Sumitomo Mitsui Trust Group Inc. Raises Stake in Datadog, Inc. $DDOG

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 882,551 shares of the company’s stock after buying an additional 9,296 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Datadog were worth $118,553,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Motley Fool Asset Management LLC boosted its position in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after acquiring 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. grew its position in shares of Datadog by 24.7% during 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Datadog by 178.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after purchasing an additional 58,369 shares during the period. Finally, Mizuho Markets Americas LLC purchased a new stake in shares of Datadog in the first quarter worth $15,526,000. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer upped their target price on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Cowen restated a “buy” rating on shares of Datadog in a research report on Friday, October 17th. Cantor Fitzgerald raised their target price on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Wells Fargo & Company assumed coverage on shares of Datadog in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 price target for the company. Finally, Morgan Stanley increased their price target 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 analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.97.

Datadog Stock Down 0.1%

DDOG opened at $156.47 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The business’s 50-day moving average price is $143.14 and its 200-day moving average price is $129.62. The company has a market cap of $54.57 billion, a P/E ratio of 447.07, a P/E/G ratio of 61.22 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million for 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 was up 28.1% on a year-over-year basis. During the same quarter last 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 expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $154.35, for a total transaction of $1,727,948.25. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at $82,323,807.30. The trade was a 2.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the director directly owned 1,640 shares of the company’s stock, valued at $246,131.20. This represents a 96.52% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,502,427 shares of company stock worth $204,632,679. Corporate insiders own 8.70% of the company’s stock.

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.