2,163 Shares in Datadog, Inc. $DDOG Purchased by Kaufman Rossin Wealth LLC

Key Points

• Kaufman Rossin Wealth LLC has acquired a new position in Datadog, Inc. valued at approximately $291,000, buying 2,163 shares during Q2.
• Wall Street analysts project strong growth for Datadog, with price targets from brokerages ranging significantly, including $175.00 from Bank of America and $165.00 from UBS.
• The company reported Q2 earnings of $0.46 per share, surpassing estimates, with revenue reaching $826.76 million, a 28.1% increase year-over-year.

Kaufman Rossin Wealth LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,163 shares of the company's stock, valued at approximately $291,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after acquiring an additional 1,058,803 shares during the period. Baillie Gifford & Co. increased its stake in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after buying an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. increased its position in Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD increased its position in Datadog by 23.1% during the 1st 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 during the period. Finally, Brown Advisory Inc. increased its position in Datadog by 76.5% during the 1st 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 during the period. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DDOG shares. Mizuho upped their price target 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. Scotiabank reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Finally, Bank of America boosted their target price on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Twenty-four research 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.10.

Datadog Price Performance

DDOG stock traded down $0.45 during midday trading on Monday, hitting $138.37. The company's stock had a trading volume of 3,736,820 shares, compared to its average volume of 5,758,491. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $48.25 billion, a price-to-earnings ratio of 395.35, a price-to-earnings-growth ratio of 54.96 and a beta of 1.10. The company has a 50 day moving average of $136.70 and a two-hundred day moving average of $120.85.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during 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 company's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In related news, COO Adam Blitzer sold 7,950 shares of Datadog stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total transaction of $1,050,433.50. Following the completion of the sale, the chief operating officer owned 181,728 shares of the company's stock, valued at $24,011,720.64. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the transaction, the director directly owned 372,365 shares of the company's stock, valued at $51,304,449.70. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,449,792 shares of company stock valued at $190,786,777. 8.70% of the stock is owned by 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.