Plato Investment Management Ltd Sells 1,893 Shares of Datadog, Inc. $DDOG

Plato Investment Management Ltd lessened its position in Datadog, Inc. (NASDAQ:DDOG) by 27.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,993 shares of the company’s stock after selling 1,893 shares during the period. Plato Investment Management Ltd’s holdings in Datadog were worth $501,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after acquiring an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC increased its position in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after acquiring an additional 154 shares in the last quarter. Costello Asset Management INC bought a new stake in shares of Datadog during the first quarter worth $30,000. Putney Financial Group LLC bought a new stake in shares of Datadog during the fourth quarter worth $32,000. Finally, Elequin Capital LP bought a new stake in shares of Datadog during the fourth quarter worth $34,000. Institutional investors own 78.29% of the company’s stock.

Insider Activity at Datadog

In other news, COO Adam Blitzer sold 7,950 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total transaction of $1,050,433.50. Following the completion of the sale, the chief operating officer owned 181,728 shares in the company, valued at approximately $24,011,720.64. This trade represents a 4.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Kerry Acocella sold 5,142 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $688,256.70. Following the sale, the general counsel owned 97,377 shares of the company’s stock, valued at approximately $13,033,911.45. This represents a 5.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,406,371 shares of company stock worth $184,294,753 in the last quarter. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DDOG has been the subject of several research reports. Wolfe Research raised shares of Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a research report on Thursday, June 12th. UBS Group set a $165.00 price objective on shares of Datadog and gave the stock a “buy” rating in a research report on Thursday, August 7th. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Guggenheim restated a “sell” rating and set a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Finally, Mizuho increased their target price on shares of Datadog from $145.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Twenty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $153.10.

Datadog Stock Performance

Shares of DDOG stock opened at $139.15 on Friday. The stock has a market cap of $48.53 billion, a P/E ratio of 397.58, a P/E/G ratio of 54.78 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a fifty day moving average price of $137.74 and a two-hundred day moving average price of $119.84. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the company 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. As a group, equities analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

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.