Ameritas Advisory Services LLC Purchases New Shares in Datadog, Inc. $DDOG

Ameritas Advisory Services LLC purchased a new stake in Datadog, Inc. (NASDAQ:DDOG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 412 shares of the company’s stock, valued at approximately $55,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company’s stock valued at $3,116,487,000 after acquiring an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. lifted its position in Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. lifted its position in Datadog by 259.7% during the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after purchasing an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after purchasing an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. lifted its position in Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock worth $481,467,000 after purchasing an additional 2,103,838 shares during the period. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DDOG has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price objective on shares of Datadog in a research report on Thursday, August 14th. Bank of America upped their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Jefferies Financial Group upped their price objective on shares of Datadog from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, August 4th. UBS Group upped their price objective on shares of Datadog from $165.00 to $189.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, DA Davidson increased their target price on shares of Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Twenty-four analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

Insiders Place Their Bets

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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. This trade represents a 11.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the firm’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer 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 position. The disclosure for this sale can be found here. Insiders have sold 1,482,907 shares of company stock worth $201,395,584 over the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Datadog Stock Down 3.2%

DDOG stock opened at $158.74 on Monday. The stock has a market capitalization of $55.36 billion, a P/E ratio of 453.56, a price-to-earnings-growth ratio of 62.11 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. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm has a 50-day moving average price of $138.06 and a 200-day moving average price of $125.48.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS 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.