Datadog, Inc. $DDOG Stake Raised by Assetmark Inc.

Assetmark Inc. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 25.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,271 shares of the company’s stock after purchasing an additional 42,810 shares during the period. Assetmark Inc. owned approximately 0.06% of Datadog worth $28,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DDOG. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC grew its position in Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after buying an additional 154 shares during the last quarter. Costello Asset Management INC bought a new position in shares of Datadog in the first quarter valued at $30,000. Interchange Capital Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter valued at $42,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Datadog during the 2nd quarter worth $55,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Transactions at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. The trade was a 96.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,491,232 shares of company stock valued at $202,944,249. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Robert W. Baird set a $165.00 target price on Datadog in a research report on Wednesday. Wells Fargo & Company started coverage on shares of Datadog in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $190.00 target price on the stock. Needham & Company LLC restated a “buy” rating and set a $175.00 price target on shares of Datadog in a report on Thursday, August 14th. Scotiabank reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Finally, Monness Crespi & Hardt lifted their price objective on shares of Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Twenty-six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $164.47.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $157.07 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The business’s 50-day moving average price is $145.39 and its two-hundred day moving average price is $131.34. The company has a market capitalization of $54.78 billion, a P/E ratio of 448.78, a price-to-earnings-growth ratio of 61.04 and a beta of 1.21.

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

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.