Corton Capital Inc. Buys New Stake in Datadog, Inc. $DDOG

Corton Capital Inc. bought a new stake in Datadog, Inc. (NASDAQ:DDOG) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,655 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DDOG. Motley Fool Asset Management LLC boosted its holdings in Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after purchasing an additional 22,818 shares during the period. LBP AM SA boosted its holdings in Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company’s stock valued at $41,649,000 after purchasing an additional 120,343 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after purchasing an additional 156,152 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after purchasing an additional 58,369 shares during the period. Finally, Mizuho Markets Americas LLC bought a new stake in Datadog in the 1st quarter valued at $15,526,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DDOG. Cantor Fitzgerald increased their price target on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Wells Fargo & Company assumed coverage on shares of Datadog in a report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective for the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $170.00 price objective on shares of Datadog in a report on Friday. Bank of America raised their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Finally, Morgan Stanley raised their price objective on shares of Datadog from $115.00 to $165.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Twenty-six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and an average target price of $166.10.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the business’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the transaction, the director directly owned 219,831 shares in the company, valued at $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were 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 in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,449,764 shares of company stock valued at $197,368,047. 8.70% of the stock is owned by company insiders.

Datadog Price Performance

NASDAQ:DDOG opened at $162.08 on Tuesday. The firm has a market cap of $56.52 billion, a PE ratio of 463.10, a price-to-earnings-growth ratio of 63.70 and a beta of 1.20. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $146.69 and its two-hundred day moving average price is $132.89.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million for 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 company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS 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.