Zevin Asset Management LLC Boosts Stock Position in Datadog, Inc. $DDOG

Zevin Asset Management LLC increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,008 shares of the company’s stock after buying an additional 3,461 shares during the period. Zevin Asset Management LLC’s holdings in Datadog were worth $9,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Goldman Sachs Group Inc. lifted its holdings in Datadog by 259.7% during the first 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 in the last quarter. Baillie Gifford & Co. raised its position in shares of Datadog by 12.6% during the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Datadog during the second quarter valued at approximately $177,050,000. Price T Rowe Associates Inc. MD lifted its position in shares of Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after acquiring an additional 1,261,065 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Datadog during the 1st quarter worth $112,593,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael James Callahan sold 8,333 shares of the company’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $160.55, for a total transaction of $1,337,863.15. Following the transaction, the director owned 12,496 shares of the company’s stock, valued at $2,006,232.80. This represents a 40.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the completion of the sale, the director directly owned 364,449 shares of the company’s stock, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,510,236 shares of company stock valued at $207,339,763. Company insiders own 8.70% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $185.57 on Friday. 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 has a market capitalization of $64.72 billion, a PE ratio of 527.04, a PEG ratio of 60.64 and a beta of 1.20. The stock’s 50 day moving average price is $148.78 and its 200-day moving average price is $133.91. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $194.87.

Datadog (NASDAQ:DDOG) last released 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same period in the previous year, the business posted $0.46 EPS. The business’s revenue for the quarter was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. On average, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DDOG. BMO Capital Markets boosted their target price on Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday. Robert W. Baird set a $165.00 price objective on Datadog in a research report on Wednesday, October 29th. Citigroup upped their target price on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Sanford C. Bernstein upped their price objective on shares of Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Friday. Finally, Jefferies Financial Group raised their price objective on shares of Datadog from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Twenty-eight equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $183.88.

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.