Sands Capital Management LLC Sells 877,335 Shares of Datadog, Inc. $DDOG

Sands Capital Management LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 31.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,894,680 shares of the company’s stock after selling 877,335 shares during the period. Sands Capital Management LLC owned 0.54% of Datadog worth $269,802,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in DDOG. Mackenzie Financial Corp lifted its position in shares of Datadog by 139.5% in the third quarter. Mackenzie Financial Corp now owns 50,272 shares of the company’s stock worth $7,159,000 after buying an additional 29,283 shares in the last quarter. Bank of Montreal Can increased its position in Datadog by 121.6% in the third quarter. Bank of Montreal Can now owns 274,837 shares of the company’s stock worth $39,137,000 after purchasing an additional 150,841 shares during the last quarter. Legal & General Group Plc lifted its position in Datadog by 12.3% during the third quarter. Legal & General Group Plc now owns 1,975,753 shares of the company’s stock valued at $281,347,000 after purchasing an additional 215,749 shares during the last quarter. Banque Cantonale Vaudoise lifted its position in Datadog by 77.0% during the third quarter. Banque Cantonale Vaudoise now owns 11,739 shares of the company’s stock valued at $1,672,000 after purchasing an additional 5,108 shares during the last quarter. Finally, Vestcor Inc grew its stake in shares of Datadog by 410.6% in the 3rd quarter. Vestcor Inc now owns 31,088 shares of the company’s stock worth $4,427,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 4.3%

NASDAQ DDOG opened at $123.08 on Wednesday. The stock has a market cap of $43.40 billion, a PE ratio of 397.03, a PEG ratio of 35.34 and a beta of 1.31. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The company’s 50-day moving average price is $123.60 and its 200-day moving average price is $141.84. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.26.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $953.19 million during the quarter, compared to analyst estimates of $916.53 million. Datadog had a net margin of 3.14% and a return on equity of 4.14%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter last year, the business posted $0.49 EPS. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $124.89, for a total transaction of $988,629.24. Following the completion of the sale, the director owned 340,701 shares of the company’s stock, valued at approximately $42,550,147.89. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Olivier Pomel sold 68,922 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $110.54, for a total value of $7,618,637.88. Following the completion of the transaction, the chief executive officer directly owned 704,821 shares in the company, valued at approximately $77,910,913.34. This trade represents a 8.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 292,622 shares of company stock valued at $36,347,847. Corporate insiders own 6.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BNP Paribas Exane decreased their target price on shares of Datadog from $210.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. UBS Group set a $195.00 price target on Datadog in a research report on Monday, February 9th. Wolfe Research decreased their price objective on Datadog from $185.00 to $160.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 10th. The Goldman Sachs Group began coverage on Datadog in a report on Monday, January 12th. They issued a “sell” rating and a $113.00 target price for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, January 21st. Thirty-six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $179.62.

About Datadog

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.