Datadog, Inc. $DDOG Stock Holdings Decreased by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 55.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,162 shares of the company’s stock after selling 3,861 shares during the quarter. DAVENPORT & Co LLC’s holdings in Datadog were worth $450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Datadog during the 2nd quarter valued at $347,728,000. Dragoneer Investment Group LLC boosted its position in shares of Datadog by 729.5% in the second quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after buying an additional 1,982,763 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of Datadog during the second quarter valued at $177,050,000. Alyeska Investment Group L.P. acquired a new position in Datadog during the first quarter valued at $112,593,000. Finally, Brown Advisory Inc. lifted its stake in Datadog by 23.3% in the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after acquiring an additional 1,130,675 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael James Callahan sold 91,667 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the sale, the director directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. The trade was a 88.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,229,862 shares of company stock worth $220,022,543. Insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DDOG shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, October 8th. DA Davidson raised their price target on shares of Datadog from $180.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. TD Cowen boosted their price objective on shares of Datadog from $180.00 to $235.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Royal Bank Of Canada increased their target price on shares of Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, BMO Capital Markets boosted their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Thirty-two investment 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $207.78.

Datadog Stock Performance

DDOG stock opened at $137.48 on Wednesday. The firm has a 50 day moving average of $158.35 and a two-hundred day moving average of $146.49. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The company has a market capitalization of $48.21 billion, a price-to-earnings ratio of 443.48, a P/E/G ratio of 30.13 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.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. Datadog’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.46 EPS. 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, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.