Burney Co. Reduces Stake in Datadog, Inc. $DDOG

Burney Co. lowered its position in Datadog, Inc. (NASDAQ:DDOG) by 70.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,141 shares of the company’s stock after selling 12,110 shares during the period. Burney Co.’s holdings in Datadog were worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Datadog during the 4th quarter valued at about $209,000. Bison Wealth LLC purchased a new position in shares of Datadog in the fourth quarter worth approximately $228,000. MetLife Investment Management LLC grew its position in Datadog by 1.4% during the first quarter. MetLife Investment Management LLC now owns 18,691 shares of the company’s stock valued at $1,854,000 after buying an additional 264 shares during the period. State of Wyoming increased its holdings in Datadog by 51.8% during the first quarter. State of Wyoming now owns 4,975 shares of the company’s stock valued at $494,000 after buying an additional 1,698 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in Datadog by 76.5% during the first quarter. Canada Pension Plan Investment Board now owns 275,341 shares of the company’s stock valued at $27,317,000 after buying an additional 119,380 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 11,195 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $137.93, for a total transaction of $1,544,126.35. Following the completion of the transaction, the chief executive officer directly owned 518,133 shares of the company’s stock, valued at approximately $71,466,084.69. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction on Monday, December 8th. The shares were sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the completion of the sale, the chief technology officer owned 295,448 shares in the company, valued at approximately $45,513,764.40. This represents a 15.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,316,774 shares of company stock worth $233,101,958. Insiders own 8.70% of the company’s stock.

Datadog Price Performance

Shares of Datadog stock opened at $138.32 on Monday. The company has a market capitalization of $48.50 billion, a price-to-earnings ratio of 446.19, a PEG ratio of 30.21 and a beta of 1.23. 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’s 50-day simple moving average is $159.10 and its 200-day simple moving average is $146.27. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69.

Datadog (NASDAQ:DDOG) last released 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 analysts’ expectations of $852.77 million. During the same quarter last year, the business posted $0.46 earnings per share. The firm’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. As a group, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. UBS Group lifted their target price on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Citigroup boosted their price target on Datadog from $170.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Robert W. Baird raised their price objective on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, TD Cowen boosted their price objective on Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.78.

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.