E Fund Management Hong Kong Co. Ltd. Purchases 1,218 Shares of Datadog, Inc. $DDOG

E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 2,298.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,271 shares of the company’s stock after purchasing an additional 1,218 shares during the period. E Fund Management Hong Kong Co. Ltd.’s holdings in Datadog were worth $171,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DDOG. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Datadog by 887.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC boosted its position in Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC purchased a new stake in Datadog in the 1st quarter valued at about $30,000. Opal Wealth Advisors LLC purchased a new stake in Datadog in the 1st quarter valued at about $37,000. Finally, Center for Financial Planning Inc. boosted its position in Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after buying an additional 345 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Up 6.2%

NASDAQ DDOG opened at $164.12 on Thursday. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $57.24 billion, a PE ratio of 468.93, a price-to-earnings-growth ratio of 60.46 and a beta of 1.21. The company has a 50 day moving average price of $137.11 and a 200 day moving average price of $124.51. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog’s revenue was up 28.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Activity

In other Datadog news, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director owned 1,640 shares in the company, valued at approximately $246,131.20. This represents a 96.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the transaction, the director owned 12,496 shares in the company, valued at $1,969,369.60. The trade was a 88.00% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,443,361 shares of company stock worth $193,083,012. Insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DDOG. Sanford C. Bernstein boosted their price objective on shares of Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research report on Wednesday. Cantor Fitzgerald boosted their price objective on shares of Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Morgan Stanley boosted their price objective on shares of Datadog from $115.00 to $165.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Twenty-four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.61.

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.