Intrust Bank NA Grows Stake in Datadog, Inc. $DDOG

Intrust Bank NA grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.0% in the second quarter, Holdings Channel reports. The fund owned 3,391 shares of the company’s stock after acquiring an additional 391 shares during the quarter. Intrust Bank NA’s holdings in Datadog were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Datadog in the second quarter worth $177,050,000. Price T Rowe Associates Inc. MD raised its stake in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Datadog in the first quarter valued at $112,593,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the completion of the transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael James Callahan sold 12,500 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $187.47, for a total value of $2,343,375.00. Following the completion of the sale, the director directly owned 12,496 shares in the company, valued at $2,342,625.12. The trade was a 50.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,979,841 shares of company stock worth $303,130,605 over the last ninety days. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DDOG shares. Truist Financial increased their price target on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. The Goldman Sachs Group upped their price objective on shares of Datadog from $165.00 to $225.00 and gave the company a “buy” rating in a report on Friday, November 7th. Jefferies Financial Group increased their target price on shares of Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 target price for the company in a research note on Friday, November 7th. Finally, Rosenblatt Securities upped their price target on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Thirty-one investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Trading Down 2.1%

Shares of Datadog stock opened at $176.46 on Wednesday. The company’s 50-day moving average price is $157.22 and its 200-day moving average price is $139.41. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a market cap of $61.88 billion, a price-to-earnings ratio of 569.23, a PEG ratio of 40.92 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.