Datadog, Inc. $DDOG Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 11.6% in the 2nd quarter, Holdings Channel reports. The fund owned 1,920,317 shares of the company’s stock after purchasing an additional 198,913 shares during the period. Bank of New York Mellon Corp’s holdings in Datadog were worth $257,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC increased its position in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new position in Datadog during the first quarter worth approximately $30,000. Interchange Capital Partners LLC acquired a new position in shares of Datadog in the 2nd quarter valued at $42,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Datadog in the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $157.51 on Wednesday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a market capitalization of $54.93 billion, a price-to-earnings ratio of 450.04, a price-to-earnings-growth ratio of 63.41 and a beta of 1.20. The business has a 50 day simple moving average of $147.32 and a 200 day simple moving average of $133.36.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The firm’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, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on DDOG shares. Rosenblatt Securities restated a “buy” rating and set a $170.00 price objective on shares of Datadog in a report on Friday, October 31st. Mizuho upped their price target on Datadog from $155.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Barclays set a $170.00 price objective on Datadog and gave the stock an “overweight” rating in a report on Thursday, August 7th. Wells Fargo & Company assumed coverage on Datadog in a report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 target price for the company. Finally, CIBC began coverage on shares of Datadog in a report on Monday. They issued a “neutral” rating and a $170.00 price target on the stock. Twenty-six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.10.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the transaction, the chief technology officer owned 438,885 shares in the company, valued at $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the company’s 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 completion of the sale, the director owned 12,496 shares of the company’s stock, valued at $1,969,369.60. This trade represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,449,764 shares of company stock worth $197,368,047 in the last 90 days. 8.70% of the stock is currently owned by corporate insiders.

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.