Allianz Asset Management GmbH Sells 265,464 Shares of Datadog, Inc. $DDOG

Allianz Asset Management GmbH decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 32.4% during the third quarter, HoldingsChannel reports. The fund owned 554,446 shares of the company’s stock after selling 265,464 shares during the quarter. Allianz Asset Management GmbH’s holdings in Datadog were worth $78,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DDOG. Tripletail Wealth Management LLC bought a new stake in shares of Datadog during the 3rd quarter valued at $28,000. Hazlett Burt & Watson Inc. bought a new position in Datadog in the 3rd quarter worth about $28,000. Steigerwald Gordon & Koch Inc. purchased a new position in Datadog during the 3rd quarter valued at about $40,000. Interchange Capital Partners LLC bought a new stake in shares of Datadog during the second quarter valued at about $42,000. Finally, Game Plan Financial Advisors LLC bought a new stake in shares of Datadog during the third quarter valued at about $43,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Datadog from $140.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Stifel Nicolaus set a $160.00 price target on shares of Datadog and gave the company a “buy” rating in a report on Thursday, January 22nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a report on Wednesday, January 21st. Wolfe Research lowered their price objective on Datadog from $240.00 to $185.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research note on Wednesday, January 21st. Thirty-five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $189.36.

Datadog Price Performance

Shares of Datadog stock opened at $119.66 on Wednesday. The company has a fifty day moving average of $138.14 and a 200-day moving average of $145.13. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $201.69. The stock has a market capitalization of $41.96 billion, a price-to-earnings ratio of 386.00, a price-to-earnings-growth ratio of 23.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 earnings per share 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 company had revenue of $885.65 million during the quarter, compared to analyst estimates of $852.77 million. During the same quarter in the previous year, the company posted $0.46 EPS. Datadog’s revenue for the quarter was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling at Datadog

In related news, Director Matthew Jacobson sold 404,306 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $199.60, for a total transaction of $80,699,477.60. Following the completion of the transaction, the director owned 12,859 shares in the company, valued at $2,566,656.40. This represents a 96.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $197.99, for a total value of $10,674,036.88. Following the completion of the sale, the chief technology officer directly owned 395,661 shares of the company’s stock, valued at $78,336,921.39. The trade was a 11.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,041,445 shares of company stock worth $186,887,631. 8.70% of the stock is currently owned by company insiders.

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.