HighTower Advisors LLC Has $4.63 Million Stock Position in Datadog, Inc. $DDOG

Key Points

• HighTower Advisors LLC increased its stake in Datadog, Inc. by 5.7%, acquiring an additional 2,506 shares for a total of 46,662 shares valued at approximately $4.6 million.
• Datadog reported earnings per share (EPS) of $0.46 in its last quarter, exceeding analysts' expectations of $0.41, with revenue rising 28.1% from the previous year.
• Institutional investors hold approximately 78.29% of Datadog's stock, indicating strong support among major financial entities.

HighTower Advisors LLC increased its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,662 shares of the company's stock after buying an additional 2,506 shares during the quarter. HighTower Advisors LLC's holdings in Datadog were worth $4,629,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC boosted its stake in Datadog by 32.0% during 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 lifted its position in shares of Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after acquiring an additional 22,818 shares during the last quarter. LBP AM SA lifted its position in shares of Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after acquiring an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of Datadog in the fourth quarter valued at $314,000. 78.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total transaction of $5,576,201.96. Following the sale, the chief technology officer directly owned 452,769 shares of the company's stock, valued at $60,883,847.43. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shardul Shah sold 7,924 shares of Datadog stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following the sale, the director directly owned 380,281 shares in the company, valued at approximately $53,543,564.80. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 846,051 shares of company stock valued at $107,936,283 in the last quarter. Insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DDOG. Stifel Nicolaus increased their target price on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Guggenheim reiterated a "sell" rating and issued a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price on the stock in a report on Thursday, June 12th. Morgan Stanley upped their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.10.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded up $2.07 during midday trading on Friday, hitting $131.22. The company's stock had a trading volume of 3,826,266 shares, compared to its average volume of 6,020,662. The stock has a market capitalization of $45.76 billion, a price-to-earnings ratio of 312.43, a PEG ratio of 54.12 and a beta of 1.02. The stock's 50 day simple moving average is $136.83 and its 200 day simple moving average is $119.85. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week 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.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million for 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%.The firm's revenue was up 28.1% compared to the same quarter last year. 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. As a group, research analysts anticipate 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.