Prime Capital Investment Advisors LLC Sells 971 Shares of Datadog, Inc. $DDOG

Prime Capital Investment Advisors LLC reduced its holdings in Datadog, Inc. (NASDAQ:DDOG) by 22.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,415 shares of the company’s stock after selling 971 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Datadog were worth $459,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Motley Fool Asset Management LLC boosted its holdings in Datadog by 149.0% in the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company’s stock valued at $3,783,000 after acquiring an additional 22,818 shares in the last quarter. LBP AM SA boosted its stake in shares of Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company’s stock valued at $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Datadog by 24.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company’s stock valued at $78,112,000 after purchasing an additional 156,152 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Datadog by 178.6% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company’s stock valued at $9,032,000 after purchasing an additional 58,369 shares in the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in Datadog during the 1st quarter valued at approximately $15,526,000. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DDOG. Cantor Fitzgerald lifted their price objective on Datadog from $171.00 to $179.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Citigroup lifted their price target on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, August 18th. Guggenheim restated a “sell” rating and set a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Monness Crespi & Hardt boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Finally, Sanford C. Bernstein boosted their target price on shares of Datadog from $147.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Twenty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $158.46.

Datadog Trading Down 3.2%

Datadog stock opened at $158.74 on Friday. 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 business’s fifty day simple moving average is $138.06 and its two-hundred day simple moving average is $125.22. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a market capitalization of $55.36 billion, a price-to-earnings ratio of 453.56, a price-to-earnings-growth ratio of 64.19 and a beta of 1.21.

Datadog (NASDAQ:DDOG) last announced 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 company had revenue of $826.76 million for 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%. Datadog’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. 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 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $88,014,737.16. This represents a 10.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Matthew Jacobson sold 575,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the transaction, the director directly owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,565,843 shares of company stock valued at $212,946,080. 8.70% of the stock is currently owned by insiders.

About Datadog

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.