Chicago Partners Investment Group LLC Boosts Stake in Datadog, Inc. $DDOG

Chicago Partners Investment Group LLC increased its position in Datadog, Inc. (NASDAQ:DDOG) by 50.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,952 shares of the company’s stock after buying an additional 995 shares during the period. Chicago Partners Investment Group LLC’s holdings in Datadog were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Motley Fool Asset Management LLC raised its position in Datadog by 149.0% during the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after purchasing an additional 22,818 shares during the period. LBP AM SA raised its stake in shares of Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company’s stock valued at $41,649,000 after buying an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after purchasing an additional 156,152 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after purchasing an additional 58,369 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in shares of Datadog during the 1st quarter worth approximately $15,526,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DDOG. Bank of America boosted their target price on Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Wells Fargo & Company started coverage on Datadog in a research report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective on the stock. Monness Crespi & Hardt upped their price objective on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. BTIG Research increased their target price on Datadog from $169.00 to $184.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Canaccord Genuity Group raised their price objective on shares of Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Twenty-six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $163.97.

Datadog Trading Down 1.3%

Shares of DDOG opened at $154.21 on Thursday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a 50 day simple moving average of $141.92 and a 200-day simple moving average of $128.37. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The stock has a market cap of $53.78 billion, a price-to-earnings ratio of 440.61, a price-to-earnings-growth ratio of 61.13 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s revenue was up 28.1% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The shares were 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 approximately $246,131.20. The trade was a 96.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the completion of the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at $66,245,301.90. The trade was a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,491,232 shares of company stock worth $202,904,731 in the last three months. 8.70% of the stock is currently owned by company insiders.

About Datadog

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.