BlackRock Amends Datadog Stake, Signals Continued Confidence

Ticker: DDOG · Form: SC 13G/A · Filed: 2024-01-29T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, amendment, datadog, blackrock

TL;DR

**BlackRock still owns a big chunk of Datadog, good sign for the stock!**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, disclosing its ownership in Datadog, Inc.'s Class A Common Stock as of December 31, 2023. This filing indicates that BlackRock, a major institutional investor, continues to hold a significant stake in Datadog. For investors, this signals continued institutional confidence in Datadog, which can be a positive indicator for the stock's stability and future performance.

Why It Matters

This filing shows that a major institutional investor, BlackRock, maintains a substantial position in Datadog, which can reassure other investors about the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for Datadog.

Analyst Insight

A smart investor would view BlackRock's continued significant ownership as a vote of confidence, potentially reinforcing a decision to hold or consider buying Datadog stock, especially given the routine nature of this amendment.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., a major institutional investment manager.

What is the subject company whose securities are being reported?

The subject company is Datadog, Inc., identified by the CUSIP Number 23804L103.

What class of securities is being reported in this filing?

The filing reports on Class A Common Stock of Datadog, Inc.

What was the 'Date of Event Which Requires Filing of this Statement'?

The date of the event which requires filing of this statement was December 31, 2023.

From the Filing

0001086364-24-005124.txt : 20240129 0001086364-24-005124.hdr.sgml : 20240129 20240129152624 ACCESSION NUMBER: 0001086364-24-005124 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Datadog, Inc. CENTRAL INDEX KEY: 0001561550 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 272825503 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91168 FILM NUMBER: 24573103 BUSINESS ADDRESS: STREET 1: 620 EIGHTH AVENUE, 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 BUSINESS PHONE: 866-329-4466 MAIL ADDRESS: STREET 1: 620 EIGHTH AVENUE, 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10018 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us23804l1035_012924.txt us23804l1035_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) Datadog, Inc. -------------------------------------------------------- (Name of Issuer) Class A Common Stock -------------------------------------------------------- (Title of Class of Securities) 23804L103 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 23804L103 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 17851747 (6) Shared voting power 0 (7) Sole dispositive power 19532115 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 19532115 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- Datadog, Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 620 EIGHTH AVENUE, 45TH FLOOR NEW YORK NY 10018 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -----------------------

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