Rakuten Investment Management Inc. Purchases New Position in Datadog, Inc. $DDOG

Rakuten Investment Management Inc. acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 16,262 shares of the company’s stock, valued at approximately $2,316,000.

Several other institutional investors have also modified their holdings of DDOG. Vanguard Group Inc. raised its stake in Datadog by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after acquiring an additional 740,457 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after purchasing an additional 1,130,675 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Datadog by 4.3% during the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after purchasing an additional 242,273 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Datadog by 0.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock valued at $610,835,000 after purchasing an additional 40,276 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Datadog in the 2nd quarter valued at about $347,728,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 0.9%

Shares of NASDAQ:DDOG opened at $130.13 on Friday. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.71 and a beta of 1.26. The firm’s 50-day simple moving average is $143.06 and its 200-day simple moving average is $145.54. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million during 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 firm’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same period in the prior year, the company posted $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, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

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

Analyst Upgrades and Downgrades

Several research firms have commented on DDOG. CIBC raised Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a research report on Friday, November 7th. Guggenheim set a $105.00 price target on shares of Datadog in a research report on Thursday, November 6th. Cantor Fitzgerald raised their price objective on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Robert W. Baird upped their target price on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Finally, UBS Group increased their target price on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Thirty-four analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $192.95.

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.