MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $33.72 Million Stock Holdings in Datadog, Inc. $DDOG

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Datadog, Inc. by 3.9%, acquiring an additional 12,811 shares and totaling approximately $33.7 million in value.
• Datadog reported a 28.1% increase in revenue year-over-year for the quarter, reaching $826.76 million, and earnings per share exceeded estimates at $0.46.
• Analysts remain bullish with 24 buy ratings and an average price target of $153.10, signaling strong market confidence in Datadog's growth potential.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,879 shares of the company's stock after buying an additional 12,811 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.10% of Datadog worth $33,724,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC grew its holdings in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC purchased a new stake in Datadog in the 1st quarter valued at about $30,000. Putney Financial Group LLC purchased a new stake in Datadog in the 4th quarter valued at about $32,000. Finally, Elequin Capital LP purchased a new stake in Datadog in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Down 0.8%

Shares of DDOG traded down $1.12 during trading on Friday, reaching $138.04. The company's stock had a trading volume of 950,835 shares, compared to its average volume of 5,766,741. The company has a fifty day moving average of $137.74 and a two-hundred day moving average of $119.84. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market cap of $48.14 billion, a price-to-earnings ratio of 394.64, a P/E/G ratio of 54.78 and a beta of 1.10. 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 data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $791.72 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm's 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. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the company. Mizuho lifted their price target on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Wedbush reiterated an "outperform" rating and set a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. UBS Group set a $165.00 target price on Datadog and gave the stock a "buy" rating in a report on Thursday, August 7th. Needham & Company LLC reiterated a "buy" rating and set a $175.00 target price on shares of Datadog in a report on Thursday, August 14th. Finally, Citigroup increased their price objective on shares of Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Insider Buying and Selling at Datadog

In other Datadog news, COO Adam Blitzer sold 7,950 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total value of $1,050,433.50. Following the sale, the chief operating officer directly owned 181,728 shares of the company's stock, valued at $24,011,720.64. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CRO Sean Michael Walters sold 10,622 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $1,421,754.70. Following the transaction, the executive directly owned 201,702 shares in the company, valued at $26,997,812.70. This trade represents a 5.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,406,371 shares of company stock worth $184,294,753. 8.70% of the stock is owned by insiders.

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.