Generali Investments Towarzystwo Funduszy Inwestycyjnych Trims Holdings in Datadog, Inc. $DDOG

Generali Investments Towarzystwo Funduszy Inwestycyjnych reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 23.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 24,400 shares of the company’s stock after selling 7,600 shares during the period. Datadog accounts for approximately 1.8% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s investment portfolio, making the stock its 17th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Datadog were worth $3,475,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DDOG. Brighton Jones LLC purchased a new stake in shares of Datadog in the fourth quarter valued at about $209,000. Bison Wealth LLC acquired a new position in Datadog in the 4th quarter valued at about $228,000. Empowered Funds LLC boosted its holdings in Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after buying an additional 115 shares during the period. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter worth approximately $509,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on DDOG. Moffett Nathanson reiterated a “buy” rating on shares of Datadog in a report on Monday, December 29th. UBS Group lifted their target price on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Truist Financial lowered their price target on Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a report on Wednesday, January 7th. Citigroup cut their price objective on Datadog from $200.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Finally, Piper Sandler decreased their target price on shares of Datadog from $225.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Thirty-four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.95.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total transaction of $10,674,036.88. Following the sale, the chief technology officer owned 395,661 shares of the company’s stock, valued at approximately $78,336,921.39. This represents a 11.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Olivier Pomel sold 100,754 shares of Datadog stock in a transaction on Monday, November 17th. The shares were sold at an average price of $181.18, for a total value of $18,254,609.72. Following the completion of the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,071,709 shares of company stock worth $192,590,597 over the last 90 days. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of Datadog stock opened at $136.64 on Tuesday. The stock has a market capitalization of $47.92 billion, a price-to-earnings ratio of 440.77, a price-to-earnings-growth ratio of 23.21 and a beta of 1.26. 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 business has a 50-day moving average of $142.19 and a 200 day moving average of $145.55. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.10. The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The business’s quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the company 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, sell-side analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.