Wealth Enhancement Advisory Services LLC Boosts Stake in Datadog, Inc. $DDOG

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Datadog, Inc. by 99.6% during Q2, bringing its total holdings to 34,771 shares valued at approximately $4.67 million.
• Several institutional investors, including Motley Fool Asset Management and BNP PARIBAS ASSET MANAGEMENT, significantly boosted their stakes in Datadog, contributing to institutional ownership of 78.29% of the stock.
• Analysts have a consensus rating of "Moderate Buy" for Datadog, with a target price averaging $153.10, reflecting positive expectations for the company moving forward.

Wealth Enhancement Advisory Services LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 99.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,771 shares of the company's stock after acquiring an additional 17,349 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Datadog were worth $4,671,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DDOG. Motley Fool Asset Management LLC grew its stake in 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 last quarter. LBP AM SA boosted its holdings in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after buying an additional 156,152 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock worth $9,032,000 after acquiring an additional 58,369 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in Datadog during the first quarter valued at approximately $15,526,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of several analyst reports. Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Morgan Stanley boosted their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Stifel Nicolaus upped their target price on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Thursday, June 26th. Sanford C. Bernstein reiterated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Finally, Citigroup boosted their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of the firm's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $137.94, for a total transaction of $1,544,238.30. Following the completion of the transaction, the chief executive officer owned 533,358 shares of the company's stock, valued at $73,571,402.52. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the company's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.78, for a total transaction of $1,090,666.48. Following the completion of the sale, the director directly owned 372,365 shares in the company, valued at approximately $51,304,449.70. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,337,175 shares of company stock valued at $176,025,977. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Up 0.0%

Datadog stock opened at $136.60 on Friday. The business's 50-day simple moving average is $136.44 and its two-hundred day simple moving average is $121.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market cap of $47.64 billion, a PE ratio of 390.30, a PEG ratio of 54.07 and a beta of 1.10. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 EPS 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 firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company's 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. Equities analysts anticipate that Datadog, Inc. will post 0.34 EPS 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.

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