Datadog, Inc. $DDOG Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its holdings in Datadog, Inc. (NASDAQ:DDOG) by 10.7% during the 2nd quarter, Holdings Channel reports. The fund owned 763,878 shares of the company’s stock after selling 91,921 shares during the period. Ensign Peak Advisors Inc’s holdings in Datadog were worth $102,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in DDOG. Costello Asset Management INC purchased a new position in shares of Datadog during the first quarter worth $30,000. Interchange Capital Partners LLC acquired a new stake in Datadog during the 2nd quarter worth about $42,000. Ameritas Advisory Services LLC acquired a new stake in Datadog during the 2nd quarter worth about $55,000. True Wealth Design LLC raised its stake in shares of Datadog by 679.1% during the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after buying an additional 455 shares during the last quarter. Finally, Roble Belko & Company Inc raised its stake in shares of Datadog by 205.8% during the 2nd quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock valued at $71,000 after buying an additional 354 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Down 9.5%

Shares of DDOG stock opened at $159.57 on Friday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a market cap of $55.96 billion, a price-to-earnings ratio of 514.74, a PEG ratio of 40.02 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a 50 day simple moving average of $158.37 and a 200-day simple moving average of $139.81.

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

Analysts Set New Price Targets

DDOG has been the topic of a number of recent research reports. Scotiabank upped their target price on Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a research note on Friday, November 7th. Oppenheimer boosted their price target on Datadog from $165.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Evercore ISI raised their price objective on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Jefferies Financial Group lifted their target price on shares of Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Finally, Macquarie boosted their target price on shares of Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Insider Buying and Selling at Datadog

In related news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the sale, the director directly owned 364,449 shares in the company, valued at approximately $59,252,118.42. The trade was a 2.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Matthew Jacobson sold 31,810 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $200.14, for a total value of $6,366,453.40. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 2,132,226 shares of company stock valued at $333,155,098. Corporate insiders own 8.70% of the company’s stock.

Datadog Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.