Datadog, Inc. $DDOG Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,023 shares of the company’s stock after purchasing an additional 965 shares during the quarter. DAVENPORT & Co LLC’s holdings in Datadog were worth $943,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in shares of Datadog during the first quarter worth about $30,000. Cornerstone Planning Group LLC boosted its holdings 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 in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Datadog in the 1st quarter valued at approximately $37,000. Center for Financial Planning Inc. lifted its holdings in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after buying an additional 345 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Datadog in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 41,468 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at $66,245,301.90. This represents a 8.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,565,843 shares of company stock worth $212,946,080 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DDOG shares. Guggenheim reiterated a “sell” rating and issued a $105.00 price objective on shares of Datadog in a research report on Tuesday, July 8th. Bank of America upped their price target on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Citigroup boosted their price objective on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Sanford C. Bernstein boosted their price objective on shares of Datadog from $147.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their price target 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. Twenty-four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.46.

Datadog Price Performance

NASDAQ:DDOG opened at $158.74 on Friday. The company’s 50-day moving average is $138.06 and its two-hundred day moving average is $125.22. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $55.36 billion, a price-to-earnings ratio of 453.56, a price-to-earnings-growth ratio of 64.19 and a beta of 1.21. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. Research analysts expect 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.