Assenagon Asset Management S.A. Has $104.60 Million Stock Holdings in Datadog, Inc. $DDOG

Assenagon Asset Management S.A. lowered its position in Datadog, Inc. (NASDAQ:DDOG) by 18.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 886,041 shares of the company’s stock after selling 201,603 shares during the period. Assenagon Asset Management S.A.’s holdings in Datadog were worth $104,597,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DDOG. JPL Wealth Management LLC bought a new position in shares of Datadog in the 3rd quarter worth about $27,000. CoreCap Advisors LLC raised its holdings in shares of Datadog by 1,461.5% in the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock valued at $28,000 after purchasing an additional 190 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Datadog during the fourth quarter valued at about $31,000. NBC Securities Inc. grew its holdings in shares of Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after acquiring an additional 165 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in shares of Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after purchasing an additional 94 shares during the period. 78.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Datadog

In related news, Director Dev Ittycheria sold 120,000 shares of the stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total value of $29,853,600.00. Following the completion of the transaction, the director directly owned 39,235 shares in the company, valued at $9,760,883.30. This trade represents a 75.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $271.05, for a total transaction of $14,612,847.60. Following the transaction, the chief technology officer directly owned 531,311 shares of the company’s stock, valued at approximately $144,011,846.55. This trade represents a 9.21% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 1,455,364 shares of company stock valued at $306,341,930. Company insiders own 6.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DDOG. Citizens Jmp raised Datadog from a “market perform” rating to an “outperform” rating and set a $225.00 price objective for the company in a report on Thursday, May 7th. Mizuho increased their target price on shares of Datadog from $145.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Bank of America boosted their price objective on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Monday, June 8th. Robert W. Baird set a $210.00 target price on Datadog in a research note on Friday, May 8th. Finally, Capital One Financial lifted their price target on shares of Datadog from $217.00 to $268.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $241.30.

Datadog Stock Performance

NASDAQ:DDOG opened at $222.65 on Thursday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $196.02 and its 200 day simple moving average is $151.12. The stock has a market cap of $79.25 billion, a P/E ratio of 585.94, a price-to-earnings-growth ratio of 23.26 and a beta of 1.56. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. During the same period last year, the company posted $0.46 EPS. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, research analysts predict that Datadog, Inc. will post 0.62 EPS for the current 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.