Baillie Gifford & Co. Lowers Position in Datadog, Inc. $DDOG

Baillie Gifford & Co. lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,413,479 shares of the company’s stock after selling 543,983 shares during the period. Datadog makes up approximately 1.2% of Baillie Gifford & Co.’s portfolio, making the stock its 18th biggest holding. Baillie Gifford & Co. owned approximately 3.27% of Datadog worth $1,625,279,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in DDOG. Tripletail Wealth Management LLC acquired a new stake in shares of Datadog during the 3rd quarter worth $28,000. Steigerwald Gordon & Koch Inc. purchased a new stake in Datadog during the third quarter valued at about $40,000. Interchange Capital Partners LLC purchased a new stake in Datadog during the second quarter valued at about $42,000. Game Plan Financial Advisors LLC acquired a new stake in Datadog during the third quarter worth about $43,000. Finally, Cromwell Holdings LLC raised its holdings in shares of Datadog by 536.5% in the 3rd quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock worth $47,000 after purchasing an additional 279 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In other Datadog news, Director Matthew Jacobson sold 404,306 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the sale, the director owned 12,859 shares in the company, valued at $2,566,656.40. This trade represents a 96.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of Datadog 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 sale, the chief executive officer owned 533,358 shares in the company, valued at $96,633,802.44. This represents a 15.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,071,709 shares of company stock valued at $192,590,597. Insiders own 8.70% of the company’s stock.

Datadog Price Performance

DDOG opened at $130.13 on Friday. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.71 and a beta of 1.26. 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 has a fifty day simple moving average of $143.06 and a 200 day simple moving average of $145.54.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 for 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%. The firm’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DDOG. Robert W. Baird boosted their target price on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Piper Sandler reduced their price target on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Truist Financial dropped their price objective on shares of Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. DA Davidson raised their target price on shares of Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group decreased their price target on shares of Datadog from $220.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Thirty-four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $192.95.

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.