Datadog, Inc. $DDOG Stock Holdings Raised by Sit Investment Associates Inc.

Key Points

• Sit Investment Associates Inc. increased its holdings in Datadog, Inc. by 26.8%, acquiring an additional 7,185 shares in the first quarter, bringing their total to 34,010 shares.
• CEO Olivier Pomel and CTO Alexis Le-Quoc significantly reduced their ownership after selling over 234,000 shares combined in June.
• Several research firms have upgraded their ratings on Datadog, with Canaccord Genuity targeting a price increase from $145 to $160.

Sit Investment Associates Inc. grew its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 26.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,010 shares of the company's stock after purchasing an additional 7,185 shares during the quarter. Sit Investment Associates Inc.'s holdings in Datadog were worth $3,374,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DDOG. Putney Financial Group LLC acquired a new position in Datadog in the fourth quarter worth about $32,000. Elequin Capital LP acquired a new position in Datadog during the 4th quarter valued at about $34,000. Coppell Advisory Solutions LLC raised its position in shares of Datadog by 178.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 276 shares of the company's stock valued at $40,000 after acquiring an additional 177 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter worth about $30,000. Finally, Cornerstone Planning Group LLC grew its holdings in shares of 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 buying an additional 154 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 548,715 shares of the company's stock, valued at $71,541,461.70. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,924 shares of the business's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $140.80, for a total value of $1,115,699.20. Following 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. Over the last ninety days, insiders have sold 846,051 shares of company stock valued at $107,936,283. 8.70% of the stock is currently owned by insiders.

Datadog Stock Performance

Shares of DDOG traded up $0.2880 during mid-day trading on Thursday, reaching $128.7480. 862,611 shares of the company's stock were exchanged, compared to its average volume of 5,881,257. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The business's fifty day simple moving average is $136.48 and its 200-day simple moving average is $120.05. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market capitalization of $44.90 billion, a PE ratio of 367.41, a price-to-earnings-growth ratio of 53.20 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly 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. The business had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business's revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business posted $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. On average, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on DDOG. DA Davidson set a $160.00 target price on Datadog and gave the stock a "buy" rating in a report on Tuesday, August 5th. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Bank of America lifted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday, July 7th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company lowered their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research report on Wednesday, May 7th. Twenty-four 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.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $153.10.

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.