Robeco Institutional Asset Management B.V. Cuts Stake in Datadog, Inc. $DDOG

Robeco Institutional Asset Management B.V. lessened its holdings in Datadog, Inc. (NASDAQ:DDOG) by 11.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,122 shares of the company’s stock after selling 11,899 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Datadog were worth $12,833,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DDOG. Tripletail Wealth Management LLC bought a new position in shares of Datadog during the third quarter valued at about $28,000. Interchange Capital Partners LLC purchased a new stake in Datadog during the 2nd quarter valued at about $42,000. SJS Investment Consulting Inc. boosted its holdings in Datadog by 3,181.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 361 shares of the company’s stock valued at $51,000 after acquiring an additional 350 shares during the period. Ameritas Advisory Services LLC bought a new position in Datadog during the 2nd quarter worth approximately $55,000. Finally, True Wealth Design LLC increased its stake in Datadog by 679.1% in the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock worth $70,000 after purchasing an additional 455 shares during the period. 78.29% of the stock is owned by institutional investors.

Insider Transactions at Datadog

In other 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 value of $80,699,477.60. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the sale, the chief technology officer directly owned 395,661 shares in the company, valued at approximately $78,336,921.39. The trade was a 11.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,091,237 shares of company stock valued at $195,954,762. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho set a $200.00 price objective on Datadog in a research note on Tuesday, December 16th. 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 report on Friday, November 7th. Bank of America raised their price target on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. Finally, Citigroup increased their target price on shares of Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Thirty-three 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.87.

Datadog Trading Down 7.6%

NASDAQ:DDOG opened at $130.68 on Friday. The company has a 50-day moving average price of $155.42 and a 200-day moving average price of $146.64. The stock has a market cap of $45.83 billion, a price-to-earnings ratio of 421.55, a P/E/G ratio of 26.22 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. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company 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 firm earned $0.46 earnings per share. Datadog’s revenue was up 28.4% on a year-over-year basis. 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 analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.