Creekmur Asset Management LLC Raises Stake in Datadog, Inc. $DDOG

Creekmur Asset Management LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG) by 51.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,343 shares of the company’s stock after buying an additional 1,140 shares during the quarter. Creekmur Asset Management LLC’s holdings in Datadog were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company’s stock worth $3,116,487,000 after buying an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. boosted its stake in Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after buying an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after buying an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after buying an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. boosted its stake in Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock worth $481,467,000 after buying an additional 2,103,838 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $162.81 on Friday. The stock has a fifty day moving average of $146.02 and a 200 day moving average of $131.83. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The firm has a market capitalization of $56.78 billion, a price-to-earnings ratio of 465.18, a PEG ratio of 61.45 and a beta of 1.21. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on DDOG shares. UBS Group increased their price objective on Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Oppenheimer increased their price objective on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. Morgan Stanley increased their price objective on Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. Finally, Citigroup increased their price objective on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Twenty-six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $165.13.

Insider Buying and Selling

In other Datadog news, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the completion of the transaction, the director owned 364,449 shares in the company, valued at approximately $59,252,118.42. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the completion of the transaction, the chief technology officer owned 438,885 shares of the company’s stock, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,491,232 shares of company stock valued at $202,944,249 over the last three months. Insiders own 8.70% of the company’s stock.

Datadog 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.