AMF Tjanstepension AB Sells 49,071 Shares of Datadog, Inc. $DDOG

AMF Tjanstepension AB decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 15.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 266,570 shares of the company’s stock after selling 49,071 shares during the period. AMF Tjanstepension AB’s holdings in Datadog were worth $35,808,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Costello Asset Management INC purchased a new stake in Datadog in the first quarter worth $30,000. Cornerstone Planning Group LLC lifted its position in 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 buying an additional 154 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Datadog during the 1st quarter valued at $37,000. Center for Financial Planning Inc. grew its position in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after buying an additional 345 shares during the period. Finally, Alpine Bank Wealth Management bought a new position in shares of Datadog in the 1st quarter worth about $39,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Datadog from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Scotiabank reissued an “outperform” rating on shares of Datadog in a research report on Friday, August 8th. Cantor Fitzgerald upped their price target on Datadog from $171.00 to $179.00 and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Canaccord Genuity Group lifted their price objective on Datadog from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Datadog in a research note on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.69.

Insider Activity

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the sale, the director directly owned 372,365 shares in the company, valued at $51,304,449.70. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Adam Blitzer sold 7,950 shares of the stock in a transaction that occurred on 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 transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,384,618 shares of company stock worth $183,444,843. 8.70% of the stock is owned by corporate insiders.

Datadog Stock Up 0.2%

Datadog stock opened at $151.82 on Friday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The stock has a fifty day simple moving average of $136.59 and a two-hundred day simple moving average of $123.39. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market cap of $52.95 billion, a price-to-earnings ratio of 433.78, a PEG ratio of 59.30 and a beta of 1.21.

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