West Tower Group LLC Purchases Shares of 2,500 Datadog, Inc. $DDOG

Key Points

• West Tower Group LLC acquired 2,500 shares of Datadog, Inc. (NASDAQ: DDOG) valued at approximately $336,000 during the 2nd quarter.
• Institutional ownership of Datadog is strong, with 78.29% of the stock held by institutional investors, including major increases in stakes by firms like Goldman Sachs and Baillie Gifford.
• Analysts maintain a consensus rating of "Moderate Buy" for Datadog, with an average price target of $162.37, indicating strong expected growth for the company's stock.

West Tower Group LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,500 shares of the company's stock, valued at approximately $336,000.

Several other institutional investors also recently modified their holdings of DDOG. Goldman Sachs Group Inc. increased its stake in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Brown Advisory Inc. increased its stake in shares of Datadog by 76.5% during the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after purchasing an additional 2,103,838 shares during the last quarter. Baillie Gifford & Co. increased its stake in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Datadog during the 2nd quarter worth about $177,050,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after purchasing an additional 1,261,065 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DDOG. UBS Group boosted their price objective on shares of Datadog from $165.00 to $189.00 and gave the stock a "buy" rating in a research note on Thursday, October 9th. Mizuho boosted their price objective on shares of Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday. Capital One Financial boosted their price objective on shares of Datadog from $149.00 to $179.00 in a research note on Thursday. Jefferies Financial Group boosted their price objective on shares of Datadog from $160.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Finally, Citigroup lifted their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. Twenty-six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average price target of $162.37.

Datadog Stock Performance

Shares of DDOG stock opened at $152.87 on Monday. The company has a market capitalization of $53.31 billion, a price-to-earnings ratio of 436.78, a PEG ratio of 59.81 and a beta of 1.21. 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 50-day simple moving average of $140.31 and a 200 day simple moving average of $127.52. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer owned 533,358 shares of the company's stock, valued at $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,491,232 shares of company stock worth $202,904,731. 8.70% of the stock is owned by company insiders.

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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