Banco Bilbao Vizcaya Argentaria S.A. Trims Position in Datadog, Inc. $DDOG

Banco Bilbao Vizcaya Argentaria S.A. trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 15.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,951 shares of the company’s stock after selling 3,790 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Datadog were worth $2,811,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after acquiring an additional 6,250,942 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock worth $1,217,769,000 after purchasing an additional 1,369,522 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Datadog in the 2nd quarter worth approximately $177,050,000. Price T Rowe Associates Inc. MD grew its holdings in Datadog by 23.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock valued at $667,611,000 after buying an additional 1,261,065 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Datadog during the first quarter valued at approximately $112,593,000. Institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 0.5%

Shares of NASDAQ DDOG opened at $185.01 on Monday. The company has a market cap of $64.88 billion, a P/E ratio of 596.81, a PEG ratio of 42.00 and a beta of 1.20. The firm has a 50-day simple moving average of $155.62 and a two-hundred day simple moving average of $138.39. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to analyst estimates of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business’s revenue was up 28.4% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald upped their target price on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Needham & Company LLC raised their price objective on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Raymond James Financial lifted their target price on Datadog from $170.00 to $205.00 in a report on Thursday, November 6th. JPMorgan Chase & Co. increased their price target on Datadog from $140.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Citigroup lifted their price objective on Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $207.38.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the sale, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the completion of the transaction, the director owned 364,449 shares in the company, valued at $59,252,118.42. This represents a 2.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,979,841 shares of company stock worth $303,130,605 over the last ninety days. 8.70% of the stock is currently owned by company insiders.

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.