Jackson Square Capital LLC Purchases Shares of 25,597 Datadog, Inc. $DDOG

Key Points

• Jackson Square Capital LLC has acquired a new stake in Datadog, Inc., purchasing 25,597 shares valued at approximately $3.4 million.
• Several hedge funds have significantly increased their positions in Datadog during the first quarter, with Goldman Sachs raising its holdings by 259.7% to own over 8.6 million shares.
• Datadog recently reported earnings that exceeded analyst expectations, with a revenue of $826.76 million for the quarter, marking a 28.1% year-over-year increase.

Jackson Square Capital LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,597 shares of the company's stock, valued at approximately $3,438,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DDOG. Goldman Sachs Group Inc. raised 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 valued at $858,994,000 after acquiring an additional 6,250,942 shares during the period. Brown Advisory Inc. grew its position in shares of Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $667,611,000 after purchasing an additional 1,261,065 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Datadog by 341.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock valued at $155,694,000 after purchasing an additional 1,213,475 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the sale, the chief technology officer directly owned 438,885 shares of the company's stock, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amit Agarwal sold 44,444 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $138.34, for a total transaction of $6,148,382.96. Following the sale, the director directly owned 1,640 shares in the company, valued at $226,877.60. This trade represents a 96.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,449,792 shares of company stock valued at $190,786,777. Company insiders own 8.70% of the company's stock.

Datadog Stock Up 1.5%

NASDAQ:DDOG traded up $2.01 during trading hours on Friday, reaching $138.82. The company's stock had a trading volume of 10,122,450 shares, compared to its average volume of 4,269,589. The stock has a 50 day moving average price of $136.70 and a two-hundred day moving average price of $120.79. The company has a market capitalization of $48.41 billion, a P/E ratio of 396.64, a price-to-earnings-growth ratio of 54.96 and a beta of 1.10. 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, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

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, topping analysts' consensus estimates of $0.41 by $0.05. The business 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 business's quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm 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. Equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DDOG. UBS Group set a $165.00 price objective on Datadog and gave the company a "buy" rating in a research report on Thursday, August 7th. Citigroup raised their price objective on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Canaccord Genuity Group raised their price objective on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wedbush restated an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Finally, Barclays set a $170.00 price objective on Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. 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 company. According to data from MarketBeat.com, the company currently 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.