E. Ohman J or Asset Management AB Acquires 720 Shares of Datadog, Inc. $DDOG

E. Ohman J or Asset Management AB increased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 54,587 shares of the company’s stock after purchasing an additional 720 shares during the period. E. Ohman J or Asset Management AB’s holdings in Datadog were worth $7,333,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after purchasing an additional 22,646 shares during the period. Cornerstone Planning Group LLC boosted its holdings in shares of Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC bought a new stake in shares of Datadog during the first quarter worth approximately $30,000. Putney Financial Group LLC bought a new stake in shares of Datadog during the fourth quarter worth approximately $32,000. Finally, Elequin Capital LP bought a new stake in shares of Datadog during the fourth quarter worth approximately $34,000. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 100,754 shares of the business’s stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at $72,364,534.20. The trade was a 15.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Jacobson sold 575,863 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the transaction, the director owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,398,455 shares of company stock worth $183,338,025 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DDOG shares. Wolfe Research upgraded Datadog from a “peer perform” rating to an “outperform” rating and set a $150.00 price objective for the company in a report on Thursday, June 12th. Barclays set a $170.00 price objective on Datadog and gave the stock an “overweight” rating in a report on Thursday, August 7th. Guggenheim reiterated a “sell” rating and issued a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. Needham & Company LLC reiterated a “buy” rating and issued a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. Finally, Stifel Nicolaus lifted their price target on shares of Datadog from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Thursday, June 26th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $153.10.

Datadog Stock Down 1.9%

NASDAQ DDOG opened at $136.50 on Monday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a 50 day moving average of $137.36 and a 200-day moving average of $120.07. The company has a market cap of $47.60 billion, a price-to-earnings ratio of 390.01, a PEG ratio of 53.74 and a beta of 1.11.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period in the previous year, the business earned $0.43 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Datadog 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.