DAVENPORT & Co LLC Sells 3,861 Shares of Datadog, Inc. $DDOG

DAVENPORT & Co LLC cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 55.0% in the third quarter, Holdings Channel reports. The institutional investor owned 3,162 shares of the company’s stock after selling 3,861 shares during the quarter. DAVENPORT & Co LLC’s holdings in Datadog were worth $450,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In related news, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the completion of the sale, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at $96,633,802.44. This trade represents a 15.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Jacobson sold 404,306 shares of Datadog stock in a transaction on Monday, November 10th. The shares were sold at an average price of $199.60, for a total value of $80,699,477.60. Following the completion of the transaction, the director owned 12,859 shares of the company’s stock, valued at approximately $2,566,656.40. The trade was a 96.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,229,862 shares of company stock valued at $220,022,543 over the last quarter. 8.70% of the stock is owned by insiders.

Datadog Stock Down 0.3%

Shares of NASDAQ:DDOG opened at $137.48 on Wednesday. The company’s fifty day moving average is $158.35 and its 200-day moving average is $146.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $201.69. The company has a market capitalization of $48.21 billion, a PE ratio of 443.48, a P/E/G ratio of 30.13 and a beta of 1.23.

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

Analysts Set New Price Targets

DDOG has been the topic of several research reports. The Goldman Sachs Group boosted their price target on Datadog from $165.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. raised their target price on Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Needham & Company LLC lifted their price target on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 6th. Scotiabank boosted their price target on shares of Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a report on Friday, November 7th. Finally, TD Cowen raised their price objective on shares of Datadog from $180.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Thirty-two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.78.

Datadog 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.