Nordea Investment Management AB Sells 11,441 Shares of Datadog, Inc. $DDOG

Nordea Investment Management AB reduced its stake in Datadog, Inc. (NASDAQ:DDOG) by 14.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,082 shares of the company’s stock after selling 11,441 shares during the period. Nordea Investment Management AB’s holdings in Datadog were worth $9,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd boosted 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 valued at $25,000 after buying an additional 22,646 shares in 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 valued at $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC acquired a new stake in shares of Datadog in the 1st quarter valued at $30,000. Center for Financial Planning Inc. boosted its stake in shares of Datadog by 1,189.7% in the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock valued at $37,000 after purchasing an additional 345 shares in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of Datadog in the 1st quarter worth about $39,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of Datadog stock opened at $156.29 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a 50 day simple moving average of $140.86 and a 200 day simple moving average of $128.00. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The firm has a market cap of $54.50 billion, a P/E ratio of 446.56, a P/E/G ratio of 59.81 and a beta of 1.21.

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

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 63,939 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the transaction, the chief executive officer owned 533,358 shares of the company’s stock, valued at approximately $88,014,737.16. This trade represents a 10.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Alexis Le-Quoc sold 41,468 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total transaction of $6,259,179.92. Following the sale, the chief technology officer directly owned 438,885 shares of the company’s stock, valued at approximately $66,245,301.90. This trade represents a 8.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,491,232 shares of company stock valued at $202,904,731. 8.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DDOG shares. UBS Group lifted their price target on shares of Datadog from $165.00 to $189.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company started coverage on shares of Datadog in a report on Tuesday, September 30th. They set an “overweight” rating and a $190.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a report on Wednesday, October 8th. Bank of America increased their price target on Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $175.00 price target on shares of Datadog in a report on Thursday, August 14th. Twenty-six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $162.37.

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.