NewEdge Advisors LLC Buys 37,352 Shares of Datadog, Inc. $DDOG

Key Points

• NewEdge Advisors LLC significantly increased its holdings in Datadog, Inc. by 502.2% in Q1, owning 44,790 shares valued at $4.44 million.
• Datadog reported a $0.46 EPS for the quarter, beating analyst expectations, with revenues up 28.1% year-over-year at $826.76 million.
• Analysts have a generally positive outlook on Datadog, with multiple firms raising their target prices, and a consensus rating of "Moderate Buy" with an average target price of $153.10.

NewEdge Advisors LLC boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 502.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,790 shares of the company's stock after purchasing an additional 37,352 shares during the period. NewEdge Advisors LLC's holdings in Datadog were worth $4,444,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Emerald Advisers LLC lifted its holdings in Datadog by 1.1% during the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock valued at $923,000 after purchasing an additional 97 shares during the last quarter. YANKCOM Partnership increased its position in Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after acquiring an additional 99 shares in the last quarter. Covestor Ltd increased its position in Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock valued at $138,000 after acquiring an additional 113 shares in the last quarter. State of Wyoming increased its position in Datadog by 3.7% in the 4th quarter. State of Wyoming now owns 3,277 shares of the company's stock valued at $468,000 after acquiring an additional 117 shares in the last quarter. Finally, Forum Financial Management LP increased its position in Datadog by 6.1% in the 1st quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock valued at $202,000 after acquiring an additional 118 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction that occurred 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 transaction, the director owned 219,831 shares of the company's stock, valued at $27,909,743.76. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction that occurred 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 transaction, the chief technology officer directly owned 438,885 shares in the company, valued at $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,406,371 shares of company stock valued at $184,294,753 in the last 90 days. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research reports. Barclays set a $170.00 price objective on shares of Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Cantor Fitzgerald raised their price objective on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Citigroup raised their price objective on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Jefferies Financial Group raised their price objective on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Finally, Mizuho raised their price objective on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Trading Down 1.9%

NASDAQ:DDOG traded down $2.65 during mid-day trading on Friday, hitting $136.50. The company had a trading volume of 3,032,652 shares, compared to its average volume of 4,190,323. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The business's fifty day moving average is $137.36 and its two-hundred day moving average is $119.98. 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 firm has a market cap of $47.60 billion, a P/E ratio of 390.01, a P/E/G ratio of 54.79 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share 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 firm had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company'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, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.