Nissay Asset Management Corp Japan ADV Has $7.29 Million Position in Datadog, Inc. $DDOG

Key Points

• Nissay Asset Management Corp Japan ADV has increased its stake in Datadog, Inc. by 11.5%, now holding 73,472 shares worth approximately $7.29 million.
• Datadog reported a 28.1% increase in revenue year-over-year, with earnings of $0.46 per share surpassing analyst expectations of $0.41.
• The stock received a series of price target upgrades from various analysts, with Monness Crespi & Hardt raising it to $185.00 and maintaining a "buy" rating.

Nissay Asset Management Corp Japan ADV increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,472 shares of the company's stock after acquiring an additional 7,580 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in Datadog were worth $7,289,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Putney Financial Group LLC acquired a new position in Datadog in the fourth quarter valued at about $32,000. Elequin Capital LP acquired a new position in Datadog in the fourth quarter valued at about $34,000. Costello Asset Management INC acquired a new position in Datadog in the first quarter valued at about $30,000. Cornerstone Planning Group LLC boosted its position in Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new position in Datadog in the fourth quarter valued at about $48,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Up 3.3%

Shares of NASDAQ DDOG opened at $136.08 on Friday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a market cap of $47.46 billion, a PE ratio of 388.81, a P/E/G ratio of 54.78 and a beta of 1.10. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average of $137.78 and a two-hundred day moving average of $119.34.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping 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 company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The company'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 expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Monness Crespi & Hardt boosted their price target 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. Stifel Nicolaus boosted their price target on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. Canaccord Genuity Group boosted their price target on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Finally, Wedbush restated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Twenty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Buying and Selling at Datadog

In related news, CRO Sean Michael Walters sold 10,622 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $1,421,754.70. Following the completion of the sale, the executive directly owned 201,702 shares of the company's stock, valued at $26,997,812.70. The trade was a 5.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Kerry Acocella sold 5,142 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $688,256.70. Following the sale, the general counsel directly owned 97,377 shares of the company's stock, valued at approximately $13,033,911.45. This trade represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,505,813 shares of company stock valued at $195,879,679 over the last 90 days. Company insiders own 8.70% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.