Norinchukin Bank The Acquires 5,487 Shares of Datadog, Inc. $DDOG

Key Points

• Norinchukin Bank The increased its stake in Datadog, Inc. by 173.6%, acquiring an additional 5,487 shares, bringing its total ownership to 8,648 shares valued at approximately $858,000.
• Other institutional investors, including Vanguard Group and Goldman Sachs, also raised their holdings in Datadog significantly during the same quarter, reflecting strong interest in the stock.
• Datadog recently reported a Q2 earnings beat, with earnings per share of $0.46, surpassing estimates, and a revenue increase of 28.1% year-over-year to $826.76 million.

Norinchukin Bank The increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 173.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,648 shares of the company's stock after purchasing an additional 5,487 shares during the period. Norinchukin Bank The's holdings in Datadog were worth $858,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DDOG. Putney Financial Group LLC purchased a new stake in Datadog during the fourth quarter valued at approximately $32,000. Elequin Capital LP bought a new stake in Datadog during the 4th quarter valued at approximately $34,000. Coppell Advisory Solutions LLC lifted its holdings in shares of Datadog by 178.8% in the fourth quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock worth $40,000 after buying an additional 177 shares in the last quarter. Costello Asset Management INC purchased a new position in Datadog during the first quarter valued at $30,000. Finally, Cornerstone Planning Group LLC increased 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 acquiring an additional 154 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

DDOG traded down $4.84 during trading on Friday, hitting $136.12. The stock had a trading volume of 3,294,453 shares, compared to its average volume of 5,862,346. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The firm has a market capitalization of $47.47 billion, a P/E ratio of 389.93, a PEG ratio of 54.33 and a beta of 1.02. The company's 50-day moving average price is $137.24 and its 200 day moving average price is $119.50.

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, 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 analysts' expectations of $791.72 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The firm's quarterly 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, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, Director Shardul Shah sold 7,924 shares of Datadog stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total value of $1,115,699.20. Following the transaction, the director owned 380,281 shares in the company, valued at approximately $53,543,564.80. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $71,541,461.70. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,613,650 shares of company stock worth $206,313,892. 8.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DDOG. Canaccord Genuity Group raised their price objective on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Mizuho boosted their price objective on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. BTIG Research set a $136.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday, May 6th. Needham & Company LLC restated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research report on Thursday, August 14th. Finally, Wells Fargo & Company dropped their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

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.