Focus Partners Advisor Solutions LLC Takes Position in Datadog, Inc. $DDOG

Key Points

• Focus Partners Advisor Solutions LLC purchased a new stake in Datadog, Inc., acquiring 3,485 shares valued at approximately $346,000.
• Datadog's stock opened at $136.08, with a market capitalization of $47.46 billion and a 52-week trading range between $81.63 and $170.08.
• Following its latest earnings report, Datadog surpassed analyst expectations with a quarterly revenue of $826.76 million, a 28.1% year-over-year increase.

Focus Partners Advisor Solutions LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,485 shares of the company's stock, valued at approximately $346,000.

A number of other hedge funds have also recently made changes to their positions in DDOG. Goldman Sachs Group Inc. lifted its stake in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Datadog by 17,477.2% during the 4th quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after purchasing an additional 3,993,707 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of Datadog by 76.5% during the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after purchasing an additional 2,103,838 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Datadog by 12.6% during 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. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after purchasing an additional 1,261,065 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group set a $165.00 price objective on Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Monness Crespi & Hardt upped their target price on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group upped their target price on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a research report on Thursday, June 12th. Finally, Citigroup upped their target price on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Stock Performance

Shares of DDOG stock traded down $2.65 during mid-day trading on Friday, reaching $136.50. The stock had a trading volume of 3,032,652 shares, compared to its average volume of 4,190,323. The business's fifty day moving average is $137.36 and its 200-day moving average is $119.98. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $47.60 billion, a price-to-earnings ratio of 390.01, a PEG ratio of 54.79 and a beta of 1.10. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share 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 analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $131.88, for a total value of $13,287,437.52. Following the transaction, the chief executive officer directly owned 548,715 shares of the company's stock, valued at approximately $72,364,534.20. This represents a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm'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 sale, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,406,371 shares of company stock valued at $184,294,753. Company insiders own 8.70% of the company's stock.

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.