Hsbc Holdings PLC cut its stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 584,001 shares of the company’s stock after selling 18,896 shares during the quarter. Hsbc Holdings PLC’s holdings in Datadog were worth $79,527,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently made changes to their positions in DDOG. State Street Corp lifted its position in Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Norges Bank bought a new stake in Datadog in the 4th quarter worth approximately $469,461,000. Jennison Associates LLC grew its position in Datadog by 43.7% in the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Invesco Ltd. grew its position in Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after purchasing an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board purchased a new stake in Datadog during the 4th quarter valued at $251,582,000. 78.29% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total value of $29,853,600.00. Following the transaction, the director directly owned 39,235 shares in the company, valued at $9,760,883.30. The trade was a 75.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $271.05, for a total value of $14,612,847.60. Following the completion of the transaction, the chief technology officer directly owned 531,311 shares of the company’s stock, valued at approximately $144,011,846.55. This trade represents a 9.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 1,467,864 shares of company stock worth $311,427,105 in the last three months. Corporate insiders own 6.48% of the company’s stock.
Datadog Price Performance
Datadog (NASDAQ:DDOG – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company’s revenue was up 32.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.46 earnings per share. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, equities research analysts forecast that Datadog, Inc. will post 0.64 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently weighed in on DDOG. Benchmark increased their price target on Datadog from $260.00 to $330.00 and gave the company a “buy” rating in a report on Thursday. Wedbush initiated coverage on Datadog in a report on Monday, June 15th. They issued a “neutral” rating for the company. Jefferies Financial Group upgraded Datadog from a “buy” rating to a “buy” rating in a research report on Monday, June 15th. Scotiabank increased their target price on Datadog from $225.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Finally, Guggenheim raised their target price on Datadog from $175.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $243.68.
Get Our Latest Analysis on DDOG
Datadog Company Profile
Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.
The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.
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