OFI Invest Asset Management Has $1.19 Million Stock Position in Datadog, Inc. $DDOG

OFI Invest Asset Management increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 6.5% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,824 shares of the company’s stock after purchasing an additional 541 shares during the quarter. OFI Invest Asset Management’s holdings in Datadog were worth $1,185,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC increased its position in shares of Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock worth $81,000 after purchasing an additional 73 shares in the last quarter. Biltmore Wealth Management LLC increased its position in Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after acquiring an additional 86 shares in the last quarter. Emerald Advisers LLC increased its position in Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company’s stock valued at $923,000 after acquiring an additional 97 shares in the last quarter. YANKCOM Partnership increased its position in Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company’s stock valued at $92,000 after acquiring an additional 99 shares in the last quarter. Finally, Covestor Ltd increased its position in Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company’s stock valued at $138,000 after acquiring an additional 113 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the subject of several research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, October 8th. Mizuho raised their price objective on shares of Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Morgan Stanley raised their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Cantor Fitzgerald raised their price objective on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus raised their price objective on shares of Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, June 26th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.46.

Datadog Stock Down 3.2%

Shares of NASDAQ:DDOG opened at $158.74 on Monday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a 50 day moving average of $138.06 and a 200-day moving average of $125.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The stock has a market cap of $55.36 billion, a price-to-earnings ratio of 453.56, a P/E/G ratio of 62.11 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the company 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, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In related news, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the completion of the transaction, the director owned 12,496 shares in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 63,939 shares of the business’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,482,907 shares of company stock valued at $201,395,584. 8.70% of the stock is currently owned by company insiders.

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.