Asset Management One Co. Ltd. Increases Stake in Datadog, Inc. $DDOG

Asset Management One Co. Ltd. raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 125,944 shares of the company’s stock after purchasing an additional 10,384 shares during the period. Asset Management One Co. Ltd.’s holdings in Datadog were worth $17,934,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Tripletail Wealth Management LLC bought a new position in Datadog in the third quarter worth approximately $28,000. Interchange Capital Partners LLC purchased a new position in shares of Datadog in the 2nd quarter valued at $42,000. SJS Investment Consulting Inc. increased its holdings in shares of Datadog by 3,181.8% in the 3rd quarter. SJS Investment Consulting Inc. now owns 361 shares of the company’s stock valued at $51,000 after acquiring an additional 350 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Datadog in the 2nd quarter worth $55,000. Finally, True Wealth Design LLC lifted its stake in shares of Datadog by 679.1% during the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $70,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DDOG shares. Mizuho set a $200.00 target price on Datadog in a research note on Tuesday, December 16th. Cantor Fitzgerald boosted their price objective on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Needham & Company LLC raised their target price on shares of Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Wolfe Research reduced their price target on Datadog from $240.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Rosenblatt Securities increased their price objective on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Thirty-three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $205.32.

Datadog Price Performance

Shares of DDOG opened at $133.64 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The company’s fifty day moving average price is $156.64 and its 200-day moving average price is $146.72. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The firm has a market capitalization of $46.86 billion, a PE ratio of 431.10, a price-to-earnings-growth ratio of 24.79 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity

In other Datadog news, CEO Olivier Pomel sold 11,195 shares of Datadog stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $137.93, for a total transaction of $1,544,126.35. Following the completion of the sale, the chief executive officer directly owned 518,133 shares in the company, valued at approximately $71,466,084.69. The trade was a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Yanbing Li sold 6,715 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the completion of the sale, the insider owned 199,394 shares in the company, valued at $31,623,888.40. The trade was a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,137,690 shares of company stock valued at $204,960,346. 8.70% of the stock is owned by insiders.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.