6,544 Shares in Datadog, Inc. $DDOG Purchased by Brighton Jones LLC

Brighton Jones LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,544 shares of the company’s stock, valued at approximately $879,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Linden Thomas Advisory Services LLC increased its position in Datadog by 2.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 12,902 shares of the company’s stock worth $1,733,000 after purchasing an additional 353 shares in the last quarter. Kornitzer Capital Management Inc. KS purchased a new stake in Datadog in the 2nd quarter valued at about $6,045,000. Focus Partners Advisor Solutions LLC grew its holdings in Datadog by 149.8% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 8,706 shares of the company’s stock valued at $1,169,000 after buying an additional 5,221 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Datadog by 0.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 94,600 shares of the company’s stock valued at $12,708,000 after buying an additional 498 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Datadog by 1.1% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 882,551 shares of the company’s stock valued at $118,553,000 after buying an additional 9,296 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the sale, the director owned 1,640 shares in the company, valued at $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the sale, the director owned 364,449 shares in the company, valued at $59,252,118.42. This represents a 2.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,491,232 shares of company stock valued at $202,944,249. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DDOG has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. BTIG Research lifted their price target on Datadog from $169.00 to $184.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. DA Davidson lifted their price target on Datadog from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Capital One Financial lifted their price target on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Finally, Barclays set a $170.00 price objective on Datadog and gave the company an “overweight” rating in a research note on Thursday, August 7th. Twenty-six 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 company’s stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $163.97.

Datadog Stock Performance

NASDAQ DDOG opened at $157.27 on Wednesday. The business’s 50-day simple moving average is $144.28 and its 200-day simple moving average is $130.71. The firm has a market capitalization of $54.85 billion, a P/E ratio of 449.36, a P/E/G ratio of 61.67 and a beta of 1.21. 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 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.