Sequoia Financial Advisors LLC Sells 4,074 Shares of Datadog, Inc. $DDOG

Sequoia Financial Advisors LLC trimmed its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 48.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,259 shares of the company’s stock after selling 4,074 shares during the period. Sequoia Financial Advisors LLC’s holdings in Datadog were worth $606,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Datadog in the 4th quarter valued at about $209,000. Bison Wealth LLC acquired a new position in shares of Datadog during the fourth quarter worth about $228,000. Empowered Funds LLC grew its holdings in shares of Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after buying an additional 672 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in Datadog in the 2nd quarter valued at approximately $509,000. 78.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Yanbing Li sold 6,715 shares of Datadog stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the completion of the transaction, the insider owned 199,394 shares in the company, valued at approximately $31,623,888.40. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Shardul Shah sold 7,916 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total value of $988,629.24. Following the completion of the sale, the director owned 340,701 shares in the company, valued at $42,550,147.89. This represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,071,709 shares of company stock worth $192,590,597 in the last three months. Insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DDOG. Canaccord Genuity Group reduced their price target on Datadog from $225.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Jefferies Financial Group cut their price objective on shares of Datadog from $220.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 target price for the company in a report on Friday, November 7th. Citigroup decreased their target price on shares of Datadog from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Datadog in a research report on Wednesday. Thirty-four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.95.

Datadog Price Performance

Shares of DDOG opened at $130.13 on Monday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $143.06 and its 200 day simple moving average is $145.56. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.21 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue for the quarter 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, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.