Amundi Has $120.85 Million Stock Position in Datadog, Inc. $DDOG

Amundi cut its holdings in Datadog, Inc. (NASDAQ:DDOG) by 87.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 895,107 shares of the company’s stock after selling 5,972,127 shares during the period. Amundi owned approximately 0.26% of Datadog worth $120,848,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDOG. Marshall Wace LLP lifted its position in shares of Datadog by 38.3% during the second quarter. Marshall Wace LLP now owns 201,735 shares of the company’s stock valued at $27,099,000 after purchasing an additional 55,860 shares in the last quarter. Guggenheim Capital LLC increased its position in Datadog by 24.6% in the second quarter. Guggenheim Capital LLC now owns 120,282 shares of the company’s stock worth $16,157,000 after buying an additional 23,729 shares during the last quarter. Sonoma Private Wealth LLC bought a new stake in shares of Datadog in the second quarter valued at $246,000. EverSource Wealth Advisors LLC lifted its position in shares of Datadog by 143.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,405 shares of the company’s stock valued at $323,000 after buying an additional 1,417 shares during the last quarter. Finally, Alpha Family Trust purchased a new stake in Datadog during the second quarter valued at about $247,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC lifted their target price on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company raised their price target on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Scotiabank upped their price objective on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research note on Friday, November 7th. Oppenheimer lifted their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Wolfe Research raised their price target on shares of Datadog from $175.00 to $240.00 and gave the stock an “outperform” rating in a report 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Insider Activity

In related news, COO Adam Blitzer sold 8,023 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the sale, the chief operating officer owned 165,197 shares of the company’s stock, valued at $25,541,108.17. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO David M. Obstler sold 12,513 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the completion of the sale, the chief financial officer owned 374,138 shares in the company, valued at approximately $59,338,286.80. This trade represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,358,667 shares of company stock worth $237,887,928. 8.70% of the stock is currently owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG opened at $151.41 on Monday. The company has a 50-day simple moving average of $162.75 and a two-hundred day simple moving average of $143.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The firm has a market capitalization of $53.09 billion, a PE ratio of 488.42, a price-to-earnings-growth ratio of 33.07 and a beta of 1.23. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the prior year, the company earned $0.46 EPS. The business’s revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. On average, analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.