E. Ohman J or Asset Management AB Trims Stake in Datadog, Inc. $DDOG

E. Ohman J or Asset Management AB cut its stake in Datadog, Inc. (NASDAQ:DDOG) by 17.6% in the third quarter, HoldingsChannel reports. The fund owned 44,981 shares of the company’s stock after selling 9,606 shares during the period. E. Ohman J or Asset Management AB’s holdings in Datadog were worth $6,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Interchange Capital Partners LLC purchased a new position in shares of Datadog during the 2nd quarter valued at approximately $42,000. Ameritas Advisory Services LLC acquired a new stake in Datadog during the second quarter valued at $55,000. True Wealth Design LLC grew its position in Datadog by 679.1% during the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after buying an additional 455 shares during the period. Center for Financial Planning Inc. increased its holdings in Datadog by 42.0% in the second quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock valued at $71,000 after buying an additional 157 shares in the last quarter. Finally, Roble Belko & Company Inc raised its position in shares of Datadog by 205.8% in the second quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Yanbing Li sold 6,715 shares of the company’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the completion of the sale, the insider owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. This represents a 3.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Adam Blitzer sold 8,023 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $154.61, for a total transaction of $1,240,436.03. Following the completion of the sale, the chief operating officer owned 165,197 shares of the company’s stock, valued at approximately $25,541,108.17. The trade was a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,316,774 shares of company stock valued at $233,101,958. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Performance

NASDAQ DDOG opened at $138.32 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock’s 50 day simple moving average is $159.10 and its 200-day simple moving average is $146.07. The company has a market cap of $48.50 billion, a PE ratio of 446.19, a price-to-earnings-growth ratio of 30.21 and a beta of 1.23. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DDOG shares. Canaccord Genuity Group dropped their target price on Datadog from $225.00 to $210.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Oppenheimer increased their price target on Datadog from $165.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Macquarie boosted their price objective on Datadog from $175.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, November 7th. Cowen reaffirmed a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. Finally, BMO Capital Markets lifted their price target on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $207.78.

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.