Datadog, Inc. $DDOG Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,249,294 shares of the company’s stock after selling 407,085 shares during the period. Massachusetts Financial Services Co. MA owned about 1.23% of Datadog worth $570,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Costello Asset Management INC acquired a new stake in Datadog during the 1st quarter worth about $30,000. Interchange Capital Partners LLC acquired a new position in shares of Datadog in the second quarter worth about $42,000. Ameritas Advisory Services LLC purchased a new position in shares of Datadog in the second quarter worth approximately $55,000. True Wealth Design LLC raised its holdings in shares of 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 acquiring an additional 455 shares during the period. Finally, Roble Belko & Company Inc raised its holdings 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 acquiring an additional 354 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Down 0.5%

NASDAQ DDOG opened at $185.01 on Friday. The company has a current ratio of 3.66, a quick ratio of 3.43 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The firm’s fifty day simple moving average is $155.62 and its 200-day simple moving average is $138.14. The company has a market capitalization of $64.88 billion, a PE ratio of 596.81, a price-to-earnings-growth ratio of 42.00 and a beta of 1.20.

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

Insiders Place Their Bets

In other Datadog news, Director Michael James Callahan sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $187.47, for a total value of $2,343,375.00. Following the completion of the sale, the director directly owned 12,496 shares of the company’s stock, valued at $2,342,625.12. The trade was a 50.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 62,682 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $163.90, for a total transaction of $10,273,579.80. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at approximately $87,417,376.20. This trade represents a 10.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,979,841 shares of company stock worth $303,130,605 in the last quarter. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DDOG shares. Macquarie raised their price objective on shares of Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Wells Fargo & Company increased their target price on Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Cantor Fitzgerald raised their target price on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. CIBC raised Datadog from a “neutral” rating to a “sector outperform” rating and set a $240.00 price target on the stock in a research report on Friday, November 7th. Finally, Truist Financial increased their price objective on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Thirty-one 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $207.38.

Datadog Company 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.