Pictet Asset Management Holding SA Acquires 56,893 Shares of Datadog, Inc. $DDOG

Pictet Asset Management Holding SA increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 5.2% in the third quarter, Holdings Channel reports. The firm owned 1,154,426 shares of the company’s stock after acquiring an additional 56,893 shares during the period. Pictet Asset Management Holding SA’s holdings in Datadog were worth $316,128,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its stake in shares of Datadog by 1,691.4% during the second quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after purchasing an additional 175,821 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Datadog by 3.0% in the third quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock worth $71,350,000 after buying an additional 7,802 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Datadog by 7,711.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock worth $25,755,000 after buying an additional 92,844 shares during the period. Cooper Financial Group grew its stake in shares of Datadog by 188.1% in the third quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock valued at $5,733,000 after buying an additional 13,669 shares in the last quarter. Finally, Saudi Central Bank grew its stake in shares of Datadog by 91.6% in the second quarter. Saudi Central Bank now owns 21,867 shares of the company’s stock valued at $5,693,000 after buying an additional 10,455 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Performance

NASDAQ:DDOG opened at $179.04 on Friday. The firm has a 50-day moving average of $247.75 and a two-hundred day moving average of $200.01. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.51 and a quick ratio of 3.20. The stock has a market cap of $64.29 billion, a P/E ratio of 252.17, a PEG ratio of 17.46 and a beta of 1.50. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $300.68.

Datadog (NASDAQ:DDOG) last announced its earnings results on Wednesday, November 4th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.17. Datadog had a return on equity of 7.28% and a net margin of 6.12%. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. On average, research analysts expect that Datadog, Inc. will post 0.72 earnings per share for the current fiscal year.

Datadog News Roundup

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog beat Q3 estimates, reporting $1.20 billion in revenue, up 35.2% year over year, and adjusted EPS of $0.81 versus a $0.64 consensus. Infrastructure Monitoring annual recurring revenue also topped $2 billion, with broad-based platform use and AI adoption supporting demand. Article: Datadog’s Infrastructure Monitoring Tops $2B ARR in Q3, Revenues Beat
• Neutral Sentiment: Some analysts still see upside: several firms retained Buy or Overweight ratings even while trimming price targets. One valuation analysis also argues the share price may be supportable by future cash generation, though that depends on expectations for growth and AI demand. Article: Datadog Stock Could Still Be Undervalued As AI Hopes Swing
• Negative Sentiment: Investors remain wary of the outlook: Q4 guidance and customer-related factors signal a potential slowdown from Q3’s growth, while AI-customer discounts and lower-priced renewals may temper revenue growth. The forecast also relies on a minimum commitment from Datadog’s largest customer, adding uncertainty. Article: DDOG Q3 Earnings Call Highlights AI Growth and Customer Renewals
• Negative Sentiment: Multiple firms cut their price targets after the results—including Rosenblatt, TD Cowen, Wells Fargo, Citigroup and Wedbush. Though ratings remained favorable in several reports, the reductions suggest analysts are tempering near-term expectations. Article: Rosenblatt Lowers Datadog Price Target Article: Wedbush Sets New Datadog Price Target

Analysts Set New Price Targets

DDOG has been the topic of several analyst reports. Citigroup dropped their target price on Datadog from $305.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday. Sanford C. Bernstein decreased their price target on Datadog from $350.00 to $273.00 and set an “outperform” rating for the company in a report on Thursday. DA Davidson lowered their price objective on shares of Datadog from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Thursday. Robert W. Baird set a $300.00 price objective on shares of Datadog in a research report on Friday, August 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $230.00 price objective on shares of Datadog in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus target price of $278.43.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 89,497 shares of Datadog stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $207.86, for a total transaction of $18,602,846.42. Following the sale, the chief executive officer directly owned 586,416 shares in the company, valued at $121,892,429.76. The trade was a 13.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 39,912 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.55, for a total value of $9,999,951.60. Following the completion of the transaction, the director directly owned 544,220 shares in the company, valued at approximately $136,354,321. The trade was a 6.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 745,293 shares of company stock worth $175,536,548. Company insiders own 6.48% of the company’s stock.

About Datadog

Datadog, Inc provides a cloud-based monitoring and security platform that helps organizations observe and manage their technology environments. Its tools collect and analyze data from applications, infrastructure, networks, and other systems to help teams detect issues and improve performance.

The company’s products include infrastructure monitoring, application performance monitoring, log management, digital experience monitoring, database and network monitoring, and security tools. Datadog also offers capabilities for incident management and cloud security.

Founded in 2010 by Olivier Pomel and Alexis Lê-Quôc, Datadog serves customers around the world.