Strs Ohio Invests $991,000 in Datadog, Inc. $DDOG

Strs Ohio acquired a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,374 shares of the company’s stock, valued at approximately $991,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in 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 buying an additional 1,058,803 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of 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 acquiring an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Datadog by 259.7% in the 1st 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. Price T Rowe Associates Inc. MD boosted its stake in Datadog by 23.1% in the 1st 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Datadog by 4.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,656,379 shares of the company’s stock worth $461,959,000 after purchasing an additional 180,100 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 62,682 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the sale, the chief executive officer owned 533,358 shares in the company, valued at approximately $87,417,376.20. This trade represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The shares were 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 directly owned 1,640 shares of the company’s stock, valued at $246,131.20. The trade was a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,510,236 shares of company stock worth $207,339,763. 8.70% of the stock is currently owned by insiders.

Datadog Price Performance

Shares of DDOG opened at $190.82 on Friday. The business’s 50-day moving average is $148.78 and its two-hundred day moving average is $133.91. The company has a market capitalization of $66.55 billion, a P/E ratio of 545.22, a P/E/G ratio of 60.64 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $194.87. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43.

Datadog (NASDAQ:DDOG) last issued its 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. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup raised their price target on shares of Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Rosenblatt Securities set a $200.00 target price on Datadog in a research report on Thursday. DA Davidson boosted their price target on Datadog from $170.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. UBS Group increased their price objective on Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Morgan Stanley raised their price objective on Datadog from $115.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Twenty-seven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $174.25.

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.