Aberdeen Group plc Raises Position in Datadog, Inc. $DDOG

Aberdeen Group plc increased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 5.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 142,387 shares of the company’s stock after acquiring an additional 7,837 shares during the quarter. Aberdeen Group plc’s holdings in Datadog were worth $19,127,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DDOG. Brighton Jones LLC acquired a new position in shares of Datadog in the fourth quarter worth about $209,000. Bison Wealth LLC acquired a new position in shares of Datadog in the fourth quarter worth about $228,000. Farther Finance Advisors LLC lifted its stake in shares of Datadog by 10.7% in the first quarter. Farther Finance Advisors LLC now owns 2,052 shares of the company’s stock worth $207,000 after acquiring an additional 199 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of Datadog by 3.3% in the first quarter. Yousif Capital Management LLC now owns 3,891 shares of the company’s stock worth $386,000 after acquiring an additional 123 shares in the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Datadog by 21.0% in the first quarter. Fifth Third Bancorp now owns 13,622 shares of the company’s stock worth $1,351,000 after acquiring an additional 2,367 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael James Callahan sold 91,667 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the sale, the director directly owned 12,496 shares in the company, valued at approximately $1,969,369.60. This represents a 88.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amit Agarwal sold 45,444 shares of the stock in a transaction that occurred 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 sale, the director owned 1,640 shares in the company, valued at $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,474,983 shares of company stock valued at $200,279,885 over the last quarter. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on DDOG. Sanford C. Bernstein boosted their price target on Datadog from $147.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Guggenheim restated a “sell” rating and set a $105.00 price objective on shares of Datadog in a research note on Tuesday, July 8th. Bank of America upped their price objective on Datadog from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Barclays set a $170.00 price objective on Datadog and gave the company an “overweight” rating in a research note on Thursday, August 7th. Finally, UBS Group upped their price objective on Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday. Twenty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

Datadog Stock Up 3.4%

Shares of Datadog stock opened at $164.20 on Tuesday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The business’s 50 day simple moving average is $138.56 and its 200-day simple moving average is $125.92. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 469.16, a PEG ratio of 62.11 and a beta of 1.21. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Datadog Company 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.