Federated Hermes Inc. Has $62.16 Million Stake in Datadog, Inc. $DDOG

Federated Hermes Inc. reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 55.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 462,771 shares of the company’s stock after selling 580,854 shares during the quarter. Federated Hermes Inc. owned approximately 0.13% of Datadog worth $62,164,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Brown Advisory Inc. boosted its position in Datadog by 23.3% during the second quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock valued at $803,793,000 after acquiring an additional 1,130,675 shares during the last quarter. Marshall Wace LLP raised its position in shares of Datadog by 38.3% in the 2nd quarter. Marshall Wace LLP now owns 201,735 shares of the company’s stock worth $27,099,000 after acquiring an additional 55,860 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Datadog by 24.6% in the 2nd quarter. Guggenheim Capital LLC now owns 120,282 shares of the company’s stock valued at $16,157,000 after purchasing an additional 23,729 shares during the period. Sonoma Private Wealth LLC acquired a new position in shares of Datadog in the 2nd quarter valued at about $246,000. Finally, EverSource Wealth Advisors LLC boosted 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 purchasing an additional 1,417 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Datadog news, COO Adam Blitzer sold 8,023 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the sale, the chief operating officer directly owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. The trade was a 4.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $154.63, for a total value of $5,090,883.49. Following the completion of the transaction, the chief executive officer owned 518,133 shares in the company, valued at $80,118,905.79. This represents a 5.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,358,667 shares of company stock worth $237,887,928 over the last ninety days. Insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research analyst reports. BTIG Research lifted their target price on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a report on Thursday, November 6th. UBS Group raised their price objective on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Robert W. Baird lifted their price objective on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Cantor Fitzgerald increased their target price on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Scotiabank raised their price target on shares of Datadog from $150.00 to $217.00 and gave the stock a “sector outperform” rating in a report on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Price Performance

Shares of DDOG opened at $151.41 on Monday. The business’s fifty day moving average is $162.75 and its 200 day moving average is $143.61. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a market cap of $53.09 billion, a P/E ratio of 488.42, a P/E/G ratio of 33.07 and a beta of 1.23.

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