Interval Partners LP Acquires New Holdings in Datadog, Inc. $DDOG

Key Points

• Interval Partners LP has acquired 2,601 shares of Datadog, valued at approximately $258,000, marking their new investment in the company during the first quarter.
• Datadog reported a 28.1% increase in revenue year-over-year, with quarterly earnings of $0.46 per share, surpassing analyst expectations.
• Recent analyst upgrades include price target increases from Bank of America to $175.00 and Barclays to $170.00, indicating a positive outlook on Datadog's performance.

Interval Partners LP purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,601 shares of the company's stock, valued at approximately $258,000.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Datadog by 3.5% during the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after acquiring an additional 1,058,803 shares during the period. Baillie Gifford & Co. grew its holdings in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. grew its holdings in Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after acquiring an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. grew its holdings in Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after acquiring an additional 2,103,838 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays set a $170.00 target price on Datadog and gave the stock an "overweight" rating in a report on Thursday, August 7th. Needham & Company LLC reissued a "buy" rating and issued a $175.00 price target on shares of Datadog in a research note on Thursday, August 14th. Citigroup lifted their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Guggenheim reissued a "sell" rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. Finally, Jefferies Financial Group lifted their price target on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. Twenty-four investment 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. According to MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Stock Down 0.8%

NASDAQ DDOG traded down $1.12 during trading on Friday, reaching $138.04. 950,835 shares of the company's stock were exchanged, compared to its average volume of 5,766,741. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market capitalization of $48.14 billion, a PE ratio of 394.64, a P/E/G ratio of 54.78 and a beta of 1.10. 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 company's fifty day simple moving average is $137.74 and its 200-day simple moving average is $119.84.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS 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 analyst estimates of $791.72 million. During the same period last year, the company posted $0.43 EPS. The business's quarterly 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. Sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, CRO Sean Michael Walters sold 10,622 shares of Datadog stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $1,421,754.70. Following the completion of the sale, the executive directly owned 201,702 shares in the company, valued at $26,997,812.70. The trade was a 5.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Adam Blitzer sold 7,950 shares of Datadog stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total value of $1,050,433.50. Following the sale, the chief operating officer owned 181,728 shares of the company's stock, valued at approximately $24,011,720.64. This represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,406,371 shares of company stock worth $184,294,753 over the last quarter. Insiders own 8.70% of the company's stock.

About Datadog

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.