SBI Securities Co. Ltd. Sells 26,199 Shares of Datadog, Inc. $DDOG

SBI Securities Co. Ltd. lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 72.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,837 shares of the company’s stock after selling 26,199 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Datadog were worth $1,321,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its stake in Datadog by 13.8% in the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after purchasing an additional 73 shares during the last quarter. Biltmore Wealth Management LLC boosted its holdings in Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock worth $769,000 after buying an additional 86 shares during the period. STF Management LP boosted its holdings in shares of Datadog by 2.3% in the second quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after acquiring an additional 104 shares during the period. Covestor Ltd grew its position in shares of Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company’s stock valued at $138,000 after purchasing an additional 113 shares in the last quarter. Finally, First Citizens Bank & Trust Co. raised its stake in shares of Datadog by 0.3% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 40,725 shares of the company’s stock valued at $5,471,000 after purchasing an additional 113 shares during the period. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on DDOG shares. Truist Financial boosted their price objective on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, November 7th. Mizuho set a $215.00 price objective on shares of Datadog in a research report on Friday, November 7th. Royal Bank Of Canada increased their target price on Datadog from $182.00 to $216.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Evercore ISI boosted their target price on Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Finally, Citigroup lifted their price target on shares of Datadog from $170.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Thirty-one investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $207.38.

Datadog Stock Down 2.6%

NASDAQ:DDOG opened at $185.97 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.43 and a current ratio of 3.66. The firm has a market cap of $64.86 billion, a P/E ratio of 599.90, a P/E/G ratio of 55.35 and a beta of 1.20. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The firm has a 50-day simple moving average of $154.65 and a two-hundred day simple moving average of $137.31.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.55 earnings per share 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 company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same period in the previous year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. Analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Matthew Jacobson sold 31,810 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $200.14, for a total value of $6,366,453.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Olivier Pomel sold 62,682 shares of Datadog stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the transaction, the chief executive officer directly owned 533,358 shares in the company, valued at $87,417,376.20. This represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,979,841 shares of company stock valued at $303,130,605 over the last ninety days. 8.70% of the stock is owned by insiders.

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.