Datadog, Inc. $DDOG Shares Bought by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC increased its stake in Datadog, Inc. by 23.1% during the first quarter, now holding 133,536 shares worth approximately $13.25 million.
• Datadog reported Q2 earnings of $0.46 per share, exceeding estimates, with revenue of $826.76 million reflecting a year-over-year increase of 28.1%.
• Insider sales included Alexis Le-Quoc, CTO, selling 41,468 shares, and Olivier Pomel, CEO, selling 32,923 shares, indicating a reduction in their holdings.

Rafferty Asset Management LLC grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 23.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 133,536 shares of the company's stock after purchasing an additional 25,077 shares during the period. Rafferty Asset Management LLC's holdings in Datadog were worth $13,248,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Datadog by 3.5% during the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after buying an additional 1,058,803 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Datadog by 12.6% during the 1st 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 period. Goldman Sachs Group Inc. lifted its stake in shares of 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. Price T Rowe Associates Inc. MD lifted its stake in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after purchasing an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. lifted its stake in shares of Datadog by 76.5% during the 1st 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 period. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Down 3.0%

NASDAQ:DDOG traded down $4.28 during mid-day trading on Friday, hitting $136.68. The company had a trading volume of 5,105,132 shares, compared to its average volume of 6,100,649. The business has a fifty day simple moving average of $137.42 and a 200-day simple moving average of $119.24. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The firm has a market capitalization of $47.67 billion, a price-to-earnings ratio of 390.53, a PEG ratio of 56.37 and a beta of 1.02.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Canaccord Genuity Group increased their price target on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Cantor Fitzgerald increased their price target on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Citigroup increased their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $175.00 target price on shares of Datadog in a research report on Thursday, August 14th. Finally, BTIG Research set a $136.00 target price on Datadog and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 127,105 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $119.96, for a total value of $15,247,515.80. Following the transaction, the chief technology officer directly owned 452,769 shares of the company's stock, valued at $54,314,169.24. This trade represents a 21.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,613,650 shares of company stock valued at $206,313,892 over the last three months. 8.70% of the stock is owned by company insiders.

Datadog 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.