KLP Kapitalforvaltning AS Increases Stock Position in Datadog, Inc. $DDOG

Key Points

• KLP Kapitalforvaltning AS has increased its stake in Datadog, Inc. by 12.1% during Q2, bringing its total shares to 103,700, valued at approximately $13.93 million.
• Several other institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., also expanded their positions significantly in Datadog during the first quarter of the year.
• Analysts have varied opinions on Datadog's stock, with price target upgrades from $145 to $185 and an overall average rating of "Moderate Buy."

KLP Kapitalforvaltning AS boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,700 shares of the company's stock after purchasing an additional 11,200 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Datadog were worth $13,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Datadog by 3.5% during 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 last quarter. Baillie Gifford & Co. grew its position in 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 acquiring an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. grew its position 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 last quarter. Price T Rowe Associates Inc. MD grew its position 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 valued at $667,611,000 after acquiring an additional 1,261,065 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in 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 acquiring an additional 2,103,838 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DDOG shares. Mizuho increased their price target on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Wedbush reiterated an "outperform" rating and set a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. DA Davidson increased their price target on shares of Datadog from $170.00 to $180.00 and gave the company a "buy" rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Datadog in a research note on Wednesday. Finally, Monness Crespi & Hardt lifted their target price 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. Twenty-four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average target price of $157.61.

Datadog Stock Up 6.2%

Shares of NASDAQ DDOG opened at $164.12 on Thursday. The company has a market cap of $57.24 billion, a price-to-earnings ratio of 468.93, a PEG ratio of 60.46 and a beta of 1.21. The firm's fifty day moving average is $137.11 and its 200 day moving average is $124.51. Datadog, Inc. has a 52 week low of $81.63 and a 52 week 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.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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 net margin of 4.13% and a return on equity of 5.04%. The company's quarterly revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the firm 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, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In other Datadog news, Director Amit Agarwal sold 45,444 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares of the company's stock, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the transaction, the director directly owned 12,496 shares in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,443,361 shares of company stock valued at $193,083,012 in the last 90 days. 8.70% of the stock is owned by company insiders.

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.

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