Metis Global Partners LLC Cuts Stock Holdings in Datadog, Inc. $DDOG

Metis Global Partners LLC cut its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 31.1% during the 2nd quarter, Holdings Channel reports. The firm owned 3,444 shares of the company’s stock after selling 1,554 shares during the quarter. Metis Global Partners LLC’s holdings in Datadog were worth $463,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DDOG. V Square Quantitative Management LLC grew its position in Datadog by 13.8% during the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after buying an additional 73 shares during the period. Biltmore Wealth Management LLC raised its holdings in Datadog by 1.5% during the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock valued at $769,000 after acquiring an additional 86 shares during the period. Covestor Ltd boosted its position in shares of Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company’s stock valued at $138,000 after acquiring an additional 113 shares during the period. First Citizens Bank & Trust Co. boosted its stake in Datadog by 0.3% during the second quarter. First Citizens Bank & Trust Co. now owns 40,725 shares of the company’s stock valued at $5,471,000 after buying an additional 113 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after buying an additional 115 shares during the last quarter. Institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

NASDAQ DDOG opened at $190.89 on Thursday. The business’s fifty day moving average price is $153.56 and its 200-day moving average price is $136.97. The stock has a market capitalization of $66.57 billion, a price-to-earnings ratio of 615.77, a PEG ratio of 56.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.43. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 return on equity of 4.14% and a net margin of 3.32%.The company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the company 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. On average, equities analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. KeyCorp raised Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price target for the company in a research note on Friday, November 7th. Wells Fargo & Company increased their price target on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Capital One Financial increased their price objective on Datadog from $149.00 to $179.00 in a report on Thursday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of Datadog from $140.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Finally, Citigroup increased their target price on Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. Thirty-one analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.38.

Insider Transactions at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction that occurred 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 directly owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 63,939 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the transaction, the chief executive officer owned 533,358 shares in the company, valued at $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,489,813 shares of company stock worth $205,390,637. 8.70% of the stock is currently owned by corporate insiders.

Datadog Company Profile

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.