Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Datadog, Inc. by 30.4% during Q2, owning 24,062 shares valued at approximately $3.23 million.
• Multiple analysts have shown confidence in Datadog, with Citigroup raising its price target from $165 to $170 and an average rating of "Moderate Buy" across 24 analysts.
• Insider trading activity revealed significant share sales by directors, with over 1.47 million shares sold in the last 90 days valued at nearly $200.3 million.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 30.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,062 shares of the company's stock after buying an additional 5,609 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Datadog were worth $3,232,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after acquiring an additional 22,646 shares during the period. Cornerstone Planning Group LLC lifted its holdings in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC bought a new stake in Datadog during the first quarter worth $30,000. Opal Wealth Advisors LLC bought a new stake in Datadog during the first quarter worth $37,000. Finally, Center for Financial Planning Inc. lifted its holdings in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock worth $37,000 after acquiring an additional 345 shares during the period. Hedge funds and other institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DDOG shares. Citigroup lifted their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Scotiabank reiterated an "outperform" rating on shares of Datadog in a report on Friday, August 8th. DA Davidson lifted their price target on Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Needham & Company LLC restated a "buy" rating and issued a $175.00 target price on shares of Datadog in a research note on Thursday, August 14th. Finally, Morgan Stanley boosted their target price on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Twenty-four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $159.54.

Datadog Stock Performance

Shares of DDOG opened at $160.88 on Wednesday. The firm has a market cap of $56.11 billion, a PE ratio of 459.67, a PEG ratio of 64.24 and a beta of 1.21. The stock's fifty day moving average price is $139.12 and its two-hundred day moving average price is $126.17. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 1 year low of $81.63 and a 1 year 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 (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $791.72 million. During the same period in the previous year, the company posted $0.43 EPS. The firm's revenue for the quarter 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. On average, equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 45,444 shares of the business's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the sale, the director directly owned 1,640 shares in the company, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the business's stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the sale, the director owned 12,496 shares in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,474,983 shares of company stock valued at $200,279,885. 8.70% of the stock is owned by company insiders.

About Datadog

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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