Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,225 shares of the company's stock after buying an additional 2,637 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Datadog were worth $10,642,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of DDOG. Goldman Sachs Group Inc. lifted its position 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 last quarter. Brown Advisory Inc. increased its stake in Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares during the period. Baillie Gifford & Co. increased its stake in Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after purchasing an additional 1,261,065 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Datadog by 341.0% during the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock worth $155,694,000 after acquiring an additional 1,213,475 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Olivier Pomel sold 32,923 shares of the business's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $135.74, for a total value of $4,468,968.02. Following the completion of the sale, the chief executive officer owned 533,358 shares of the company's stock, valued at approximately $72,398,014.92. The trade was a 5.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Adam Blitzer sold 7,950 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total transaction of $1,050,433.50. Following the completion of the sale, the chief operating officer directly owned 181,728 shares of the company's stock, valued at $24,011,720.64. The trade was a 4.19% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,439,680 shares of company stock worth $189,428,113. 8.70% of the stock is currently owned by insiders.
Datadog Stock Performance
Shares of DDOG stock opened at $136.81 on Friday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a market cap of $47.71 billion, a PE ratio of 390.90, a P/E/G ratio of 53.14 and a beta of 1.10. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company's fifty day simple moving average is $136.67 and its 200-day simple moving average is $120.59.
Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly 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 firm had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the firm 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. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on DDOG. Scotiabank reiterated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Guggenheim reiterated a "sell" rating and issued a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. DA Davidson set a $160.00 price target on shares of Datadog and gave the company a "buy" rating in a research report on Tuesday, August 5th. UBS Group set a $165.00 target price on shares of Datadog and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Wedbush reaffirmed an "outperform" rating and set a $140.00 price target on shares of Datadog in a research note on Wednesday, June 11th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $153.10.
Check Out Our Latest Stock Analysis on DDOG
About Datadog
(
Free Report)
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.
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