Exane Asset Management Has $1.74 Million Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Exane Asset Management reduced its holdings in Datadog, Inc. by 60.6%, now owning 12,979 shares valued at approximately $1.74 million, marking Datadog as its 15th largest position.
• Goldman Sachs Group Inc. significantly increased its investment in Datadog by 259.7% during the first quarter, now holding 8.66 million shares worth about $858.99 million.
• Datadog's recent quarterly earnings surpassed analysts' expectations, reporting $0.46 EPS and revenue of $826.76 million, a year-over-year increase of 28.1%.

Exane Asset Management trimmed its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 60.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,979 shares of the company's stock after selling 19,974 shares during the period. Datadog accounts for approximately 0.7% of Exane Asset Management's holdings, making the stock its 15th largest position. Exane Asset Management's holdings in Datadog were worth $1,743,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after buying an additional 6,250,942 shares in the last quarter. Brown Advisory Inc. raised its stake in shares of Datadog by 76.5% in the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after acquiring an additional 2,103,838 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Datadog by 12.6% in 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 last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Datadog during the second quarter worth approximately $177,050,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Datadog by 23.1% during 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 purchasing an additional 1,261,065 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Datadog Price Performance

Shares of DDOG stock opened at $139.07 on Monday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a market capitalization of $48.50 billion, a P/E ratio of 397.35, a P/E/G ratio of 54.41 and a beta of 1.11. The stock has a 50 day moving average of $136.33 and a two-hundred day moving average of $122.07. 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million for 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 quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the business 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 analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on DDOG shares. Wedbush restated an "outperform" rating and issued a $140.00 price objective on shares of Datadog in a research note on Wednesday, June 11th. Monness Crespi & Hardt raised their price target on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. 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 report on Thursday, June 12th. Canaccord Genuity Group increased their target price on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Barclays set a $170.00 price target on Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amit Agarwal sold 44,444 shares of Datadog stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $138.34, for a total value of $6,148,382.96. Following the sale, the director directly owned 1,640 shares in the company, valued at $226,877.60. The trade was a 96.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,322,175 shares of company stock valued at $173,997,227. Company insiders own 8.70% of the company's stock.

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.

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