AMF Tjanstepension AB Sells 97,957 Shares of Datadog, Inc. $DDOG

AMF Tjanstepension AB trimmed its position in Datadog, Inc. (NASDAQ:DDOG) by 36.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 168,613 shares of the company’s stock after selling 97,957 shares during the period. AMF Tjanstepension AB’s holdings in Datadog were worth $24,010,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Tripletail Wealth Management LLC acquired a new position in Datadog in the 3rd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in shares of Datadog in the third quarter valued at approximately $40,000. Interchange Capital Partners LLC acquired a new position in shares of Datadog in the second quarter valued at approximately $42,000. Game Plan Financial Advisors LLC bought a new position in Datadog in the 3rd quarter valued at approximately $43,000. Finally, Cromwell Holdings LLC boosted its position in Datadog by 536.5% during the 3rd quarter. Cromwell Holdings LLC now owns 331 shares of the company’s stock worth $47,000 after buying an additional 279 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $130.13 on Friday. 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 firm has a fifty day simple moving average of $143.06 and a two-hundred day simple moving average of $145.54. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The firm has a market capitalization of $45.63 billion, a PE ratio of 419.77, a price-to-earnings-growth ratio of 23.51 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.55 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 the consensus estimate of $852.77 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s quarterly revenue 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. Analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the subject of several recent research reports. CIBC upgraded shares of Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target for the company in a research report on Friday, November 7th. Citigroup decreased their price objective on Datadog from $200.00 to $175.00 and set a “buy” rating for the company in a report on Friday, January 16th. Rosenblatt Securities raised their target price on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Stifel Nicolaus set a $160.00 price target on Datadog and gave the company a “buy” rating in a research report on Thursday. Finally, Morgan Stanley increased their price target on Datadog from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Thirty-four research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.95.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 43,106 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the completion of the sale, the chief technology officer directly owned 301,458 shares of the company’s stock, valued at approximately $40,374,269.94. This trade represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yanbing Li sold 6,715 shares of the business’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $1,064,999.00. Following the completion of the transaction, the insider directly owned 199,394 shares in the company, valued at approximately $31,623,888.40. This represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,071,709 shares of company stock worth $192,590,597. Company insiders own 8.70% of the company’s stock.

Datadog 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.