Meiji Yasuda Asset Management Co Ltd. Acquires New Stake in Datadog, Inc. $DDOG

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,345 shares of the company’s stock, valued at approximately $5,818,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD increased its stake in shares of Datadog by 7.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after buying an additional 956,993 shares during the period. State Street Corp lifted its stake in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after acquiring an additional 7,091,075 shares during the period. Geode Capital Management LLC boosted its holdings in Datadog by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after acquiring an additional 197,816 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after acquiring an additional 1,439,082 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other Datadog news, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the completion of the sale, the director owned 39,235 shares in the company, valued at approximately $9,760,883.30. The trade was a 75.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $271.05, for a total transaction of $14,612,847.60. Following the transaction, the chief technology officer owned 531,311 shares in the company, valued at approximately $144,011,846.55. The trade was a 9.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 1,512,188 shares of company stock valued at $374,502,256 over the last three months. 6.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on DDOG shares. TD Cowen boosted their price target on shares of Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Mizuho lifted their target price on shares of Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. Guggenheim upped their price target on shares of Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Stifel Nicolaus set a $305.00 price objective on Datadog in a research note on Thursday, May 7th. Finally, Zacks Research lowered Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $276.32.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $235.62 on Monday. The firm has a market capitalization of $84.61 billion, a P/E ratio of 480.87, a P/E/G ratio of 22.94 and a beta of 1.54. The firm’s 50-day moving average price is $249.81 and its 200-day moving average price is $186.34. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Equities research analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

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.