Kingstone Capital Partners Texas LLC Takes Position in Datadog, Inc. $DDOG

Key Points

• Kingstone Capital Partners Texas LLC acquired a new stake in Datadog, Inc., purchasing 1,318,020 shares valued at approximately $177 million, representing a 0.38% ownership in the company.
• A variety of other institutional investors also increased their stakes in Datadog, leading to a total of 78.29% of ownership held by institutional investors and hedge funds.
• Datadog's stock received several price target increases from analysts, with Cantor Fitzgerald raising its target to $179, indicating strong confidence from multiple research firms in the company's future performance.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,318,020 shares of the company's stock, valued at approximately $177,050,000. Kingstone Capital Partners Texas LLC owned approximately 0.38% of Datadog at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DDOG. IFM Investors Pty Ltd boosted its position in Datadog by 8.7% in the second quarter. IFM Investors Pty Ltd now owns 55,096 shares of the company's stock valued at $7,401,000 after buying an additional 4,427 shares in the last quarter. Western Pacific Wealth Management LP lifted its stake in shares of Datadog by 16.1% in the second quarter. Western Pacific Wealth Management LP now owns 1,082 shares of the company's stock worth $145,000 after acquiring an additional 150 shares during the period. NorthCrest Asset Manangement LLC acquired a new position in shares of Datadog in the 2nd quarter worth approximately $215,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Datadog by 99.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 34,771 shares of the company's stock valued at $4,671,000 after buying an additional 17,349 shares during the period. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in Datadog by 8.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 107,400 shares of the company's stock valued at $14,427,000 after buying an additional 8,600 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity at Datadog

In other news, General Counsel Kerry Acocella sold 5,142 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $688,256.70. Following the completion of the sale, the general counsel directly owned 97,377 shares in the company, valued at approximately $13,033,911.45. This represents a 5.02% 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, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the sale, the director owned 372,365 shares of the company's stock, valued at approximately $51,304,449.70. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,449,792 shares of company stock valued at $190,786,777 in the last quarter. 8.70% of the stock is currently owned by company insiders.

Datadog Trading Down 0.3%

DDOG stock traded down $0.45 during trading on Monday, hitting $138.37. 2,032,981 shares of the company traded hands, compared to its average volume of 5,747,900. The firm has a market capitalization of $48.25 billion, a PE ratio of 395.35, a P/E/G ratio of 54.96 and a beta of 1.10. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The company has a 50-day moving average of $136.70 and a 200-day moving average of $120.85.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter 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. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on DDOG. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target on the stock in a research note on Thursday, June 12th. Mizuho increased their price target on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. UBS Group set a $165.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Citigroup increased their price target on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, Canaccord Genuity Group raised their price target on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twenty-four equities 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 stock. Based on data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus price target 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.