Datadog, Inc. $DDOG Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 179,212 shares of the company’s stock after acquiring an additional 18,120 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Datadog were worth $24,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new stake in Datadog during the 1st quarter worth approximately $30,000. Cornerstone Planning Group LLC lifted its holdings in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after buying an additional 154 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Datadog in the 1st quarter valued at approximately $37,000. Center for Financial Planning Inc. lifted its holdings in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after buying an additional 345 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of Datadog in the 1st quarter valued at approximately $39,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Performance

NASDAQ DDOG opened at $151.82 on Friday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a market capitalization of $52.95 billion, a P/E ratio of 433.78, a PEG ratio of 59.30 and a beta of 1.21. The business has a 50 day moving average price of $136.59 and a 200 day moving average price of $123.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the business 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 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Guggenheim reissued a “sell” rating and issued a $105.00 price target on shares of Datadog in a report on Tuesday, July 8th. DA Davidson raised their price target on Datadog from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Needham & Company LLC reissued a “buy” rating and issued a $175.00 price target on shares of Datadog in a report on Thursday, August 14th. Mizuho raised their price target on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, 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. Twenty-five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $156.69.

Insiders Place Their Bets

In other Datadog news, 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 transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 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. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,384,618 shares of company stock valued at $183,444,843. Corporate insiders own 8.70% of the company’s stock.

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.