Tobam Sells 894 Shares of Datadog, Inc. $DDOG

Tobam trimmed its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 16.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,613 shares of the company’s stock after selling 894 shares during the period. Tobam’s holdings in Datadog were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DDOG. Brighton Jones LLC bought a new stake in Datadog during the 4th quarter worth approximately $209,000. Bison Wealth LLC bought a new position in shares of Datadog during the 4th quarter valued at approximately $228,000. Cerity Partners LLC raised its position in Datadog by 128.5% in the 1st quarter. Cerity Partners LLC now owns 90,736 shares of the company’s stock worth $9,002,000 after purchasing an additional 51,032 shares during the period. Ballentine Partners LLC increased its stake in Datadog by 10.3% in the first quarter. Ballentine Partners LLC now owns 3,421 shares of the company’s stock worth $339,000 after purchasing an additional 319 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in Datadog by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 23,200 shares of the company’s stock valued at $2,302,000 after buying an additional 300 shares during the period. Institutional investors own 78.29% of the company’s stock.

Datadog Trading Down 0.9%

NASDAQ:DDOG opened at $197.86 on Wednesday. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $201.69. The stock has a market capitalization of $69.00 billion, a price-to-earnings ratio of 638.26, a PEG ratio of 56.96 and a beta of 1.20. The stock has a fifty day moving average price of $152.40 and a two-hundred day moving average price of $136.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. During the same period in the previous year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 28.4% compared to the same quarter last year. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 7,916 shares of Datadog stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the completion of the transaction, the director owned 364,449 shares in the company, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael James Callahan sold 12,500 shares of Datadog stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $187.47, for a total transaction of $2,343,375.00. Following the completion of the sale, the director owned 12,496 shares in the company, valued at approximately $2,342,625.12. This represents a 50.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,489,813 shares of company stock worth $205,390,637. 8.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Mizuho set a $215.00 price objective on shares of Datadog in a research note on Friday. Guggenheim set a $105.00 price objective on shares of Datadog in a research note on Thursday, November 6th. Royal Bank Of Canada lifted their price objective on shares of Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Needham & Company LLC increased their price objective on Datadog from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 6th. Finally, Macquarie upped their target price on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Thirty analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.92.

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.