Jennison Associates LLC Sells 1,701,106 Shares of Datadog, Inc. $DDOG

Jennison Associates LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 22.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,922,887 shares of the company’s stock after selling 1,701,106 shares during the period. Jennison Associates LLC’s holdings in Datadog were worth $699,197,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in Datadog by 7.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock worth $1,961,496,000 after purchasing an additional 956,993 shares in the last quarter. State Street Corp increased its holdings in Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Geode Capital Management LLC raised its position in Datadog by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after purchasing an additional 197,816 shares in the last quarter. Invesco Ltd. raised its position in 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, Norges Bank purchased a new stake in shares of Datadog in the 4th quarter worth $469,461,000. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DDOG. BMO Capital Markets reissued an “outperform” rating and set a $260.00 price target on shares of Datadog in a research report on Friday, June 12th. Barclays lifted their price objective on Datadog from $215.00 to $260.00 and gave the company an “overweight” rating in a report on Wednesday, June 10th. Craig Hallum initiated coverage on shares of Datadog in a research note on Monday, June 15th. They issued a “buy” rating for the company. Stifel Nicolaus set a $305.00 target price on shares of Datadog in a report on Thursday, May 7th. Finally, Evercore raised their target price on shares of Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Datadog currently has an average rating of “Moderate Buy” and a consensus price target of $251.55.

Datadog Price Performance

Shares of DDOG opened at $258.69 on Friday. The company has a 50 day moving average of $236.67 and a two-hundred day moving average of $164.54. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70. The company has a market cap of $92.08 billion, a price-to-earnings ratio of 680.78, a price-to-earnings-growth ratio of 26.30 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.46 earnings per share. The business’s quarterly revenue 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, analysts predict that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO David M. Obstler sold 75,000 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $231.69, for a total transaction of $17,376,750.00. Following the transaction, the chief financial officer directly owned 434,591 shares of the company’s stock, valued at $100,690,388.79. This represents a 14.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $144,011,846.55. This trade represents a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders sold 1,459,533 shares of company stock worth $325,887,030 over the last quarter. Company insiders own 6.48% of the company’s stock.

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.