Lbp Am Sa Raises Holdings in Datadog, Inc. $DDOG

Key Points

• Lbp Am Sa increased its stake in Datadog, Inc. by 3.3% in Q2, owning 433,751 shares valued at approximately $58.27 million.
• Several institutional investors have notably increased their positions in Datadog, with the Oversea Chinese Banking Corp notably expanding by 887%.
• Datadog reported a 28.1% increase in revenue year-over-year for the last quarter, along with an EPS of $0.46, surpassing analyst expectations.

Lbp Am Sa grew its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,751 shares of the company's stock after purchasing an additional 13,946 shares during the period. Datadog makes up approximately 0.8% of Lbp Am Sa's investment portfolio, making the stock its 24th biggest position. Lbp Am Sa owned 0.13% of Datadog worth $58,266,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DDOG. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Datadog by 887.0% during the first 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 grew its position in shares of Datadog by 96.9% during the first 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 purchased a new position in shares of Datadog during the first quarter valued at about $30,000. Opal Wealth Advisors LLC bought a new position in shares of Datadog in the 1st quarter valued at about $37,000. Finally, Center for Financial Planning Inc. lifted its holdings in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock valued at $37,000 after acquiring an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Down 2.0%

Shares of NASDAQ DDOG opened at $142.40 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market cap of $49.66 billion, a P/E ratio of 406.87, a PEG ratio of 56.83 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 firm has a 50-day simple moving average of $136.28 and a two-hundred day simple moving average of $122.51.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data 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. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.78, for a total transaction 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. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Kerry Acocella sold 5,142 shares of Datadog stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $688,256.70. Following the sale, the general counsel directly owned 97,377 shares of the company's stock, valued at $13,033,911.45. This represents a 5.02% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,322,175 shares of company stock valued at $173,997,227. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on DDOG. DA Davidson set a $160.00 price target on shares of Datadog and gave the company a "buy" rating in a report on Tuesday, August 5th. Barclays set a $170.00 price target on shares of Datadog and gave the company an "overweight" rating in a report on Thursday, August 7th. BMO Capital Markets increased their price target on shares of Datadog from $150.00 to $154.00 and gave the company an "outperform" rating in a report on Monday. Wells Fargo & Company began coverage on shares of Datadog in a report on Tuesday. They issued an "overweight" rating and a $190.00 price target for the company. Finally, Mizuho increased their price target on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Twenty-five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.00.

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.

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