LeConte Wealth Management LLC Acquires Shares of 2,576 Datadog, Inc. $DDOG

Key Points

• LeConte Wealth Management LLC acquired 2,576 shares of Datadog, valued at approximately $346,000, during the second quarter, indicating growing institutional interest in the stock.
• Several hedge funds, including Wealth Enhancement Advisory Services LLC and BNP PARIBAS ASSET MANAGEMENT Holding S.A., have significantly increased their holdings in Datadog, underscoring strong institutional confidence.
• Analysts have raised their price targets for Datadog, with firms like Jefferies Financial Group and Citigroup setting targets between $160.00 and $170.00, contributing to a consensus price target of $153.10.

LeConte Wealth Management LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,576 shares of the company's stock, valued at approximately $346,000.

A number of other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after purchasing an additional 3,760 shares during the last quarter. Motley Fool Asset Management LLC boosted its position in shares of Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after purchasing an additional 22,818 shares during the last quarter. LBP AM SA boosted its position in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after purchasing an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock worth $9,032,000 after purchasing an additional 58,369 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 10,094 shares of Datadog stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $134.36, for a total value of $1,356,229.84. Following the sale, the director owned 1,640 shares of the company's stock, valued at $220,350.40. This trade represents a 86.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $135.74, for a total value of $4,468,968.02. Following the completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $72,398,014.92. This represents a 5.81% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,325,980 shares of company stock worth $174,481,739. 8.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Scotiabank restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Jefferies Financial Group raised their price target on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Citigroup raised their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Finally, Needham & Company LLC restated a "buy" rating and issued a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Stock Down 0.7%

NASDAQ:DDOG opened at $136.57 on Thursday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. 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 $47.63 billion, a price-to-earnings ratio of 390.21, a PEG ratio of 54.43 and a beta of 1.10. The stock has a 50-day moving average price of $136.58 and a two-hundred day moving average price of $121.27.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. During the same period in the previous year, the firm earned $0.43 earnings per share. The company's revenue was up 28.1% on a year-over-year basis. 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, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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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