Cullen Frost Bankers Inc. Grows Position in Datadog, Inc. $DDOG

Cullen Frost Bankers Inc. boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,206 shares of the company’s stock after buying an additional 1,635 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Datadog were worth $9,699,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after purchasing an additional 154 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of Datadog during the 1st quarter valued at $30,000. Alpine Bank Wealth Management purchased a new stake in shares of Datadog during the 1st quarter valued at $39,000. Finally, Interchange Capital Partners LLC purchased a new stake in shares of Datadog during the 2nd quarter valued at $42,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DDOG shares. Scotiabank reaffirmed an “outperform” rating on shares of Datadog in a research report on Friday, August 8th. Guggenheim reaffirmed a “sell” rating and set a $105.00 target price on shares of Datadog in a research report on Tuesday, July 8th. Sanford C. Bernstein raised their target price on Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Mizuho increased 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. Finally, Barclays set a $170.00 price target on Datadog and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Twenty-six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.97.

Datadog Stock Down 1.3%

DDOG stock opened at $154.21 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The company has a market capitalization of $53.78 billion, a price-to-earnings ratio of 440.61, a PEG ratio of 61.13 and a beta of 1.21. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock has a fifty day moving average of $141.92 and a 200-day moving average of $128.37.

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

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the transaction, the director owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,491,232 shares of company stock worth $202,904,731 over the last quarter. Insiders own 8.70% of the company’s stock.

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.