MIG Capital LLC Boosts Stake in Datadog, Inc. $DDOG

Key Points

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MIG Capital LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 526.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,313 shares of the company's stock after acquiring an additional 12,027 shares during the quarter. Datadog comprises approximately 0.2% of MIG Capital LLC's portfolio, making the stock its 23rd biggest holding. MIG Capital LLC's holdings in Datadog were worth $1,420,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DDOG. Goldman Sachs Group Inc. raised its position in Datadog by 259.7% in the first 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. Janus Henderson Group PLC raised its position in Datadog by 17,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after acquiring an additional 3,993,707 shares in the last quarter. Brown Advisory Inc. raised its position in Datadog by 2,804.2% in the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock worth $392,830,000 after acquiring an additional 2,654,512 shares in the last quarter. Baillie Gifford & Co. raised its position in Datadog by 12.6% in the first 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. Finally, Assenagon Asset Management S.A. raised its position in Datadog by 341.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock worth $155,694,000 after acquiring an additional 1,213,475 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In other news, CRO Sean Michael Walters sold 9,469 shares of the company's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $150.00, for a total value of $1,420,350.00. Following the sale, the executive directly owned 212,324 shares in the company, valued at $31,848,600. This represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Titilope Cole sold 2,210 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $136.59, for a total value of $301,863.90. Following the completion of the transaction, the director owned 6,347 shares of the company's stock, valued at $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 846,051 shares of company stock valued at $107,936,283. Insiders own 8.70% of the company's stock.

Datadog Price Performance

Shares of NASDAQ:DDOG traded up $2.07 on Friday, hitting $131.22. The company had a trading volume of 3,826,266 shares, compared to its average volume of 6,020,662. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The business has a 50 day moving average of $136.83 and a 200 day moving average of $119.85. The company has a market cap of $45.76 billion, a PE ratio of 374.92, a PEG ratio of 53.27 and a beta of 1.02.

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 the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same period in the prior year, the business earned $0.43 earnings per share. The business'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 anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on DDOG shares. Macquarie cut their price objective on Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Wedbush reissued an "outperform" rating and issued a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. BTIG Research set a $136.00 target price on Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Jefferies Financial Group upped their target price on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Guggenheim reissued a "sell" rating and issued a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $153.10.

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.