Jump Financial LLC Boosts Stake in Datadog, Inc. $DDOG

Key Points

• Jump Financial LLC increased its stake in Datadog, Inc. by 204.0% during the first quarter, now holding 335,428 shares valued at approximately $33.28 million.
• Insider trading activity includes CTO Alexis Le-Quoc and CEO Olivier Pomel selling significant shares, with over 846,051 shares sold by insiders in the last three months.
• Datadog reported quarterly earnings beating estimates, with a revenue of $826.76 million and EPS of $0.46, marking a 28.1% year-over-year increase.

Jump Financial LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 204.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 335,428 shares of the company's stock after purchasing an additional 225,100 shares during the quarter. Datadog comprises 0.5% of Jump Financial LLC's holdings, making the stock its 24th biggest position. Jump Financial LLC owned approximately 0.10% of Datadog worth $33,278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC increased its stake in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new position in Datadog during the 1st quarter valued at approximately $30,000. Putney Financial Group LLC acquired a new position in Datadog during the 4th quarter valued at approximately $32,000. Finally, Elequin Capital LP acquired a new position in Datadog during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Price Performance

DDOG traded up $5.42 during midday trading on Wednesday, hitting $131.73. 6,064,145 shares of the company traded hands, compared to its average volume of 5,857,542. 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 has a market capitalization of $45.94 billion, a price-to-earnings ratio of 376.38, a PEG ratio of 52.95 and a beta of 1.02. 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 $136.99 and a two-hundred day simple moving average of $119.45.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company's revenue was up 28.1% compared to the same quarter last year. During the same period last 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. On average, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DDOG shares. Rosenblatt Securities cut their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Needham & Company LLC reiterated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research note on Thursday, August 14th. Monness Crespi & Hardt increased their price objective on shares of Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Mizuho increased their price objective on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research note on Tuesday, August 5th. 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of the stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the transaction, the chief executive officer directly owned 548,715 shares of the company's stock, valued at $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $119.96, for a total transaction of $15,247,515.80. Following the transaction, the chief technology officer directly owned 452,769 shares in the company, valued at approximately $54,314,169.24. The trade was a 21.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 930,139 shares of company stock valued at $119,207,009. 8.70% of the stock is currently owned by company insiders.

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.