Bailard Inc. Trims Stake in Datadog, Inc. $DDOG

Bailard Inc. reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 11.0% during the second quarter, Holdings Channel.com reports. The firm owned 39,559 shares of the company’s stock after selling 4,914 shares during the quarter. Bailard Inc.’s holdings in Datadog were worth $5,314,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of DDOG. Geode Capital Management LLC increased its position in Datadog by 4.3% in the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after buying an additional 242,273 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Datadog by 6.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 19,769 shares of the company’s stock valued at $2,656,000 after acquiring an additional 1,255 shares during the period. Wealth Alliance LLC purchased a new stake in Datadog in the 2nd quarter worth approximately $212,000. Forsta AP Fonden raised its stake in Datadog by 3.2% during the 2nd quarter. Forsta AP Fonden now owns 58,300 shares of the company’s stock worth $7,831,000 after acquiring an additional 1,800 shares during the period. Finally, KBC Group NV raised its stake in Datadog by 1.7% during the 2nd quarter. KBC Group NV now owns 300,172 shares of the company’s stock worth $40,322,000 after acquiring an additional 5,076 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Trading Down 3.5%

Shares of DDOG stock opened at $190.89 on Thursday. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $66.57 billion, a price-to-earnings ratio of 615.77, a price-to-earnings-growth ratio of 56.43 and a beta of 1.20. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The stock’s 50-day moving average price is $153.56 and its 200-day moving average price is $136.97.

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

Insider Buying and Selling at Datadog

In related news, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the sale, the director owned 364,449 shares of the company’s stock, valued at $59,252,118.42. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael James Callahan sold 12,500 shares of Datadog stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the completion of the transaction, the director directly owned 12,496 shares of the company’s stock, valued at $2,342,625.12. The trade was a 50.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,489,813 shares of company stock worth $205,390,637. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DDOG shares. Mizuho set a $215.00 price target on shares of Datadog in a research report on Friday, November 7th. Stifel Nicolaus set a $205.00 target price on shares of Datadog in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Monness Crespi & Hardt boosted their price objective on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Finally, Evercore ISI increased their target price on Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Thirty-one research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $207.38.

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.