Ramirez Asset Management Inc. Reduces Position in Datadog, Inc. $DDOG

Ramirez Asset Management Inc. lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 12.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,100 shares of the company’s stock after selling 150 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Datadog were worth $148,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Costello Asset Management INC bought a new stake in shares of Datadog during the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock valued at $30,000 after acquiring an additional 154 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Datadog during the first quarter valued at approximately $37,000. Center for Financial Planning Inc. raised its stake in shares of Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after acquiring an additional 345 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of Datadog during the first quarter valued at approximately $39,000. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $157.60, for a total transaction of $14,446,719.20. Following the sale, the director directly owned 12,496 shares of the company’s stock, valued at $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $88,014,737.16. The trade was a 10.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,565,843 shares of company stock valued at $212,946,080 over the last three months. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Performance

Shares of DDOG stock opened at $164.07 on Friday. The business’s fifty day simple moving average is $137.59 and its 200-day simple moving average is $124.89. The company has a market cap of $57.22 billion, a PE ratio of 468.78, a PEG ratio of 64.21 and a beta of 1.21. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

DDOG has been the subject of several research analyst reports. Barclays set a $170.00 price target on shares of Datadog and gave the company an “overweight” rating in a research note on Thursday, August 7th. Cantor Fitzgerald boosted their price objective on shares of Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Bank of America boosted their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Stifel Nicolaus boosted their price objective on shares of Datadog from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Thursday, June 26th. Finally, DA Davidson boosted their price objective on shares of Datadog from $170.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Twenty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.46.

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.