Maryland State Retirement & Pension System Has $2.01 Million Stake in Datadog, Inc. $DDOG

Maryland State Retirement & Pension System increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,994 shares of the company’s stock after buying an additional 1,021 shares during the period. Maryland State Retirement & Pension System’s holdings in Datadog were worth $2,014,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DDOG. Costello Asset Management INC acquired a new stake in Datadog during the 1st quarter valued at $30,000. Cornerstone Planning Group LLC lifted its holdings in 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. Opal Wealth Advisors LLC acquired a new stake in Datadog during the 1st quarter valued at $37,000. Center for Financial Planning Inc. lifted its holdings in Datadog by 1,189.7% during the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after purchasing an additional 345 shares during the last quarter. Finally, Alpine Bank Wealth Management acquired a new stake in Datadog during the 1st quarter valued at $39,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Down 3.2%

DDOG opened at $158.74 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. 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 $55.36 billion, a P/E ratio of 453.56, a P/E/G ratio of 64.19 and a beta of 1.21. The stock has a fifty day moving average of $138.06 and a 200-day moving average of $125.22.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 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 for the quarter, compared to analysts’ expectations of $791.72 million. During the same quarter last year, the business earned $0.43 earnings per share. Datadog’s 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 analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In related news, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the transaction, the director owned 1,640 shares in the company, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction on 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 in the company, valued at $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,565,843 shares of company stock valued at $212,946,080 in the last ninety days. Insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. Guggenheim reaffirmed a “sell” rating and set a $105.00 price target on shares of Datadog in a report on Tuesday, July 8th. BMO Capital Markets raised their price target on Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Wells Fargo & Company started coverage on Datadog in a report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price target for the company. Monness Crespi & Hardt increased their price objective on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a report on Wednesday. Twenty-four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

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.