Brown Advisory Inc. Purchases 1,130,675 Shares of Datadog, Inc. $DDOG

Brown Advisory Inc. boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 23.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,983,687 shares of the company’s stock after acquiring an additional 1,130,675 shares during the quarter. Datadog makes up about 1.1% of Brown Advisory Inc.’s portfolio, making the stock its 22nd biggest position. Brown Advisory Inc.’s holdings in Datadog were worth $803,793,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP boosted its position in shares of Datadog by 38.3% during the second quarter. Marshall Wace LLP now owns 201,735 shares of the company’s stock valued at $27,099,000 after buying an additional 55,860 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Datadog by 24.6% in the second quarter. Guggenheim Capital LLC now owns 120,282 shares of the company’s stock worth $16,157,000 after buying an additional 23,729 shares during the period. Sonoma Private Wealth LLC bought a new stake in shares of Datadog during the 2nd quarter worth approximately $246,000. EverSource Wealth Advisors LLC boosted its holdings in Datadog by 143.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,405 shares of the company’s stock valued at $323,000 after acquiring an additional 1,417 shares during the period. Finally, Alpha Family Trust purchased a new position in Datadog during the 2nd quarter valued at $247,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 1.8%

Shares of Datadog stock opened at $153.00 on Friday. 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 stock has a market cap of $53.65 billion, a price-to-earnings ratio of 493.55, a PEG ratio of 35.37 and a beta of 1.23. The firm’s 50-day moving average is $162.51 and its two-hundred day moving average is $142.97. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was up 28.4% compared to the same quarter last year. 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, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $154.63, for a total value of $5,090,883.49. Following the transaction, the chief executive officer directly owned 518,133 shares in the company, valued at approximately $80,118,905.79. This trade represents a 5.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Yanbing Li sold 6,715 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the sale, the insider owned 199,394 shares of the company’s stock, valued at $31,623,888.40. This trade represents a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,391,590 shares of company stock worth $242,356,896. 8.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DDOG shares. Cowen reiterated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Evercore ISI raised their price target on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Rosenblatt Securities lifted their price objective on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Canaccord Genuity Group boosted their price objective on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, BTIG Research raised their target price on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $207.38.

Datadog Company 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.