DekaBank Deutsche Girozentrale Grows Position in Datadog, Inc. $DDOG

DekaBank Deutsche Girozentrale lifted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 21.2% in the second quarter, Holdings Channel reports. The firm owned 454,510 shares of the company’s stock after purchasing an additional 79,465 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Datadog were worth $60,269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sentry Investment Management LLC purchased a new position in Datadog in the second quarter valued at approximately $160,000. West Tower Group LLC acquired a new stake in shares of Datadog in the second quarter worth $336,000. Chicago Partners Investment Group LLC raised its stake in shares of Datadog by 50.8% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,952 shares of the company’s stock valued at $425,000 after acquiring an additional 995 shares during the period. Mutual of America Capital Management LLC acquired a new position in shares of Datadog during the 2nd quarter valued at $643,000. Finally, Arnhold LLC boosted its position in Datadog by 16.5% during the 2nd quarter. Arnhold LLC now owns 5,630 shares of the company’s stock worth $756,000 after purchasing an additional 797 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 55,352 shares of the company’s stock in a transaction dated 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 sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 575,863 shares of Datadog 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 of the company’s stock, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,491,232 shares of company stock worth $202,904,731 over the last ninety days. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the topic of several research reports. Sanford C. Bernstein raised their price objective on Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Scotiabank reiterated an “outperform” rating on shares of Datadog in a report on Friday, August 8th. Citigroup boosted their price target on Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, August 18th. Morgan Stanley increased their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Cantor Fitzgerald lifted their price objective on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Twenty-six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.37.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $156.25 on Wednesday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The business has a 50 day moving average price of $141.41 and a two-hundred day moving average price of $128.20. The firm has a market cap of $54.49 billion, a PE ratio of 446.44, a price-to-earnings-growth ratio of 61.15 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last announced its earnings results 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 company had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.During the same period in the prior year, the company posted $0.43 EPS. Datadog’s quarterly 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. Sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog 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.