FNY Investment Advisers LLC Purchases New Holdings in Datadog, Inc. $DDOG

Key Points

• FNY Investment Advisers LLC has acquired a new stake in Datadog, Inc., purchasing 4,782 shares valued at approximately $642,000 during the 2nd quarter.
• Several institutional investors, including Goldman Sachs and Brown Advisory, significantly increased their stakes in Datadog, with institutional ownership now at 78.29%.
• Datadog's stock received multiple analyst upgrades, raising price targets with a consensus rating of "Moderate Buy" and an average target price of $162.37.

FNY Investment Advisers LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,782 shares of the company's stock, valued at approximately $642,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in Datadog by 259.7% in the 1st 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 during the last quarter. Brown Advisory Inc. grew its stake in 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 buying an additional 2,103,838 shares during the last quarter. Baillie Gifford & Co. grew its stake in Datadog by 12.6% in the 1st 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 during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Datadog in the 2nd quarter valued at $177,050,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Datadog by 23.1% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of research reports. Morgan Stanley increased their price target on shares of Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Citigroup increased their price target on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 18th. Cantor Fitzgerald raised their price objective on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wells Fargo & Company initiated coverage on shares of Datadog in a report on Tuesday, September 30th. They set an "overweight" rating and a $190.00 price objective for the company. Finally, DA Davidson raised their price objective on shares of Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Twenty-six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $162.37.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,491,232 shares of company stock worth $202,904,731 over the last ninety days. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Down 0.0%

Shares of NASDAQ:DDOG opened at $156.25 on Wednesday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a 50 day moving average of $141.41 and a 200-day moving average of $128.20. 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 stock has a market cap of $54.49 billion, a price-to-earnings ratio of 446.44, a P/E/G ratio of 61.15 and a beta of 1.21.

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 company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. During the same quarter in the previous year, the company earned $0.43 EPS. Datadog'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 forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Datadog 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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