Bank of New York Mellon Corp Purchases 312,161 Shares of Datadog, Inc. $DDOG

Bank of New York Mellon Corp boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,232,478 shares of the company’s stock after purchasing an additional 312,161 shares during the quarter. Bank of New York Mellon Corp owned about 0.64% of Datadog worth $317,905,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in DDOG. Tripletail Wealth Management LLC bought a new stake in Datadog during the third quarter valued at $28,000. Steigerwald Gordon & Koch Inc. bought a new position in Datadog during the 3rd quarter worth approximately $40,000. Interchange Capital Partners LLC purchased a new position in Datadog in the 2nd quarter worth approximately $42,000. Game Plan Financial Advisors LLC bought a new stake in Datadog in the third quarter valued at approximately $43,000. Finally, Cromwell Holdings LLC lifted its position in Datadog by 536.5% in the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock valued at $47,000 after purchasing an additional 279 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the transaction, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. This trade represents a 96.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,071,709 shares of company stock worth $192,590,597 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Datadog News Summary

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: The Iconic customer win highlights continued enterprise demand for Datadog’s monitoring platform, supporting recurring revenue growth. THE ICONIC boosts platform reliability with Datadog
• Positive Sentiment: Scotiabank continues to view DDOG as a “safe AI monitoring” play in the sector and kept an Outperform/sector-preferred stance, underlining confidence in Datadog’s strategic positioning despite the PT cut. Scotiabank Sees Datadog (DDOG) as Safe AI Monitoring Play
• Positive Sentiment: Recent analyst/market commentary and a video overview reiterate the high-growth SaaS narrative for Datadog, which can attract longer-term growth investors. Datadog (DDOG) stock analysis | High growth SaaS stock
• Neutral Sentiment: Daiwa issued a new rating on DDOG — the presence of fresh coverage can increase liquidity/attention but is neutral until details affect guidance or PTs. Datadog (DDOG) Receives a New Rating from Daiwa
• Neutral Sentiment: Coverage on “bullish DDOG notes” and possible shifts in Datadog’s AI-platform strategy flags investor interest in how the company leverages AI, but strategic details remain evolving. Are Bullish DDOG Notes Revealing a Deeper Shift
• Negative Sentiment: BMO cut its price target from $215 to $170 (while keeping an Outperform), which likely triggered short-term selling and contributed to downward momentum. DDOG: Price target lowered by BMO Capital Markets
• Negative Sentiment: Scotiabank trimmed its PT from $217 to $180 — even with a positive view, the PT cut reduces marginal upside for some investors and can pressure short-term sentiment. Scotiabank Issues Pessimistic Forecast for Datadog
• Negative Sentiment: Elevated trading volume and a spike in sell-side activity (reflected in today’s heavier-than-average volume) amplified downward price moves; reported short-interest data appears anomalous and not explanatory. (No link)

Datadog Stock Down 8.8%

Shares of Datadog stock opened at $128.18 on Friday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The firm has a market cap of $44.95 billion, a price-to-earnings ratio of 413.48, a PEG ratio of 25.07 and a beta of 1.26. The company has a 50-day moving average of $140.08 and a 200 day moving average of $145.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DDOG shares. CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 target price on the stock in a report on Friday, November 7th. Truist Financial cut their target price on Datadog from $195.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday, January 7th. Oppenheimer boosted their target price on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Rosenblatt Securities upped their target price on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Evercore ISI lifted their price target on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Thirty-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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $190.77.

Datadog Company Profile

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.