Datadog, Inc. $DDOG Shares Acquired by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD has increased its stake in Datadog, Inc. by 23.1%, owning approximately 6.7 million shares valued at around $667.6 million.
• Institutional investors own 78.29% of Datadog's stock, reflecting significant confidence in the company's growth potential.
• In the recent earnings report, Datadog reported $826.76 million in revenue for the quarter, exceeding expectations and indicating a 28.1% year-over-year growth.

Price T Rowe Associates Inc. MD increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,729,254 shares of the company's stock after purchasing an additional 1,261,065 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.96% of Datadog worth $667,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in DDOG. Goldman Sachs Group Inc. grew its position in Datadog by 259.7% during the 1st 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 period. Janus Henderson Group PLC boosted its stake in shares of Datadog by 17,477.2% in the fourth quarter. Janus Henderson Group PLC now owns 4,016,558 shares of the company's stock worth $573,923,000 after buying an additional 3,993,707 shares during the last quarter. Brown Advisory Inc. grew its holdings in Datadog by 2,804.2% during the fourth quarter. Brown Advisory Inc. now owns 2,749,174 shares of the company's stock worth $392,830,000 after acquiring an additional 2,654,512 shares during the period. Baillie Gifford & Co. raised its position in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after acquiring an additional 1,369,522 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in Datadog by 341.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock valued at $155,694,000 after acquiring an additional 1,213,475 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Shares of Datadog stock traded up $8.38 during mid-day trading on Thursday, reaching $140.11. 4,685,045 shares of the stock traded hands, compared to its average volume of 5,849,424. The stock has a market capitalization of $48.86 billion, a PE ratio of 400.31, a PEG ratio of 52.09 and a beta of 1.02. The business has a 50-day moving average of $137.02 and a 200 day moving average of $119.54. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. 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 announced 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 net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. During the same quarter in the previous year, the company posted $0.43 EPS. The firm'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. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent research reports. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Rosenblatt Securities decreased their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Monness Crespi & Hardt raised 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. Cantor Fitzgerald increased their price target on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Wedbush restated an "outperform" rating and issued a $140.00 price objective on shares of Datadog in a research report on Wednesday, June 11th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average target price of $153.10.

Insider Activity

In related news, Director Titilope Cole sold 2,210 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $136.59, for a total value of $301,863.90. Following the sale, the director directly owned 6,347 shares in the company, valued at approximately $866,936.73. The trade was a 25.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Shardul Shah sold 7,924 shares of the company's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total transaction of $1,115,699.20. Following the completion of the transaction, the director directly owned 380,281 shares in the company, 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. In the last ninety days, insiders sold 930,139 shares of company stock worth $119,207,009. 8.70% of the stock is currently owned by corporate insiders.

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.