Sumitomo Mitsui DS Asset Management Company Ltd Boosts Holdings in Datadog, Inc. $DDOG

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Datadog, Inc. (NASDAQ:DDOG) by 37.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,233 shares of the company’s stock after purchasing an additional 30,008 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Datadog were worth $15,555,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Tripletail Wealth Management LLC acquired a new stake in shares of Datadog in the 3rd quarter worth $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in Datadog during the 3rd quarter valued at about $40,000. Interchange Capital Partners LLC purchased a new stake in Datadog in the second quarter valued at about $42,000. Cromwell Holdings LLC boosted its holdings in Datadog by 536.5% in the third quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock worth $47,000 after acquiring an additional 279 shares in the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in Datadog by 3,181.8% in the third quarter. SJS Investment Consulting Inc. now owns 361 shares of the company’s stock worth $51,000 after acquiring an additional 350 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of NASDAQ DDOG opened at $125.49 on Friday. The company has a 50 day simple moving average of $154.67 and a two-hundred day simple moving average of $146.72. The stock has a market cap of $44.01 billion, a price-to-earnings ratio of 404.81, a PEG ratio of 23.26 and a beta of 1.26. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

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

Insider Activity at Datadog

In other Datadog news, COO Adam Blitzer sold 8,023 shares of Datadog stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the transaction, the chief operating officer owned 165,197 shares in the company, valued at approximately $25,541,108.17. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 11,195 shares of the business’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $137.93, for a total value of $1,544,126.35. Following the completion of the transaction, the chief executive officer directly owned 518,133 shares of the company’s stock, valued at approximately $71,466,084.69. This trade represents a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,091,237 shares of company stock worth $195,954,762 in the last three months. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent analyst reports. BNP Paribas Exane upped their price objective on shares of Datadog from $160.00 to $210.00 in a report on Friday, November 7th. Oppenheimer boosted their target price on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Bank of America upped their price target on shares of Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Raymond James Financial raised their price target on shares of Datadog from $170.00 to $205.00 in a report on Thursday, November 6th. Finally, Rosenblatt Securities boosted their price objective on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Thirty-three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.87.

About Datadog

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.