E. Ohman J or Asset Management AB Sells 9,606 Shares of Datadog, Inc. $DDOG

E. Ohman J or Asset Management AB trimmed its stake in Datadog, Inc. (NASDAQ:DDOG) by 17.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,981 shares of the company’s stock after selling 9,606 shares during the period. E. Ohman J or Asset Management AB’s holdings in Datadog were worth $6,405,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DDOG. Interchange Capital Partners LLC bought a new position in Datadog in the second quarter worth about $42,000. Ameritas Advisory Services LLC bought a new stake in shares of Datadog in the 2nd quarter valued at about $55,000. True Wealth Design LLC grew its position in shares of Datadog by 679.1% in the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $70,000 after buying an additional 455 shares during the last quarter. Center for Financial Planning Inc. grew its position in shares of Datadog by 42.0% in the 2nd quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock worth $71,000 after buying an additional 157 shares during the last quarter. Finally, Roble Belko & Company Inc raised its stake in shares of Datadog by 205.8% during the 2nd quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after acquiring an additional 354 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DDOG shares. Rosenblatt Securities raised their target price on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Barclays increased their price objective on Datadog from $170.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Raymond James Financial boosted their target price on Datadog from $170.00 to $205.00 in a research note on Thursday, November 6th. Jefferies Financial Group increased their price target on Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, BNP Paribas Exane raised their price target on Datadog from $160.00 to $210.00 in a report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.78.

Datadog Stock Up 0.2%

Datadog stock opened at $138.32 on Friday. The business’s 50-day simple moving average is $159.10 and its two-hundred day simple moving average is $146.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The company has a market cap of $48.50 billion, a PE ratio of 446.19, a PEG ratio of 30.21 and a beta of 1.23. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69.

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

Insiders Place Their Bets

In other news, COO Adam Blitzer sold 8,023 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $154.61, for a total value of $1,240,436.03. Following the sale, the chief operating officer owned 165,197 shares in the company, valued at $25,541,108.17. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Yanbing Li sold 6,715 shares of the firm’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the transaction, the insider directly owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. This trade represents a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,316,774 shares of company stock worth $233,101,958. Company insiders own 8.70% of the company’s stock.

Datadog Company Profile

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.