EULAV Asset Management Acquires New Position in Datadog, Inc. $DDOG

Key Points

• EULAV Asset Management acquired 42,737 Datadog shares during the third quarter, valued at approximately $11.7 million. Institutional investors collectively own 78.29% of the company.
• Analysts remain broadly bullish, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $285.04; several firms recently raised their targets to between $300 and $330.
• Datadog’s latest quarterly results exceeded expectations, with revenue rising 35.6% year over year to $1.12 billion and EPS of $0.65 versus the $0.58 consensus estimate. Insiders, however, sold 881,710 shares worth roughly $213.6 million during the quarter.

EULAV Asset Management acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 42,737 shares of the company's stock, valued at approximately $11,704,000.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP grew its position in shares of Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company's stock worth $435,081,000 after acquiring an additional 1,654,429 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Datadog by 197.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company's stock valued at $669,018,000 after acquiring an additional 1,622,904 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock valued at $905,570,000 after acquiring an additional 1,439,082 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Datadog by 162.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company's stock valued at $185,459,000 after acquiring an additional 971,910 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock valued at $312,340,000 after acquiring an additional 615,090 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Wednesday, October 7th. The shares were sold at an average price of $273.60, for a total transaction of $14,750,323.20. Following the sale, the chief technology officer directly owned 488,033 shares in the company, valued at $133,525,828.80. The trade was a 9.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the sale, the general counsel directly owned 115,243 shares of the company's stock, valued at $26,373,360.55. The trade was a 4.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 881,710 shares of company stock valued at $213,560,746. 6.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research reports. TD Cowen lifted their price objective on shares of Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Robert W. Baird set a $300.00 target price on shares of Datadog in a research note on Friday, August 7th. Canadian Imperial Bank of Commerce boosted their target price on shares of Datadog from $280.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, October 9th. Wedbush began coverage on shares of Datadog in a report on Friday, September 11th. They set an "outperform" rating and a $275.00 target price on the stock. Finally, Mizuho raised their price target on shares of Datadog from $300.00 to $330.00 and gave the stock an "outperform" rating in a research report on Thursday, October 15th. Three equities research analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $285.04.

Datadog Price Performance

DDOG opened at $269.65 on Monday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The stock has a market cap of $96.83 billion, a P/E ratio of 550.32, a P/E/G ratio of 26.32 and a beta of 1.51. The stock's 50 day moving average price is $247.90 and its 200 day moving average price is $227.09.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business earned $0.46 EPS. The firm's revenue for the quarter was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. As a group, research analysts predict that Datadog, Inc. will post 0.70 earnings per share for the current year.

Datadog Company Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog's products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.