,000.
• Analysts maintain a consensus rating of "Moderate Buy" for Datadog, with a target price averaging $163.97, reflecting optimistic future performance.
• CEO Olivier Pomel sold 63,939 shares worth over $10.5 million, representing a significant reduction in his holdings.

Ethic Inc. boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 26.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,809 shares of the company's stock after acquiring an additional 4,770 shares during the quarter. Ethic Inc.'s holdings in Datadog were worth $3,013,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. ARK Investment Management LLC grew its holdings in Datadog by 1.3% in the second quarter. ARK Investment Management LLC now owns 141,391 shares of the company's stock valued at $18,993,000 after purchasing an additional 1,774 shares during the period. Parcion Private Wealth LLC acquired a new stake in Datadog in the second quarter valued at approximately $231,000. FNY Investment Advisers LLC acquired a new stake in Datadog in the second quarter valued at approximately $642,000. D.A. Davidson & CO. acquired a new stake in Datadog in the second quarter valued at approximately $226,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Datadog by 2.3% in the second quarter. Cullen Frost Bankers Inc. now owns 72,206 shares of the company's stock valued at $9,699,000 after purchasing an additional 1,635 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on DDOG. Canaccord Genuity Group raised their price objective on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Barclays set a $170.00 price objective on Datadog and gave the company an "overweight" rating in a report on Thursday, August 7th. DA Davidson raised their price objective on Datadog from $170.00 to $180.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Cowen reaffirmed a "buy" rating on shares of Datadog in a research note on Friday, October 17th. Finally, UBS Group lifted their price target on Datadog from $165.00 to $189.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Twenty-six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $163.97.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $156.47 on Friday. 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 business's 50 day moving average price is $143.14 and its 200-day moving average price is $129.33. The firm has a market capitalization of $54.57 billion, a PE ratio of 447.07, a P/E/G ratio of 61.27 and a beta of 1.21. 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 data 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 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 firm's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of the business's stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company's stock, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at $58,735,979.55. This trade represents a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,502,427 shares of company stock valued at $204,632,679 in the last three months. Company insiders own 8.70% of the company's stock.

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.

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