UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Stock Position in Datadog, Inc. $DDOG

Key Points

• UBS Asset Management increased its stake in Datadog, Inc. by 48.3%, owning approximately 2.83 million shares worth about $281.37 million.
• Datadog reported a strong quarterly performance with an EPS of $0.46, surpassing estimates, and noted 28.1% revenue growth year-over-year.
• Analysts have a positive outlook on Datadog, with the majority rating it as a "Buy" and setting target prices ranging from $145 to $170.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 48.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,836,118 shares of the company's stock after buying an additional 923,905 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.82% of Datadog worth $281,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DDOG. Wealth Enhancement Advisory Services LLC increased its position in shares of Datadog by 32.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after acquiring an additional 3,760 shares during the period. Motley Fool Asset Management LLC increased its holdings in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after purchasing an additional 22,818 shares during the period. LBP AM SA increased its holdings in shares of Datadog by 40.2% in the first quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after purchasing an additional 120,343 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. acquired a new stake in shares of Datadog during the fourth quarter worth about $314,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

Shares of NASDAQ:DDOG traded down $2.65 during trading on Friday, reaching $136.50. 3,032,652 shares of the company's stock traded hands, compared to its average volume of 4,190,323. 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, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The company has a 50-day simple moving average of $137.36 and a 200-day simple moving average of $119.98. The firm has a market cap of $47.60 billion, a PE ratio of 390.01, a P/E/G ratio of 54.79 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $791.72 million. During the same quarter in the prior year, the firm posted $0.43 EPS. Datadog's quarterly 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. As a group, analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 5,142 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $688,256.70. Following the completion of the transaction, the general counsel directly owned 97,377 shares in the company, valued at approximately $13,033,911.45. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Adam Blitzer sold 7,950 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total value of $1,050,433.50. Following the transaction, 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. Insiders have sold 1,406,371 shares of company stock worth $184,294,753 in the last 90 days. 8.70% of the stock is owned by insiders.

Analyst Ratings Changes

DDOG has been the topic of several research reports. Wedbush reiterated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a report on Wednesday, June 11th. Canaccord Genuity Group upped their price objective on shares of Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. UBS Group set a $165.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Bank of America boosted their target price on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Morgan Stanley increased their price target on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned 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 a consensus 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.