Fox Run Management L.L.C. Purchases Shares of 5,821 Datadog, Inc. $DDOG

Key Points

• Fox Run Management L.L.C. acquired a new stake in Datadog, Inc. by purchasing 5,821 shares valued at approximately $578,000.
• Analysts have a majority positive outlook on Datadog, with an average price target of $153.10 and a consensus rating of "Moderate Buy".
• Datadog's stock experienced a 0.4% decline in trading, closing at $128.46, following the announcement of its quarterly earnings that exceeded analyst expectations.

Fox Run Management L.L.C. acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,821 shares of the company's stock, valued at approximately $578,000.

A number of other hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its holdings in Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after purchasing an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC boosted its position in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after buying an additional 22,818 shares during the period. LBP AM SA grew its stake in shares of Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after buying an additional 156,152 shares during the period. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of Datadog during the 4th quarter valued at about $314,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded up $1.9020 during trading on Friday, reaching $131.0520. The stock had a trading volume of 2,727,380 shares, compared to its average volume of 5,874,465. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a market cap of $45.70 billion, a PE ratio of 374.38, a P/E/G ratio of 52.98 and a beta of 1.02. The firm's 50 day moving average price is $136.61 and its two-hundred day moving average price is $119.96.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm 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%.The firm's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last 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. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DDOG shares. Cantor Fitzgerald upped their price target on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Wolfe Research upgraded shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Thursday, June 12th. Macquarie lowered their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Finally, DA Davidson set a $160.00 price objective on shares of Datadog and gave the company a "buy" rating in a research report on Tuesday, August 5th. Twenty-four equities 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Insider Transactions at Datadog

In related news, CRO Sean Michael Walters sold 9,469 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total value of $1,420,350.00. Following the completion of the sale, the executive owned 212,324 shares of the company's stock, valued at $31,848,600. This represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the completion of the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at $71,541,461.70. This represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold 846,051 shares of company stock worth $107,936,283 over the last quarter. 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.