Datadog, Inc. $DDOG Shares Sold by Savant Capital LLC

Savant Capital LLC decreased its holdings in Datadog, Inc. (NASDAQ:DDOG) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,922 shares of the company’s stock after selling 1,037 shares during the quarter. Savant Capital LLC’s holdings in Datadog were worth $3,482,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of DDOG. Motley Fool Asset Management LLC increased its position in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock worth $3,783,000 after acquiring an additional 22,818 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock worth $9,032,000 after purchasing an additional 58,369 shares during the period. Mizuho Markets Americas LLC purchased a new position in Datadog during the 1st quarter worth approximately $15,526,000. Temasek Holdings Private Ltd raised its stake in Datadog by 585.0% during the 1st quarter. Temasek Holdings Private Ltd now owns 108,827 shares of the company’s stock valued at $10,797,000 after purchasing an additional 92,939 shares during the period. Finally, Slow Capital Inc. raised its stake in Datadog by 124.0% during the 1st quarter. Slow Capital Inc. now owns 60,223 shares of the company’s stock valued at $5,975,000 after purchasing an additional 33,332 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Up 0.2%

Shares of Datadog stock opened at $191.24 on Monday. The firm has a market cap of $66.69 billion, a price-to-earnings ratio of 616.90, a P/E/G ratio of 54.29 and a beta of 1.20. The stock has a 50-day simple moving average of $149.87 and a 200-day simple moving average of $135.21. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $194.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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. The firm had revenue of $885.65 million for 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 company’s revenue for the quarter was up 28.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. 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 earnings per share for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the transaction, the director directly owned 1,640 shares in the company, valued at $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This trade represents a 10.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,477,313 shares of company stock worth $203,047,262 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DDOG. Barclays raised their target price on Datadog from $170.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday. Canaccord Genuity Group lifted their target price on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Citigroup upped their target price on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. Rosenblatt Securities raised their price target on shares of Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday. Thirty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.42.

Datadog Company 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.