Infinitum Asset Management LLC Makes New $4.96 Million Investment in Datadog, Inc. $DDOG

Key Points

• Infinitum Asset Management LLC acquired 50,000 shares of Datadog, Inc., amounting to approximately $4.96 million, representing about 1.6% of its total holdings.
• Datadog reported $826.76 million in revenue for the latest quarter, surpassing expectations and marking a 28.1% year-over-year increase.
• Analysts maintain a strong outlook for Datadog, with several firms setting target prices between $160.00 and $175.00 and a consensus rating of "Moderate Buy."

Infinitum Asset Management LLC acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 50,000 shares of the company's stock, valued at approximately $4,960,000. Datadog makes up approximately 1.6% of Infinitum Asset Management LLC's portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Datadog during the 4th quarter worth about $209,000. Bison Wealth LLC purchased a new stake in shares of Datadog during the fourth quarter worth about $228,000. Captrust Financial Advisors lifted its stake in shares of Datadog by 17.6% in the 4th quarter. Captrust Financial Advisors now owns 11,190 shares of the company's stock valued at $1,599,000 after purchasing an additional 1,677 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Datadog by 24.4% in the fourth quarter. Cetera Investment Advisers now owns 61,603 shares of the company's stock valued at $8,802,000 after purchasing an additional 12,086 shares during the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in shares of Datadog in the 4th quarter valued at about $477,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity

In related news, CFO David M. Obstler sold 12,619 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $1,689,053.15. Following the transaction, the chief financial officer directly owned 386,651 shares of the company's stock, valued at approximately $51,753,236.35. The trade was a 3.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Kerry Acocella sold 5,142 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total value of $688,256.70. Following the completion of the sale, the general counsel directly owned 97,377 shares of the company's stock, valued at $13,033,911.45. This represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,373,448 shares of company stock worth $179,825,785. Company insiders own 8.70% of the company's stock.

Datadog Trading Down 0.9%

Shares of Datadog stock traded down $1.33 during trading on Wednesday, hitting $139.13. The company's stock had a trading volume of 4,858,721 shares, compared to its average volume of 5,811,899. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. 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 50-day moving average price of $137.99 and a two-hundred day moving average price of $119.55. The stock has a market cap of $48.52 billion, a price-to-earnings ratio of 397.53, a price-to-earnings-growth ratio of 54.93 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the business posted $0.43 EPS. The business's revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on DDOG shares. UBS Group set a $165.00 target price on shares of Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. Jefferies Financial Group raised their target price on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Monness Crespi & Hardt upped their price objective on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus raised their price target on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.