Optas LLC Invests $340,000 in Datadog, Inc. $DDOG

Optas LLC acquired a new position in Datadog, Inc. (NASDAQ:DDOG) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,532 shares of the company’s stock, valued at approximately $340,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of 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 purchasing an additional 1,058,803 shares during the period. Baillie Gifford & Co. increased its stake in shares of 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 purchasing an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of 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 purchasing an additional 6,250,942 shares during the period. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $667,611,000 after acquiring an additional 1,261,065 shares during the period. Finally, Brown Advisory Inc. increased its stake in Datadog by 76.5% during the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company’s stock valued at $481,467,000 after acquiring an additional 2,103,838 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DDOG has been the topic of several research reports. Canaccord Genuity Group boosted their price target on Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Cantor Fitzgerald boosted their price target on Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. BMO Capital Markets boosted their price target on Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Mizuho boosted their price target on Datadog from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Barclays set a $170.00 price target on Datadog and gave the company an “overweight” rating in a research note on Thursday, August 7th. Twenty-four research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.46.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 63,939 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at $88,014,737.16. This represents a 10.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction that occurred 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 sale, the chief technology officer owned 438,885 shares in the company, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,565,843 shares of company stock valued at $212,946,080. 8.70% of the stock is currently owned by company insiders.

Datadog Trading Down 0.0%

DDOG stock opened at $164.07 on Friday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The firm has a market cap of $57.22 billion, a P/E ratio of 468.78, a P/E/G ratio of 64.21 and a beta of 1.21. The business’s 50 day moving average is $137.59 and its 200-day moving average is $124.89. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $791.72 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.