DNB Asset Management AS Sells 621,348 Shares of Datadog, Inc. $DDOG

DNB Asset Management AS cut its position in Datadog, Inc. (NASDAQ:DDOG) by 38.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,007,552 shares of the company’s stock after selling 621,348 shares during the quarter. DNB Asset Management AS owned approximately 0.29% of Datadog worth $143,475,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC grew its position in shares of Datadog by 126.6% in the third quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. grew its holdings in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $27,000 after buying an additional 145 shares during the last quarter. Westside Investment Management Inc. increased its position in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after buying an additional 75 shares during the period. Tripletail Wealth Management LLC bought a new position in Datadog in the 3rd quarter worth approximately $28,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of Datadog during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Buying and Selling

In other Datadog news, COO Adam Blitzer sold 8,023 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 165,197 shares in the company, valued at $25,541,108.17. The trade was a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 43,106 shares of the company’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $126.79, for a total transaction of $5,465,409.74. Following the sale, the chief technology officer directly owned 490,798 shares in the company, valued at $62,228,278.42. This represents a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 337,291 shares of company stock worth $48,909,907 in the last three months. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on DDOG. Canaccord Genuity Group reaffirmed a “buy” rating on shares of Datadog in a research report on Wednesday, February 11th. Arete Research upped their price objective on shares of Datadog from $230.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Capital One Financial increased their target price on shares of Datadog from $156.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, January 21st. Finally, BNP Paribas Exane reduced their price objective on Datadog from $210.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Thirty-six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $179.62.

Datadog Stock Up 5.6%

NASDAQ DDOG opened at $116.46 on Friday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a market capitalization of $40.84 billion, a price-to-earnings ratio of 375.68, a PEG ratio of 30.33 and a beta of 1.27. The stock’s 50 day moving average is $126.81 and its two-hundred day moving average is $142.17. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.26.

Datadog (NASDAQ:DDOG) last posted its earnings results on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The business had revenue of $953.19 million during the quarter, compared to the consensus estimate of $916.53 million. During the same quarter last year, the company earned $0.49 EPS. Datadog’s revenue was up 29.2% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Equities analysts forecast that Datadog, Inc. will post 0.34 earnings per share 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.