Kodai Capital Management LP Invests $23.07 Million in Datadog, Inc. $DDOG

Key Points

• Kodai Capital Management LP acquired 232,564 shares of Datadog, Inc., valued at approximately $23.1 million, representing about 0.07% ownership of the company.
• Several institutional investors, including Goldman Sachs Group and Vanguard Group, significantly increased their stakes in Datadog during the first quarter, indicating strong interest in the company.
• Datadog's stock has seen a 7% increase, with recent earnings exceeding estimates and a positive outlook from analysts, reflected in the consensus rating of "Moderate Buy" with an average target price of $153.10.

Kodai Capital Management LP purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 232,564 shares of the company's stock, valued at approximately $23,073,000. Kodai Capital Management LP owned approximately 0.07% of Datadog as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in shares of Datadog by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after acquiring an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. boosted its stake in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of 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 worth $667,611,000 after acquiring an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of Datadog by 76.5% during the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after acquiring an additional 2,103,838 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Down 3.0%

Datadog stock traded down $4.28 during mid-day trading on Monday, hitting $136.68. 5,105,132 shares of the company's stock were exchanged, compared to its average volume of 6,052,554. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The stock has a 50 day moving average of $137.42 and a two-hundred day moving average of $119.12. 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 stock has a market cap of $47.67 billion, a P/E ratio of 390.53, a P/E/G ratio of 56.37 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The company 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 firm's revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. As a group, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Scotiabank reissued an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Macquarie reduced their target price on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Monness Crespi & Hardt increased their target price on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Barclays set a $170.00 target price on Datadog and gave the company an "overweight" rating in a report on Thursday, August 7th. Finally, Guggenheim restated a "sell" rating and issued a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.10.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 575,863 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 127,105 shares of the firm's 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 completion of the transaction, the chief technology officer owned 452,769 shares in the company, valued at $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. Insiders have sold a total of 1,517,772 shares of company stock worth $195,091,898 over the last 90 days. Insiders own 8.70% of the company's stock.

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.