Robeco Institutional Asset Management B.V. Cuts Position in Datadog, Inc. $DDOG

Robeco Institutional Asset Management B.V. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 11.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,122 shares of the company’s stock after selling 11,899 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Datadog were worth $12,833,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC increased its position in Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of Datadog by 2.4% in the third quarter. Nilsine Partners LLC now owns 3,396 shares of the company’s stock worth $484,000 after acquiring an additional 78 shares during the last quarter. PDS Planning Inc grew its stake in shares of Datadog by 4.2% in the third quarter. PDS Planning Inc now owns 1,975 shares of the company’s stock worth $281,000 after acquiring an additional 80 shares during the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Datadog by 0.8% during the second quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after acquiring an additional 82 shares in the last quarter. Finally, Biltmore Wealth Management LLC raised its position in shares of Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock worth $769,000 after purchasing an additional 86 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Trading Down 7.6%

Shares of DDOG stock opened at $130.68 on Friday. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $155.42 and its 200 day moving average is $146.64. The stock has a market capitalization of $45.83 billion, a P/E ratio of 421.55, a P/E/G ratio of 26.22 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million during 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 quarterly revenue was up 28.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its 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 year.

Insider Activity at Datadog

In other Datadog news, CFO David M. Obstler sold 12,513 shares of the stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,984,561.80. Following the transaction, the chief financial officer owned 374,138 shares of the company’s stock, valued at approximately $59,338,286.80. This represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yanbing Li sold 6,715 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 199,394 shares in the company, valued at $31,623,888.40. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,091,237 shares of company stock valued at $195,954,762 in the last 90 days. 8.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on DDOG. Piper Sandler cut their price objective on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday. Macquarie upped their target price on shares of Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Barclays raised their price target on shares of Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Oppenheimer boosted their price objective on shares of Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Evercore ISI increased their target price on Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Thirty-three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $203.87.

About Datadog

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.