Datadog, Inc. $DDOG Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 39.6% in the 2nd quarter, Holdings Channel reports. The fund owned 246,851 shares of the company’s stock after selling 162,047 shares during the quarter. Datadog accounts for 1.3% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 27th largest holding. Fullerton Fund Management Co Ltd.’s holdings in Datadog were worth $33,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DDOG. Brighton Jones LLC acquired a new position in shares of Datadog during the 4th quarter worth approximately $209,000. Bison Wealth LLC purchased a new position in Datadog during the fourth quarter worth approximately $228,000. HighTower Advisors LLC boosted its stake in Datadog by 5.7% during the first quarter. HighTower Advisors LLC now owns 46,662 shares of the company’s stock worth $4,629,000 after buying an additional 2,506 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in Datadog by 3.4% during the first quarter. Resona Asset Management Co. Ltd. now owns 86,646 shares of the company’s stock worth $8,622,000 after buying an additional 2,843 shares during the last quarter. Finally, National Pension Service grew its holdings in Datadog by 11.5% in the 1st quarter. National Pension Service now owns 460,312 shares of the company’s stock valued at $45,668,000 after buying an additional 47,334 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG opened at $146.00 on Friday. The firm has a 50-day simple moving average of $162.96 and a two-hundred day simple moving average of $144.46. The stock has a market cap of $51.20 billion, a PE ratio of 470.97, a P/E/G ratio of 32.74 and a beta of 1.23. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share 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 firm had revenue of $885.65 million during the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter last year, the company posted $0.46 EPS. The firm’s quarterly 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. As a group, analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, Director Matthew Jacobson sold 404,306 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the transaction, the director owned 12,859 shares of the company’s stock, valued at approximately $2,566,656.40. This represents a 96.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the transaction, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,404,663 shares of company stock valued at $245,102,405. Corporate insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DDOG shares. BMO Capital Markets lifted their price target on Datadog from $154.00 to $215.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Bank of America raised their price objective on shares of Datadog from $180.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Robert W. Baird boosted their target price on shares of Datadog from $165.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Rosenblatt Securities increased their price target on shares of Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Scotiabank lifted their price target on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research report on Friday, November 7th. Thirty-two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $208.76.

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.