Envestnet Asset Management Inc. Grows Position in Datadog, Inc. $DDOG

Envestnet Asset Management Inc. lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 820,291 shares of the company’s stock after purchasing an additional 32,947 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Datadog were worth $110,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DDOG. Costello Asset Management INC bought a new position in shares of Datadog in the 1st quarter worth $30,000. Cornerstone Planning Group LLC increased its stake in Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares during the last quarter. Interchange Capital Partners LLC purchased a new stake in Datadog during the second quarter valued at about $42,000. Ameritas Advisory Services LLC bought a new stake in Datadog during the second quarter worth about $55,000. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Datadog by 13.8% in the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after purchasing an additional 73 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DDOG. Canaccord Genuity Group boosted their target price on Datadog from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $175.00 price objective on shares of Datadog in a report on Thursday, August 14th. Morgan Stanley upped their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Scotiabank reiterated an “outperform” rating on shares of Datadog in a research report on Friday, August 8th. Finally, Oppenheimer upped their price target on shares of Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Twenty-six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $163.97.

Datadog Stock Down 0.2%

Shares of Datadog stock opened at $157.27 on Wednesday. The company’s fifty day simple moving average is $144.28 and its two-hundred day simple moving average is $130.71. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a market cap of $54.85 billion, a P/E ratio of 449.36, a PEG ratio of 61.67 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million for the quarter, compared to analysts’ expectations of $791.72 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. 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. Research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Datadog 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 transaction of $6,820,235.52. Following the completion of the transaction, the director owned 1,640 shares of the company’s stock, 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 filing with the SEC, which can be accessed through this link. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the sale, the director directly owned 12,496 shares in the company, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,491,232 shares of company stock worth $202,944,249 over the last quarter. Company 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.