Resona Asset Management Co. Ltd. Acquires 6,762 Shares of Datadog, Inc. $DDOG

Resona Asset Management Co. Ltd. increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,408 shares of the company’s stock after acquiring an additional 6,762 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Datadog were worth $12,516,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DDOG. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC raised its holdings in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after buying an additional 154 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Datadog during the 1st quarter worth approximately $30,000. Interchange Capital Partners LLC acquired a new stake in Datadog in the 2nd quarter valued at $42,000. Finally, Ameritas Advisory Services LLC bought a new stake in Datadog in the second quarter valued at $55,000. Institutional investors own 78.29% of the company’s stock.

Insider Activity

In other Datadog 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 transaction, the chief technology officer directly owned 438,885 shares in the company, valued at approximately $66,245,301.90. This represents a 8.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 62,682 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $87,417,376.20. This trade represents a 10.52% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,510,236 shares of company stock worth $207,339,763. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of Datadog stock opened at $191.24 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The firm has a 50 day simple moving average of $149.87 and a 200 day simple moving average of $134.62. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $194.87. The firm has a market cap of $66.69 billion, a P/E ratio of 616.90, a P/E/G ratio of 74.66 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period last year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Sell-side analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of analyst reports. Citigroup lifted their price objective on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Cantor Fitzgerald increased their target price on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen lifted their price target on shares of Datadog from $175.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 17th. Wells Fargo & Company boosted their price target on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Mizuho set a $215.00 price objective on shares of Datadog in a report on Friday. Twenty-nine analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.94.

About Datadog

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.