Datadog, Inc. $DDOG Shares Sold by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. cut its stake in Datadog, Inc. (NASDAQ:DDOG) by 4.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,499 shares of the company’s stock after selling 693 shares during the period. EFG Asset Management Americas Corp.’s holdings in Datadog were worth $2,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Motley Fool Asset Management LLC grew its holdings in shares of Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after purchasing an additional 22,818 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after buying an additional 58,369 shares during the period. Alta Advisers Ltd acquired a new stake in shares of Datadog during the 2nd quarter worth approximately $235,000. Mizuho Markets Americas LLC acquired a new stake in shares of Datadog during the 1st quarter worth approximately $15,526,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Datadog by 30.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,062 shares of the company’s stock valued at $3,232,000 after buying an additional 5,609 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Datadog from $165.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Truist Financial upped their target price on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Cowen reissued a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Robert W. Baird increased their price objective on shares of Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Needham & Company LLC upped their price target on Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Thirty-one equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.38.

Datadog Stock Performance

NASDAQ:DDOG opened at $176.31 on Thursday. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a fifty day simple moving average of $157.96 and a two-hundred day simple moving average of $139.67. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. The company has a market cap of $61.83 billion, a price-to-earnings ratio of 568.74, a price-to-earnings-growth ratio of 40.05 and a beta of 1.20.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The firm had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same period last year, the business posted $0.46 earnings per share. Datadog’s revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This represents a 15.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Matthew Jacobson sold 575,863 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the completion of the sale, the director owned 219,831 shares in the company, valued at $27,909,743.76. The trade was a 72.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,181,349 shares of company stock valued at $339,639,825. Corporate insiders own 8.70% of the company’s stock.

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.