Flputnam Investment Management Co. Buys Shares of 14,341 Datadog, Inc. $DDOG

Key Points

• Flputnam Investment Management Co. acquired a new position in Datadog, Inc. during Q1, purchasing 14,341 shares valued at approximately $1.42 million.
• Datadog's recent quarterly earnings exceeded estimates, reporting $0.46 EPS against a consensus estimate of $0.41, with year-over-year revenue growth of 28.1%.
• Institutional investors and hedge funds collectively own 78.29% of Datadog's stock, indicating strong institutional confidence in the company.

Flputnam Investment Management Co. purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,341 shares of the company's stock, valued at approximately $1,423,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after buying an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. grew its stake in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after buying an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Datadog by 259.7% in 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. 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 owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Guggenheim reissued a "sell" rating and issued a $105.00 target price on shares of Datadog in a research note on Tuesday, July 8th. Cantor Fitzgerald lifted their price objective on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. UBS Group set a $165.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research report on Thursday, August 7th. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Mizuho lifted their price objective on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief technology officer owned 438,885 shares of the company's stock, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Matthew Jacobson sold 575,863 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the transaction, the director directly owned 219,831 shares of the company's stock, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,505,813 shares of company stock valued at $195,879,679 over the last quarter. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG traded up $4.30 during midday trading on Friday, reaching $136.08. 4,850,494 shares of the stock were exchanged, compared to its average volume of 4,973,756. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $47.46 billion, a P/E ratio of 388.81, a PEG ratio of 53.05 and a beta of 1.10. The stock's 50 day simple moving average is $137.78 and its 200 day simple moving average is $119.40.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company's revenue 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. On average, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.