National Pension Service Lowers Stake in Datadog, Inc. $DDOG

National Pension Service cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 9.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 417,966 shares of the company’s stock after selling 42,346 shares during the quarter. National Pension Service owned about 0.12% of Datadog worth $56,145,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. IMA Advisory Services Inc. lifted its position in Datadog by 1.3% in the 2nd quarter. IMA Advisory Services Inc. now owns 31,974 shares of the company’s stock valued at $4,295,000 after acquiring an additional 412 shares in the last quarter. STF Management LP raised its stake in shares of Datadog by 2.3% in the second quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after purchasing an additional 104 shares during the last quarter. Factory Mutual Insurance Co. lifted its holdings in shares of Datadog by 2.3% during the second quarter. Factory Mutual Insurance Co. now owns 155,941 shares of the company’s stock valued at $20,948,000 after purchasing an additional 3,446 shares in the last quarter. Vise Technologies Inc. purchased a new stake in shares of Datadog during the second quarter valued at $354,000. Finally, Allworth Financial LP increased its holdings in Datadog by 126.2% in the 2nd quarter. Allworth Financial LP now owns 2,140 shares of the company’s stock worth $287,000 after buying an additional 1,194 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Down 2.6%

Datadog stock opened at $185.97 on Friday. The firm has a market capitalization of $64.86 billion, a price-to-earnings ratio of 599.90, a P/E/G ratio of 55.35 and a beta of 1.20. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $154.65 and a 200 day moving average of $137.31. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69.

Datadog (NASDAQ:DDOG) last released its earnings results 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 net margin of 3.32% and a return on equity of 4.14%. The firm had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. During the same quarter in the previous year, the firm earned $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. Q4 2025 guidance at 0.54-0.56 EPS. As a group, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Transactions at Datadog

In related news, Director Matthew Jacobson sold 575,863 shares of the business’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the sale, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at $88,014,737.16. This trade represents a 10.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,979,841 shares of company stock valued at $303,130,605 in the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DDOG. Evercore ISI upped their target price on shares of Datadog from $170.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. Cowen reaffirmed a “buy” rating on shares of Datadog in a research report on Thursday, November 6th. Monness Crespi & Hardt increased their price target on Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Citigroup lifted their price objective on Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Truist Financial upped their price objective on Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $207.38.

Datadog Company Profile

Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility.