Allspring Global Investments Holdings LLC Boosts Position in Datadog, Inc. $DDOG

Allspring Global Investments Holdings LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 88.8% in the second quarter, HoldingsChannel.com reports. The firm owned 61,075 shares of the company’s stock after buying an additional 28,729 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Datadog were worth $8,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in shares of Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new stake in Datadog during the 4th quarter worth $228,000. Wealth Enhancement Advisory Services LLC lifted its position in Datadog by 12.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,422 shares of the company’s stock valued at $1,728,000 after acquiring an additional 1,916 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Datadog by 32.4% in the first quarter. Janney Montgomery Scott LLC now owns 8,226 shares of the company’s stock valued at $816,000 after acquiring an additional 2,012 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Datadog by 316.8% in the first quarter. State of Alaska Department of Revenue now owns 7,236 shares of the company’s stock valued at $717,000 after acquiring an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the sale, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $66,245,301.90. The trade was a 8.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 63,939 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This trade represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,491,232 shares of company stock valued at $202,904,731. Corporate insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DDOG. Cantor Fitzgerald lifted their target price on Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. DA Davidson raised their price target on Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Barclays set a $170.00 price target on Datadog and gave the stock an “overweight” rating in a research report on Thursday, August 7th. UBS Group increased their price objective on Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Canaccord Genuity Group lifted their target price on shares of Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 8th. Twenty-six analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $162.37.

Datadog Trading Up 1.1%

Shares of DDOG stock opened at $152.87 on Monday. The company has a market capitalization of $53.31 billion, a P/E ratio of 436.78, a price-to-earnings-growth ratio of 59.81 and a beta of 1.21. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $140.31 and its two-hundred day moving average is $127.52. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

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

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.