New Century Financial Group LLC Takes $241,000 Position in Datadog, Inc. $DDOG

Key Points

• New Century Financial Group LLC has acquired a new position in Datadog, Inc. worth approximately $241,000 by purchasing 1,791 shares during the second quarter.
• Datadog's stock has seen significant institutional investment, with 78.29% of shares owned by hedge funds, including notable increases from Vanguard and Goldman Sachs.
• Datadog recently reported a 28.1% year-over-year revenue growth, reaching $826.76 million in a recent quarter, and exceeded earnings expectations by reporting $0.46 EPS compared to the estimated $0.41.

New Century Financial Group LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,791 shares of the company's stock, valued at approximately $241,000.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Datadog by 3.5% during the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after purchasing an additional 1,058,803 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after buying an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after buying an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after acquiring an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. increased its position in Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after acquiring an additional 2,103,838 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 0.7%

Shares of DDOG stock opened at $151.57 on Friday. The company's fifty day simple moving average is $136.55 and its two-hundred day simple moving average is $123.05. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a market cap of $52.86 billion, a P/E ratio of 433.07, a PEG ratio of 59.74 and a beta of 1.21. 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 issued its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business'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. Analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares of the company's stock, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,297,706 shares of company stock worth $170,365,427. 8.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

DDOG has been the topic of several research reports. Wells Fargo & Company started coverage on Datadog in a research report on Tuesday. They issued an "overweight" rating and a $190.00 target price on the stock. DA Davidson set a $160.00 price objective on shares of Datadog and gave the stock a "buy" rating in a report on Tuesday, August 5th. Monness Crespi & Hardt boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Canaccord Genuity Group upped their target price on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $156.00.

About Datadog

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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