TSP Weekly Tech Stock Update—May 31, 2025

This Week: ZS at new 52-week high, RBRK new post-IPO high, strong new logo growth at NTNX, Elastic's AI opportunity, CRWD/MDB/AVGO earnings previews, Apple WWDC25 preview, Jefferies upgrades U & more.

Hello from Rob…

—Datadog (DDOG, $117.88) shares have rebounded 44% from the April 7 low of $81.63, but are still below the 200-day moving average of $122.96. There’s short-term resistance at $118.72 and $119.36.

During Q1, when the stock traded as high as $153.42 and as low as $96.63, Brown Advisory and Janus Henderson were among the biggest buyers of Datadog, picking up 2.1 million shares and 2.0 million shares, respectively. Janus Henderson now owns 6.017 million shares, making it the #8 holder.

Baillie Gifford added 1.369 million shares after purchasing 1.484 million shares in the previous quarter. The firm is now the #3 holder, with 12.274 million shares.

T. Rowe Price boosted its position by 23% to 6.729 million shares to become the #5 holder. While Fidelity in Q1 trimmed its stake by 8%, it’s still the #4 holder, with 12.079 million shares. In the previous quarter, Fidelity had lifted its Datadog position by 40%.

For paid subscribers, read more about Datadog in the May 2025 PDF (TSP #279).

*Inside This Issue: Zscaler Delivered Standout FQ3 Results

—Paid subscribers will receive the June 2025 PDF of Tech-Stock Prospector (TSP #280) via email on Tuesday, June 10.

—Paid subscribers have access to the TSP Market Overview and TSP Portfolio Updates sections inside this issue.