Trexquant Investment LP Buys 279,907 Shares of Datadog, Inc. $DDOG

Trexquant Investment LP boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 444.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,908 shares of the company’s stock after acquiring an additional 279,907 shares during the quarter. Datadog accounts for 0.4% of Trexquant Investment LP’s portfolio, making the stock its 26th largest position. Trexquant Investment LP’s holdings in Datadog were worth $34,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Putney Financial Group LLC bought a new stake in Datadog in the 4th quarter valued at $32,000. Elequin Capital LP acquired a new stake in Datadog in the 4th quarter valued at $34,000. Costello Asset Management INC acquired a new stake in Datadog in the 1st quarter valued at $30,000. Cornerstone Planning Group LLC increased its stake 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 buying an additional 154 shares during the last quarter. Finally, Itau Unibanco Holding S.A. increased its stake in Datadog by 417.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 321 shares of the company’s stock valued at $46,000 after buying an additional 259 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of several recent research reports. Guggenheim reiterated a “sell” rating and issued a $105.00 price target on shares of Datadog in a research note on Tuesday, July 8th. DA Davidson set a $160.00 price target on shares of Datadog and gave the company a “buy” rating in a research note on Tuesday, August 5th. Bank of America lifted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Canaccord Genuity Group lifted their price target on shares of Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Datadog from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $153.10.

Datadog Stock Up 4.3%

Shares of DDOG opened at $131.73 on Thursday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market cap of $45.94 billion, a P/E ratio of 376.38, a price-to-earnings-growth ratio of 52.09 and a beta of 1.02. The firm’s 50-day simple moving average is $137.02 and its 200 day simple moving average is $119.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the prior year, the business earned $0.43 EPS. Datadog’s quarterly revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 127,105 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $119.96, for a total transaction of $15,247,515.80. Following the completion of the sale, the chief technology officer owned 452,769 shares of the company’s stock, valued at approximately $54,314,169.24. This represents a 21.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 59,965 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $128.60, for a total transaction of $7,711,499.00. Following the sale, the director directly owned 452,640 shares of the company’s stock, valued at approximately $58,209,504. This trade represents a 11.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 930,139 shares of company stock worth $119,207,009. 8.70% of the stock is currently owned by company insiders.

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.