CNB Bank Reduces Position in Datadog, Inc. $DDOG

CNB Bank lowered its stake in Datadog, Inc. (NASDAQ:DDOG) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,627 shares of the company’s stock after selling 217 shares during the period. CNB Bank’s holdings in Datadog were worth $487,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after acquiring an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC lifted 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 purchasing an additional 154 shares during the period. Costello Asset Management INC purchased a new stake in Datadog in the first quarter valued at approximately $30,000. Alpine Bank Wealth Management purchased a new position in Datadog during the 1st quarter worth approximately $39,000. Finally, Interchange Capital Partners LLC acquired a new stake in Datadog during the 2nd quarter valued at approximately $42,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $156.47 on Friday. The firm has a market cap of $54.57 billion, a PE ratio of 447.07, a PEG ratio of 61.27 and a beta of 1.21. The firm has a fifty day moving average of $143.14 and a 200 day moving average of $129.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08.

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

Analyst Ratings Changes

DDOG has been the topic of several recent research reports. BMO Capital Markets upped their price target on shares of Datadog from $150.00 to $154.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Scotiabank reaffirmed an “outperform” rating on shares of Datadog in a report on Friday, August 8th. DA Davidson boosted their price target on Datadog from $170.00 to $180.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an “overweight” rating in a research note on Thursday, August 7th. Finally, Monness Crespi & Hardt boosted their target price on shares of Datadog from $160.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Twenty-six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average target price of $163.97.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 63,939 shares of the company’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the sale, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This represents a 10.70% 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, Director Amit Agarwal sold 45,444 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the completion of the transaction, the director directly owned 1,640 shares in the company, valued at $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,502,427 shares of company stock worth $204,632,679 in the last quarter. 8.70% of the stock is owned by insiders.

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.