Datadog, Inc. $DDOG Shares Purchased by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 2,298.1% during the second quarter, Holdings Channel reports. The fund owned 1,271 shares of the company’s stock after buying an additional 1,218 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Datadog were worth $171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Motley Fool Asset Management LLC increased its stake in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after acquiring an additional 22,818 shares during the period. LBP AM SA boosted its holdings in Datadog by 40.2% during the first quarter. LBP AM SA now owns 419,805 shares of the company’s stock worth $41,649,000 after buying an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Datadog by 24.7% during the first 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Datadog by 178.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after buying an additional 58,369 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new stake in Datadog during the first quarter worth $15,526,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

DDOG opened at $164.12 on Thursday. The firm’s fifty day simple moving average is $137.11 and its two-hundred day simple moving average is $124.51. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $57.24 billion, a price-to-earnings ratio of 468.93, a PEG ratio of 60.46 and a beta of 1.21. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results 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. The firm had revenue of $826.76 million for 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%. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DDOG. DA Davidson increased their price target on shares of Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. UBS Group set a $165.00 price target on shares of Datadog and gave the stock a “buy” rating in a report on Thursday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of Datadog in a report on Thursday, August 14th. Stifel Nicolaus increased their price objective on shares of Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a report on Thursday, June 26th. Finally, Sanford C. Bernstein increased their price objective on shares of Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Twenty-four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.61.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction dated 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 transaction, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael James Callahan sold 91,667 shares of the firm’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares in the company, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,443,361 shares of company stock valued at $193,083,012. Corporate insiders own 8.70% of the company’s stock.

Datadog 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.