Vestmark Advisory Solutions Inc. Boosts Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Vestmark Advisory Solutions Inc. has increased its holdings in Datadog, Inc. by 110.9% to own a total of 12,614 shares, valued at approximately $1,251,000.
• Datadog reported $826.76 million in revenue for the last quarter, exceeding expectations and marking a 28.1% year-over-year increase.
• Insider transactions show significant activity, with a director selling 2,210 shares and a CTO selling 41,468 shares recently, contributing to a total of 846,051 shares sold worth over $107 million in the last quarter.

Vestmark Advisory Solutions Inc. grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 110.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,614 shares of the company's stock after acquiring an additional 6,632 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Datadog were worth $1,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DDOG. Sit Investment Associates Inc. raised its stake in shares of Datadog by 26.8% during the 1st quarter. Sit Investment Associates Inc. now owns 34,010 shares of the company's stock worth $3,374,000 after purchasing an additional 7,185 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Datadog by 5.8% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 9,460 shares of the company's stock worth $939,000 after purchasing an additional 522 shares during the last quarter. National Pension Service boosted its position in shares of Datadog by 11.5% in the first quarter. National Pension Service now owns 460,312 shares of the company's stock valued at $45,668,000 after acquiring an additional 47,334 shares during the period. FengHe Fund Management Pte. Ltd. bought a new stake in Datadog in the 1st quarter valued at about $2,450,000. Finally, Russell Investments Group Ltd. grew its position in Datadog by 188.1% during the first quarter. Russell Investments Group Ltd. now owns 597,592 shares of the company's stock worth $59,322,000 after buying an additional 390,199 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 107,365 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the sale, the chief executive officer owned 548,715 shares in the company, valued at $66,784,102.65. This represents a 16.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amit Agarwal sold 25,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the transaction, the director directly owned 76,052 shares in the company, valued at $8,899,605.04. The trade was a 24.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 846,051 shares of company stock valued at $107,936,283 in the last 90 days. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

DDOG has been the subject of several analyst reports. Rosenblatt Securities dropped their target price on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Wolfe Research upgraded shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Thursday, June 12th. BTIG Research set a $136.00 price target on Datadog and gave the company a "buy" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reissued an "outperform" rating and issued a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Finally, Bank of America lifted their price objective on Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research note on Monday, July 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Stock Up 0.6%

Shares of Datadog stock traded up $0.7320 during trading hours on Thursday, reaching $129.1920. The company's stock had a trading volume of 1,891,641 shares, compared to its average volume of 5,887,028. The company has a market capitalization of $45.05 billion, a P/E ratio of 368.74, a P/E/G ratio of 53.20 and a beta of 1.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The stock's fifty day simple moving average is $136.48 and its two-hundred day simple moving average is $120.05.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period in the prior year, the business posted $0.43 earnings per share. The company'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. On average, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Datadog Company 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.