16,262 Shares in Datadog, Inc. $DDOG Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. bought a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 16,262 shares of the company’s stock, valued at approximately $2,316,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DDOG. Vanguard Group Inc. grew its holdings in shares of Datadog by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after acquiring an additional 740,457 shares during the period. Brown Advisory Inc. grew its holdings in Datadog by 23.3% in the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after purchasing an additional 1,130,675 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Datadog by 4.3% in the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after buying an additional 242,273 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Datadog by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock worth $610,835,000 after buying an additional 40,276 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Datadog in the 2nd quarter worth about $347,728,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Down 0.9%

DDOG stock opened at $130.13 on Friday. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.71 and a beta of 1.26. The business has a fifty day simple moving average of $143.06 and a 200-day simple moving average of $145.54. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the previous year, the business earned $0.46 EPS. The company’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 and its Q4 2025 guidance at 0.54-0.56 EPS. On average, equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total value of $80,699,477.60. Following the sale, the director directly owned 12,859 shares in the company, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,071,709 shares of company stock valued at $192,590,597. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on DDOG. Cantor Fitzgerald raised their target price on shares of Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Bank of America raised their price objective on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. TD Cowen restated a “buy” rating on shares of Datadog in a research report on Wednesday. Truist Financial lowered their target price on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a report on Wednesday, January 7th. Finally, Citigroup dropped their price target on Datadog from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Thirty-four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and a consensus price target of $192.95.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.