Mirae Asset Global Investments Co. Ltd. Boosts Stock Position in Datadog, Inc. $DDOG

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Datadog, Inc. by 11.2%, owning approximately 0.05% of the company valued at $24.07 million after purchasing additional shares in the second quarter.
• Institutional investors collectively own 78.29% of Datadog, with various firms significantly increasing their holdings recently, reflecting strong confidence in the company's performance.
• Datadog reported an earnings per share (EPS) of $0.46 for the last quarter, surpassing analysts' expectations and indicating a 28.1% year-over-year revenue growth.

Mirae Asset Global Investments Co. Ltd. lifted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 179,212 shares of the company's stock after buying an additional 18,120 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of Datadog worth $24,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC purchased a new stake in Datadog during the 4th quarter worth about $209,000. Bison Wealth LLC acquired a new position in shares of Datadog during the fourth quarter worth about $228,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after buying an additional 3,760 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Datadog by 9,984.3% during the first quarter. GAMMA Investing LLC now owns 79,666 shares of the company's stock worth $7,904,000 after buying an additional 78,876 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of Datadog by 228.8% during the first quarter. Merit Financial Group LLC now owns 7,898 shares of the company's stock worth $784,000 after buying an additional 5,496 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the sale, the director directly owned 372,365 shares of the company's stock, valued at $51,304,449.70. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $150.94, for a total value of $6,259,179.92. Following the completion of the sale, the chief technology officer directly owned 438,885 shares of the company's stock, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,384,618 shares of company stock worth $183,444,843. Insiders own 8.70% of the company's stock.

Datadog Trading Up 0.2%

DDOG opened at $151.82 on Friday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a market cap of $52.95 billion, a P/E ratio of 433.78, a PEG ratio of 59.30 and a beta of 1.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The business's 50-day simple moving average is $136.59 and its 200-day simple moving average is $123.39.

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

Analyst Ratings Changes

A number of brokerages have recently commented on DDOG. Wedbush reissued an "outperform" rating and set a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Weiss Ratings reissued a "sell (d+)" rating on shares of Datadog in a research report on Saturday, September 27th. Stifel Nicolaus boosted their price objective on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. BMO Capital Markets boosted their price objective on Datadog from $150.00 to $154.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. Finally, Jefferies Financial Group increased their price objective on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 4th. Twenty-five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and a consensus target price of $156.69.

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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