ProShare Advisors LLC Boosts Stake in Datadog, Inc. $DDOG

ProShare Advisors LLC lifted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 437,665 shares of the company’s stock after purchasing an additional 22,067 shares during the period. ProShare Advisors LLC owned about 0.13% of Datadog worth $58,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DDOG. Vanguard Group Inc. grew its holdings 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 purchasing an additional 1,058,803 shares during the period. Baillie Gifford & Co. raised its stake 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 buying an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after buying an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Datadog by 4.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,656,379 shares of the company’s stock valued at $461,959,000 after acquiring an additional 180,100 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Shardul Shah sold 7,916 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were 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 owned 364,449 shares of the company’s stock, valued at $59,252,118.42. This represents a 2.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 62,682 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was 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 of the company’s stock, valued at $87,417,376.20. This represents a 10.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,489,813 shares of company stock valued at $205,390,637 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DDOG shares. KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective for the company in a research report on Friday. Truist Financial boosted their target price on shares of Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday. Robert W. Baird upped their price target on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group lifted their price objective on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup boosted their price objective on Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, August 18th. Thirty equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.42.

Datadog Trading Up 4.4%

DDOG opened at $199.72 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. The company’s 50 day simple moving average is $151.13 and its two-hundred day simple moving average is $135.91. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.46. The firm has a market capitalization of $69.65 billion, a price-to-earnings ratio of 644.26, a price-to-earnings-growth ratio of 54.29 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s revenue 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. Analysts expect 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.