Oberndorf William E Makes New $7.19 Million Investment in Datadog, Inc. $DDOG

Key Points

• Oberndorf William E has taken a significant position in Datadog, Inc., acquiring 72,474 shares valued at approximately $7.19 million, which represents about 9.2% of its total holdings.
• Several institutional investors have recently increased their stakes in Datadog, with 78.29% of the stock now owned by such entities.
• Despite a recent price target adjustment by some analysts, the consensus rating for Datadog remains a "Moderate Buy" with an average target price of $153.10.

Oberndorf William E bought a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 72,474 shares of the company's stock, valued at approximately $7,190,000. Datadog comprises about 9.2% of Oberndorf William E's investment portfolio, making the stock its 6th biggest holding.

Several other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after purchasing an additional 1,058,803 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after purchasing an additional 2,103,838 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Datadog by 4.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,656,379 shares of the company's stock worth $461,959,000 after purchasing an additional 180,100 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Trading Up 1.6%

Shares of DDOG traded up $2.07 during mid-day trading on Friday, reaching $131.22. 3,826,266 shares of the company's stock traded hands, compared to its average volume of 6,020,662. The stock has a market cap of $45.76 billion, a P/E ratio of 374.92, a P/E/G ratio of 53.27 and a beta of 1.02. The stock's 50-day moving average is $136.83 and its two-hundred day moving average is $119.85. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly 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 analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the topic of several analyst reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Stifel Nicolaus boosted their price objective on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Thursday, June 26th. Cantor Fitzgerald boosted their price objective on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Citigroup boosted their price objective on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Finally, Canaccord Genuity Group boosted their price objective on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Twenty-four 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Transactions at Datadog

In related news, Director Titilope Cole sold 2,210 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $136.59, for a total value of $301,863.90. Following the completion of the sale, the director owned 6,347 shares in the company, valued at approximately $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Shardul Shah sold 7,924 shares of the business's 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 completion of the sale, the director owned 380,281 shares of the company's stock, valued at $53,543,564.80. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 846,051 shares of company stock valued at $107,936,283 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

Datadog Company 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.