Woodline Partners LP Makes New $5.92 Million Investment in Datadog, Inc. $DDOG

Key Points

• Woodline Partners LP invested approximately $5.92 million in Datadog, purchasing 59,712 shares of the company.
• Analysts have set a consensus price target for Datadog at $153.10, with 24 ratings for "Buy," five for "Hold," and one for "Sell."
• Insiders sold over 1.4 million shares of Datadog stock in the past 90 days, indicating significant movement among key executives.

Woodline Partners LP purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm purchased 59,712 shares of the company's stock, valued at approximately $5,924,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Putney Financial Group LLC bought a new position in Datadog in the fourth quarter worth about $32,000. Elequin Capital LP acquired a new stake in Datadog in the fourth quarter valued at approximately $34,000. Costello Asset Management INC purchased a new position in Datadog in the first quarter worth $30,000. Cornerstone Planning Group LLC increased its position in shares of 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 purchasing an additional 154 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new stake in shares of Datadog during the 4th quarter valued at $48,000. Institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Mizuho boosted their target price on Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Jefferies Financial Group increased their price objective on shares of Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 4th. Needham & Company LLC reissued a "buy" rating and set a $175.00 target price on shares of Datadog in a research report on Thursday, August 14th. Guggenheim reiterated a "sell" rating and set a $105.00 price objective on shares of Datadog in a research note on Tuesday, July 8th. Finally, UBS Group set a $165.00 price objective on shares of Datadog and gave the company a "buy" rating in a report on Thursday, August 7th. Twenty-four investment 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares of the company's stock, valued at $58,735,979.55. This represents a 11.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 100,754 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the sale, the chief executive officer directly owned 548,715 shares of the company's stock, valued at $72,364,534.20. This represents a 15.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,406,371 shares of company stock worth $184,294,753. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Performance

NASDAQ DDOG opened at $136.50 on Friday. 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 quick ratio of 3.43 and a current ratio of 3.43. The firm has a market capitalization of $47.60 billion, a P/E ratio of 390.01, a PEG ratio of 54.79 and a beta of 1.10. The stock has a 50-day simple moving average of $137.36 and a two-hundred day simple moving average of $119.98.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating 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 company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. During the same period last year, the business earned $0.43 earnings per share. Datadog's quarterly revenue was up 28.1% on a year-over-year basis. 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 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.

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