Truist Financial Corp Purchases 205 Shares of Datadog, Inc. $DDOG

Truist Financial Corp boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 48,615 shares of the company’s stock after acquiring an additional 205 shares during the period. Truist Financial Corp’s holdings in Datadog were worth $6,530,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of DDOG. Brighton Jones LLC bought a new stake in Datadog in the fourth quarter valued at $209,000. Bison Wealth LLC bought a new stake in shares of Datadog during the fourth quarter valued at approximately $228,000. GAMMA Investing LLC boosted its holdings in shares of Datadog by 9,984.3% during the 1st quarter. GAMMA Investing LLC now owns 79,666 shares of the company’s stock valued at $7,904,000 after buying an additional 78,876 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Datadog by 228.8% in the 1st quarter. Merit Financial Group LLC now owns 7,898 shares of the company’s stock worth $784,000 after purchasing an additional 5,496 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Datadog by 16.4% in the first quarter. Park Avenue Securities LLC now owns 18,815 shares of the company’s stock worth $1,867,000 after acquiring an additional 2,655 shares in the last quarter. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DDOG. Bank of America upped their target price on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Mizuho upped their price objective on Datadog from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Jefferies Financial Group lifted their price target on shares of Datadog from $135.00 to $160.00 and gave the company a “buy” rating in a report on Monday, August 4th. Stifel Nicolaus boosted their target price on shares of Datadog from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company assumed coverage on shares of Datadog in a research report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective on the stock. Twenty-five 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, the company has an average rating of “Moderate Buy” and a consensus target price of $156.69.

Datadog Price Performance

NASDAQ DDOG opened at $157.36 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The firm’s 50 day moving average price is $136.72 and its 200-day moving average price is $124.03. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a market cap of $54.88 billion, a PE ratio of 449.61, a P/E/G ratio of 59.40 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last released 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 for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity at Datadog

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $137.94, for a total value of $1,544,238.30. Following the completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $73,571,402.52. This trade represents a 2.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction 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 sale, the director directly owned 1,640 shares of the company’s stock, valued at $246,131.20. The trade was a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,351,694 shares of company stock valued at $178,636,292 over the last 90 days. Company insiders own 8.70% of the company’s stock.

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.