TD Private Client Wealth LLC Boosts Stock Position in Datadog, Inc. $DDOG

TD Private Client Wealth LLC raised its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 42.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,458 shares of the company's stock after purchasing an additional 2,798 shares during the quarter. TD Private Client Wealth LLC's holdings in Datadog were worth $1,270,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Datadog by 3.5% during 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 period. Baillie Gifford & Co. raised its position in 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 buying an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. raised 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 buying an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Datadog by 23.1% in 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 acquiring an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. boosted 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 valued at $481,467,000 after acquiring an additional 2,103,838 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $136.60 on Friday. The firm has a market capitalization of $47.64 billion, a price-to-earnings ratio of 390.30, a price-to-earnings-growth ratio of 54.07 and a beta of 1.10. 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 business's 50 day simple moving average is $136.44 and its 200-day simple moving average is $121.52. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate 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 period last year, the business posted $0.43 EPS. 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 analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. This trade represents a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of Datadog stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer owned 438,885 shares of the company's stock, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,337,175 shares of company stock valued at $176,025,977 in the last 90 days. 8.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on DDOG shares. Barclays set a $170.00 price target on shares of Datadog and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Thursday, June 12th. Morgan Stanley raised their price target on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, Cantor Fitzgerald upped their price objective on Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Datadog currently 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.

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