EFG Asset Management Americas Corp. Decreases Position in Datadog, Inc. $DDOG

EFG Asset Management Americas Corp. reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,499 shares of the company’s stock after selling 693 shares during the period. EFG Asset Management Americas Corp.’s holdings in Datadog were worth $2,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Datadog by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 32,153,489 shares of the company’s stock valued at $4,319,178,000 after buying an additional 740,457 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after purchasing an additional 1,369,522 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock worth $858,994,000 after buying an additional 6,250,942 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after buying an additional 1,261,065 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Datadog by 4.3% in the second quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock valued at $780,727,000 after acquiring an additional 242,273 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Matthew Jacobson sold 31,810 shares of Datadog stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $200.14, for a total transaction of $6,366,453.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, October 13th. The shares were sold at an average price of $162.58, for a total value of $1,286,983.28. Following the sale, the director owned 364,449 shares in the company, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,181,349 shares of company stock valued at $339,639,825. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Performance

Shares of DDOG stock opened at $176.31 on Thursday. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. The stock has a 50 day simple moving average of $157.96 and a 200-day simple moving average of $139.67. The company has a market cap of $61.83 billion, a price-to-earnings ratio of 568.74, a price-to-earnings-growth ratio of 40.05 and a beta of 1.20. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69.

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

Analyst Ratings Changes

A number of brokerages recently weighed in on DDOG. Cowen reiterated a “buy” rating on shares of Datadog in a research note on Thursday, November 6th. BMO Capital Markets upped their target price on shares of Datadog from $154.00 to $215.00 and gave the company an “outperform” rating in a 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 report on Friday, November 7th. Scotiabank boosted their price target on Datadog from $150.00 to $217.00 and gave the company a “sector outperform” rating in a research report on Friday, November 7th. Finally, KeyCorp raised Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective for the company in a research report on Friday, November 7th. Thirty-one investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.