Jennison Associates LLC Sells 844,603 Shares of Datadog, Inc. $DDOG

Jennison Associates LLC cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 13.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,545,010 shares of the company’s stock after selling 844,603 shares during the period. Jennison Associates LLC owned 1.61% of Datadog worth $744,861,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC grew its holdings in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after purchasing an additional 154 shares in the last quarter. Costello Asset Management INC purchased a new position in shares of Datadog during the first quarter worth about $30,000. Interchange Capital Partners LLC purchased a new position in shares of Datadog during the second quarter worth about $42,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Datadog during the second quarter worth about $55,000. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent analyst reports. Sanford C. Bernstein boosted their price objective on Datadog from $147.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Barclays set a $170.00 price objective on Datadog and gave the stock an “overweight” rating in a report on Thursday, August 7th. UBS Group boosted their price objective on Datadog from $165.00 to $189.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Oppenheimer boosted their price objective on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, DA Davidson boosted their price objective on Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Twenty-six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average target price of $163.97.

Insider Activity

In other news, Director Amit Agarwal sold 45,444 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $150.94, for a total value of $6,259,179.92. Following the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,491,232 shares of company stock valued at $202,944,249. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Down 0.2%

Shares of DDOG opened at $157.27 on Wednesday. The firm has a market cap of $54.85 billion, a P/E ratio of 449.36, a P/E/G ratio of 61.67 and a beta of 1.21. The stock has a 50 day simple moving average of $144.28 and a two-hundred day simple moving average of $130.71. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.