iA Global Asset Management Inc. Grows Stock Holdings in Datadog, Inc. $DDOG

iA Global Asset Management Inc. increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,390 shares of the company’s stock after buying an additional 467 shares during the quarter. iA Global Asset Management Inc.’s holdings in Datadog were worth $4,754,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Datadog in the 4th quarter valued at approximately $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog in the 4th quarter valued at approximately $228,000. Amalgamated Bank boosted its stake in shares of Datadog by 5.6% in the first quarter. Amalgamated Bank now owns 21,346 shares of the company’s stock valued at $2,118,000 after buying an additional 1,123 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in shares of Datadog by 56.6% in the first quarter. DAVENPORT & Co LLC now owns 6,058 shares of the company’s stock valued at $601,000 after buying an additional 2,190 shares in the last quarter. Finally, Keybank National Association OH boosted its stake in shares of Datadog by 36.6% in the first quarter. Keybank National Association OH now owns 13,323 shares of the company’s stock valued at $1,322,000 after buying an additional 3,567 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $162.81 on Monday. The business’s 50 day simple moving average is $146.02 and its 200-day simple moving average is $132.39. The firm has a market capitalization of $56.78 billion, a price-to-earnings ratio of 465.18, a price-to-earnings-growth ratio of 63.70 and a beta of 1.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly 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 for the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. As a group, equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Matthew Jacobson sold 575,863 shares of Datadog stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the transaction, the director directly owned 219,831 shares in the company, valued at $27,909,743.76. The trade was a 72.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of Datadog stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the transaction, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,491,232 shares of company stock worth $202,944,249. 8.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price target on Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Capital One Financial lifted their price target on Datadog from $149.00 to $179.00 in a research note on Thursday, October 16th. Citigroup lifted their price target on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Sanford C. Bernstein lifted their price target on Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company started coverage on Datadog in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 price target on the stock. Twenty-six 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 an average rating of “Moderate Buy” and a consensus price target of $165.13.

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.