Datadog, Inc. $DDOG Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 27.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,922 shares of the company’s stock after selling 84,277 shares during the period. Korea Investment CORP’s holdings in Datadog were worth $30,617,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in DDOG. GM Advisory Group LLC acquired a new position in Datadog during the second quarter worth about $297,000. Vinva Investment Management Ltd lifted its position in shares of Datadog by 152.9% during the 2nd quarter. Vinva Investment Management Ltd now owns 17,138 shares of the company’s stock valued at $2,264,000 after acquiring an additional 10,361 shares during the period. Employees Retirement System of Texas boosted its stake in shares of Datadog by 12.3% during the 2nd quarter. Employees Retirement System of Texas now owns 401,711 shares of the company’s stock worth $53,962,000 after acquiring an additional 43,867 shares in the last quarter. Choreo LLC grew its holdings in shares of Datadog by 45.4% in the 2nd quarter. Choreo LLC now owns 5,194 shares of the company’s stock worth $698,000 after acquiring an additional 1,622 shares during the period. Finally, Hel Ved Capital Management Ltd grew its holdings in shares of Datadog by 97.4% in the 2nd quarter. Hel Ved Capital Management Ltd now owns 31,230 shares of the company’s stock worth $4,195,000 after acquiring an additional 15,410 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Up 1.2%

DDOG opened at $160.28 on Friday. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The business has a 50-day moving average of $161.02 and a two-hundred day moving average of $141.92. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.66 and a quick ratio of 3.66. The stock has a market capitalization of $56.20 billion, a price-to-earnings ratio of 517.02, a price-to-earnings-growth ratio of 35.96 and a beta of 1.20.

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

Insider Activity at Datadog

In other Datadog news, Director Matthew Jacobson sold 31,810 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $200.14, for a total transaction of $6,366,453.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Alexis Le-Quoc sold 43,224 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $158.49, for a total value of $6,850,571.76. Following the sale, the chief technology officer owned 352,437 shares of the company’s stock, valued at $55,857,740.13. This represents a 10.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,419,003 shares of company stock valued at $243,371,866 over the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

DDOG has been the subject of several research reports. Sanford C. Bernstein lifted their price objective on Datadog from $170.00 to $180.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Raymond James Financial raised their price target on Datadog from $170.00 to $205.00 in a research report on Thursday, November 6th. Evercore ISI boosted their price objective on shares of Datadog from $170.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Finally, BNP Paribas Exane lifted their target price on shares of Datadog from $160.00 to $210.00 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.38.

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.