Datadog, Inc. $DDOG Stock Holdings Trimmed by Jennison Associates LLC

Jennison Associates LLC lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 4.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,306,999 shares of the company’s stock after selling 238,011 shares during the quarter. Jennison Associates LLC’s holdings in Datadog were worth $755,717,000 as of its most recent SEC filing.

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

Datadog Trading Down 0.9%

NASDAQ:DDOG opened at $130.13 on Friday. The stock has a fifty day simple moving average of $143.06 and a 200 day simple moving average of $145.54. The firm has a market capitalization of $45.63 billion, a price-to-earnings ratio of 419.77, a price-to-earnings-growth ratio of 23.71 and a beta of 1.26. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29.

Datadog (NASDAQ:DDOG) last announced 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 company had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same period last year, the company posted $0.46 earnings per share. The business’s revenue for the quarter 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. Sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BNP Paribas Exane cut their target price on Datadog from $210.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. CIBC upgraded Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price objective for the company in a report on Friday, November 7th. Citigroup lowered their target price on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Cantor Fitzgerald boosted their price target on shares of Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Piper Sandler reduced their price objective on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Thirty-four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.95.

Insiders Place Their Bets

In other Datadog news, Director Matthew Jacobson sold 404,306 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the sale, the director directly owned 12,859 shares of the company’s stock, valued at $2,566,656.40. The trade was a 96.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,071,709 shares of company stock worth $192,590,597. Corporate 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.