National Pension Service Sells 42,346 Shares of Datadog, Inc. $DDOG

National Pension Service trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 417,966 shares of the company’s stock after selling 42,346 shares during the quarter. National Pension Service’s holdings in Datadog were worth $56,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. OVERSEA CHINESE BANKING Corp Ltd grew its stake 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 last quarter. Costello Asset Management INC bought a new position in Datadog in the 1st quarter valued at $30,000. Interchange Capital Partners LLC purchased a new stake in Datadog in the second quarter worth $42,000. Ameritas Advisory Services LLC bought a new stake in shares of Datadog during the second quarter worth $55,000. Finally, True Wealth Design LLC boosted its stake in shares of Datadog by 679.1% during the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after purchasing an additional 455 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Datadog

In related news, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the sale, the director owned 12,496 shares in the company, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares in the company, valued at approximately $88,014,737.16. This trade represents a 10.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,979,841 shares of company stock valued at $303,130,605 over the last three months. 8.70% of the stock is currently owned by company insiders.

Datadog Trading Down 2.6%

Shares of DDOG stock opened at $185.97 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. The stock’s fifty day moving average is $154.65 and its two-hundred day moving average is $137.31. The firm has a market capitalization of $64.86 billion, a P/E ratio of 599.90, a PEG ratio of 55.35 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Scotiabank boosted their price target on Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a report on Friday, November 7th. Robert W. Baird raised their price objective on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Cantor Fitzgerald raised their target price on shares of Datadog from $179.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets increased their price objective on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.38.

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.