66,792 Shares in Datadog, Inc. $DDOG Purchased by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC acquired 66,792 shares of Datadog, Inc. ($DDOG), valued at approximately $6.63 million, indicating institutional interest in the company.
• Significant increases in holdings have been reported by other institutional investors, with Goldman Sachs boosting its stake by 259.7% during the 1st quarter.
• Datadog reported earnings of $0.46 per share, surpassing analysts' expectations and showing a 28.1% year-over-year revenue growth to $826.76 million.

Magnetar Financial LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 66,792 shares of the company's stock, valued at approximately $6,626,000.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after buying an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake 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 valued at $3,783,000 after purchasing an additional 22,818 shares during the last quarter. LBP AM SA lifted its holdings 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 acquiring an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock valued at $78,112,000 after acquiring an additional 156,152 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new position in shares of Datadog in the fourth quarter worth $314,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on DDOG. DA Davidson set a $160.00 target price on shares of Datadog and gave the stock a "buy" rating in a research note on Tuesday, August 5th. UBS Group set a $165.00 price target on Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Bank of America lifted their price target on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Scotiabank reissued an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Finally, Cantor Fitzgerald lifted their price objective on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. 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 company currently has an average rating of "Moderate Buy" and an average price target of $153.10.

Datadog Stock Down 1.5%

Shares of NASDAQ DDOG traded down $1.99 during trading on Tuesday, reaching $134.69. 4,841,367 shares of the stock were exchanged, compared to its average volume of 5,867,976. The business's 50-day moving average price is $137.56 and its 200 day moving average price is $119.16. The company has a market capitalization of $46.97 billion, a price-to-earnings ratio of 384.84, a price-to-earnings-growth ratio of 56.37 and a beta of 1.11. Datadog, Inc. has a twelve month low of $81.63 and a twelve month 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm's quarterly 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 forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total value of $5,576,201.96. Following the transaction, the chief technology officer directly owned 452,769 shares in the company, valued at $60,883,847.43. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $130.38, for a total value of $4,292,500.74. Following the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $71,541,461.70. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,503,062 shares of company stock valued at $193,352,588 over the last three months. 8.70% of the stock is owned by company insiders.

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.