Mitsubishi UFJ Trust & Banking Corp Sells 37,030 Shares of Datadog, Inc. $DDOG

Mitsubishi UFJ Trust & Banking Corp decreased its position in Datadog, Inc. (NASDAQ:DDOG) by 7.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 453,085 shares of the company’s stock after selling 37,030 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Datadog were worth $60,863,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in shares of Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Costello Asset Management INC bought a new position in shares of Datadog in the first quarter valued at approximately $30,000. Interchange Capital Partners LLC acquired a new position in shares of Datadog in the 2nd quarter worth approximately $42,000. Ameritas Advisory Services LLC bought a new stake in Datadog during the 2nd quarter worth approximately $55,000. Finally, True Wealth Design LLC increased its holdings in Datadog by 679.1% during the 2nd quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after purchasing an additional 455 shares in the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total value of $10,551,213.78. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $88,014,737.16. The trade was a 10.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Matthew Jacobson sold 575,863 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following 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. Insiders sold 1,489,813 shares of company stock valued at $205,390,637 in the last quarter. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Sanford C. Bernstein upped their price target on shares of Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Evercore ISI lifted their price target on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Rosenblatt Securities raised their price objective 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. The Goldman Sachs Group upped their target price on shares of Datadog from $165.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Thirty-one research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.38.

Datadog Stock Down 3.5%

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

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. 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 EPS for the current fiscal year.

Datadog 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.