BI Asset Management Fondsmaeglerselskab A S Trims Stock Holdings in Datadog, Inc. $DDOG

BI Asset Management Fondsmaeglerselskab A S decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 79.5% during the first quarter, HoldingsChannel reports. The fund owned 11,080 shares of the company’s stock after selling 42,950 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Datadog were worth $1,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in DDOG. State Street Corp boosted its position in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after acquiring an additional 7,091,075 shares during the period. Norges Bank bought a new position in Datadog in the 4th quarter valued at $469,461,000. Jennison Associates LLC grew its position in shares of Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares in the last quarter. Invesco Ltd. grew its position in shares of Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Finally, Employees Provident Fund Board bought a new position in shares of Datadog in the fourth quarter worth $251,582,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of recent analyst reports. Oppenheimer increased their price objective on Datadog from $200.00 to $220.00 in a research report on Thursday, May 7th. Piper Sandler restated an “overweight” rating and set a $275.00 target price (up from $230.00) on shares of Datadog in a research report on Wednesday, June 10th. Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and upped their target price for the stock from $190.00 to $300.00 in a research note on Monday, June 15th. KeyCorp raised Datadog from an “overweight” rating to an “overweight” rating in a report on Monday, June 15th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $260.00 price target on shares of Datadog in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average target price of $241.30.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $271.05, for a total value of $14,612,847.60. Following the completion of the sale, the chief technology officer owned 531,311 shares in the company, valued at $144,011,846.55. The trade was a 9.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Dev Ittycheria sold 120,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total value of $29,853,600.00. Following the completion of the sale, the director directly owned 39,235 shares of the company’s stock, valued at approximately $9,760,883.30. This represents a 75.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,455,364 shares of company stock worth $306,341,930. 6.48% of the stock is currently owned by insiders.

Datadog Stock Up 0.9%

Shares of NASDAQ:DDOG opened at $222.65 on Thursday. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $278.70. The firm has a fifty day moving average of $196.02 and a 200 day moving average of $151.12. The firm has a market capitalization of $79.25 billion, a PE ratio of 585.94, a price-to-earnings-growth ratio of 23.26 and a beta of 1.56. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. During the same quarter last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, research analysts anticipate that Datadog, Inc. will post 0.62 EPS for the current fiscal year.

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.