MJP Associates Inc. ADV Grows Stake in Datadog, Inc. $DDOG

MJP Associates Inc. ADV grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 27.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,609 shares of the company’s stock after purchasing an additional 980 shares during the period. MJP Associates Inc. ADV’s holdings in Datadog were worth $619,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Datadog by 3.5% during the 1st 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 during the last quarter. Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 23.1% during 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 acquiring an additional 1,261,065 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Datadog by 4.3% during the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after acquiring an additional 242,273 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares in the company, valued at approximately $78,336,921.39. This trade represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 62,682 shares of Datadog stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $87,417,376.20. The trade was a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,979,841 shares of company stock worth $303,130,605. 8.70% of the stock is currently owned by insiders.

Datadog Price Performance

Shares of DDOG opened at $185.01 on Friday. The business’s 50-day moving average is $155.62 and its two-hundred day moving average is $137.89. The company has a market capitalization of $64.88 billion, a P/E ratio of 596.81, a P/E/G ratio of 42.21 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on DDOG shares. Robert W. Baird boosted their target price on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. BNP Paribas Exane lifted their price objective on shares of Datadog from $160.00 to $210.00 in a research note on Friday, November 7th. Capital One Financial boosted their price objective on shares of Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. Royal Bank Of Canada raised their target price on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, JPMorgan Chase & Co. raised their price objective on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

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.