Datadog, Inc. $DDOG Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 431,085 shares of the company’s stock after selling 22,000 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Datadog were worth $61,387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Tripletail Wealth Management LLC acquired a new stake in shares of Datadog during the third quarter worth about $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in Datadog in the 3rd quarter valued at about $40,000. Interchange Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter valued at approximately $42,000. Game Plan Financial Advisors LLC acquired a new stake in Datadog during the 3rd quarter worth approximately $43,000. Finally, Cromwell Holdings LLC lifted its position in Datadog by 536.5% during the 3rd quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock worth $47,000 after acquiring an additional 279 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent research reports. Moffett Nathanson reissued a “buy” rating on shares of Datadog in a report on Monday, December 29th. Citigroup lowered their price objective on shares of Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, January 16th. DA Davidson upped their price objective on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. UBS Group raised their target price on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Finally, Morgan Stanley boosted their price target on shares of Datadog from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Thirty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $192.95.

Datadog Price Performance

Datadog stock opened at $130.13 on Friday. The company has a market cap of $45.63 billion, a P/E ratio of 419.77, a price-to-earnings-growth ratio of 23.51 and a beta of 1.26. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The business has a fifty day moving average of $143.06 and a two-hundred day moving average of $145.54. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

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

Insider Activity at Datadog

In related news, COO Adam Blitzer sold 8,023 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total value of $1,240,436.03. Following the completion of the transaction, the chief operating officer directly owned 165,197 shares of the company’s stock, valued at $25,541,108.17. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yanbing Li sold 6,715 shares of Datadog stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the transaction, the insider directly owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. This represents a 3.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,071,709 shares of company stock worth $192,590,597. 8.70% of the stock is currently owned by company insiders.

Datadog 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.