Vident Advisory LLC Has $8.93 Million Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Vident Advisory LLC increased its holdings in Datadog, Inc. by 87.6% during the first quarter, owning 90,014 shares valued at approximately $8.93 million.
• Insider transactions revealed that Datadog's CEO, Olivier Pomel, sold over 107,000 shares, while Director Matthew Jacobson sold 575,863 shares in significant reductions of their positions.
• Analysts have set a consensus price target of $153.10 for Datadog, with several firms including UBS and Citigroup giving the stock a "buy" rating and target prices as high as $185.00.

Vident Advisory LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 87.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,014 shares of the company's stock after purchasing an additional 42,031 shares during the period. Vident Advisory LLC's holdings in Datadog were worth $8,930,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Datadog during the first quarter valued at $30,000. Putney Financial Group LLC bought a new position in shares of Datadog during the fourth quarter valued at $32,000. Finally, Elequin Capital LP bought a new position in shares of Datadog during the fourth quarter valued at $34,000. Institutional investors own 78.29% of the company's stock.

Datadog Trading Down 1.6%

Shares of DDOG traded down $2.09 during trading hours on Wednesday, hitting $132.60. 3,709,816 shares of the stock were exchanged, compared to its average volume of 5,847,750. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. 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 has a 50-day moving average of $137.64 and a 200-day moving average of $119.27. The firm has a market capitalization of $46.24 billion, a P/E ratio of 378.87, a price-to-earnings-growth ratio of 56.37 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share 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 company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. During the same period in the prior year, the company posted $0.43 earnings per share. Datadog'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, research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 price target on shares of Datadog in a research note on Thursday, August 14th. Wolfe Research raised shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research note on Thursday, June 12th. Macquarie dropped their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.10.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of the firm's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $130.38, for a total value of $4,292,500.74. Following the completion of the sale, the chief executive officer directly owned 548,715 shares in the company, valued at approximately $71,541,461.70. This trade represents a 5.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total transaction of $5,576,201.96. Following the completion of the sale, the chief technology officer owned 452,769 shares of the company's stock, valued at $60,883,847.43. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,352,209 shares of company stock valued at $175,255,312. 8.70% of the stock is currently owned by corporate 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.