Raiffeisen Bank International AG Sells 5,508 Shares of Datadog, Inc. $DDOG

Raiffeisen Bank International AG decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,221 shares of the company’s stock after selling 5,508 shares during the period. Raiffeisen Bank International AG’s holdings in Datadog were worth $19,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Costello Asset Management INC bought a new position in Datadog during the first quarter worth about $30,000. Interchange Capital Partners LLC bought a new stake in Datadog in the 2nd quarter valued at about $42,000. Ameritas Advisory Services LLC acquired a new position in shares of Datadog during the 2nd quarter worth approximately $55,000. True Wealth Design LLC increased 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 worth $70,000 after purchasing an additional 455 shares during the period. Finally, Roble Belko & Company Inc increased 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 worth $71,000 after purchasing an additional 354 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity

In other Datadog news, Director Shardul Shah sold 7,916 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $162.58, for a total value of $1,286,983.28. Following the completion of the transaction, the director directly owned 364,449 shares in the company, valued at approximately $59,252,118.42. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael James Callahan sold 12,500 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $187.47, for a total value of $2,343,375.00. Following the sale, the director owned 12,496 shares in the company, valued at approximately $2,342,625.12. This trade represents a 50.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,979,841 shares of company stock valued at $303,130,605. 8.70% of the stock is currently owned by insiders.

Datadog Stock Down 0.5%

Shares of NASDAQ DDOG opened at $185.01 on Monday. The company has a market cap of $64.88 billion, a price-to-earnings ratio of 596.81, a PEG ratio of 42.00 and a beta of 1.20. The company has a current ratio of 3.66, a quick ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The stock has a 50-day moving average price of $155.62 and a two-hundred day moving average price of $138.39.

Datadog (NASDAQ:DDOG) last posted its quarterly 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. The company had revenue of $885.65 million for the quarter, compared to the consensus estimate of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The firm’s quarterly revenue was up 28.4% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. 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, analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the topic of a number of analyst reports. Truist Financial increased their price target on Datadog from $140.00 to $195.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Robert W. Baird increased their target price on Datadog from $165.00 to $220.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Royal Bank Of Canada raised their price target on Datadog from $182.00 to $216.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Macquarie upped their price objective on shares of Datadog from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a research report on Saturday. Thirty-one research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.