Mackenzie Financial Corp Reduces Holdings in Datadog, Inc. $DDOG

Mackenzie Financial Corp lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 18.9% in the second quarter, HoldingsChannel.com reports. The firm owned 20,989 shares of the company’s stock after selling 4,904 shares during the quarter. Mackenzie Financial Corp’s holdings in Datadog were worth $2,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Datadog by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock worth $4,319,178,000 after purchasing an additional 740,457 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after purchasing an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Datadog by 23.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after buying an additional 1,261,065 shares during the last quarter. Geode Capital Management LLC increased its position in Datadog by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after buying an additional 242,273 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Datadog by 48.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,836,118 shares of the company’s stock valued at $281,371,000 after buying an additional 923,905 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

DDOG has been the topic of a number of recent research reports. Rosenblatt Securities increased their target price on Datadog from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Mizuho set a $215.00 price target on shares of Datadog in a research report on Friday, November 7th. Scotiabank upped their price objective on Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research report on Friday, November 7th. UBS Group increased their target price on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Guggenheim set a $105.00 price target on Datadog in a research note on Thursday, November 6th. Thirty-one research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $207.38.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 45,444 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the sale, the director directly owned 1,640 shares in the company, valued at $246,131.20. The trade was a 96.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 100,754 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $96,633,802.44. The trade was a 15.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,391,590 shares of company stock valued at $242,356,896. 8.70% of the stock is currently owned by company insiders.

Datadog Trading Down 1.8%

NASDAQ:DDOG opened at $153.00 on Friday. The company has a market cap of $53.65 billion, a PE ratio of 493.55, a price-to-earnings-growth ratio of 35.37 and a beta of 1.23. 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 50 day simple moving average of $162.51 and a two-hundred day simple moving average of $142.97. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company’s revenue was up 28.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

About Datadog

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.