Hancock Whitney Corp Acquires 70,523 Shares of Datadog, Inc. $DDOG

Key Points

• Hancock Whitney Corp significantly increased its holdings in Datadog, Inc. by acquiring an additional 70,523 shares, bringing its total ownership to 74,605 shares, valued at approximately $7.4 million.
• Datadog reported a strong quarterly earnings performance, with $0.46 EPS, surpassing analysts' expectations, and a 28.1% year-over-year revenue growth to $826.76 million.
• Insider trading activity has been notable, with Director Matthew Jacobson selling over 107,000 shares, reflecting a substantial reduction in his ownership.

Hancock Whitney Corp boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 1,727.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 74,605 shares of the company's stock after acquiring an additional 70,523 shares during the period. Hancock Whitney Corp's holdings in Datadog were worth $7,402,000 at the end of the most recent quarter.

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

Datadog Stock Performance

Shares of DDOG stock opened at $132.60 on Thursday. The stock has a market cap of $46.24 billion, a PE ratio of 378.87, a price-to-earnings-growth ratio of 56.37 and a beta of 1.10. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The business has a 50-day simple moving average of $137.69 and a 200-day simple moving average of $119.36. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's revenue for the quarter was up 28.1% on a year-over-year basis. During the same period in the previous year, the company 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, equities analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 107,648 shares of the firm's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $130.01, for a total value of $13,995,316.48. Following the completion of the transaction, the director owned 176,311 shares of the company's stock, valued at approximately $22,922,193.11. This trade represents a 37.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 32,923 shares of the business's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at approximately $71,541,461.70. The trade was a 5.66% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,370,322 shares of company stock valued at $177,758,990. 8.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of recent analyst reports. Jefferies Financial Group boosted their target price on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. DA Davidson set a $160.00 price target on Datadog and gave the company a "buy" rating in a report on Tuesday, August 5th. Royal Bank Of Canada restated an "outperform" rating and set a $119.00 price objective on shares of Datadog in a report on Wednesday, May 7th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 target price on shares of Datadog in a research report on Thursday, August 14th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $153.10.

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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