Datadog, Inc. $DDOG Stake Lessened by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. has decreased its stake in Datadog, Inc. by 25.5%, selling 384,361 shares, and now holds approximately 1.12 million shares valued at $118.2 million.
• Despite Ameriprise's reduction, several institutional investors like Vanguard Group and Goldman Sachs have increased their positions significantly in Datadog during the same period.
• Analysts have mixed opinions on Datadog, with a consensus rating of "Moderate Buy" and a current average price target around $153.10, while some analysts have given it a "sell" rating.

Ameriprise Financial Inc. cut its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 25.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,122,320 shares of the company's stock after selling 384,361 shares during the period. Ameriprise Financial Inc. owned about 0.33% of Datadog worth $118,207,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after acquiring an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Datadog by 96.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after buying an additional 154 shares during the period. Costello Asset Management INC acquired a new position in shares of Datadog during the 1st quarter worth $30,000. Putney Financial Group LLC purchased a new position in Datadog in the fourth quarter valued at about $32,000. Finally, Elequin Capital LP acquired a new stake in shares of Datadog during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Trading Down 3.4%

Datadog stock traded down $4.84 during midday trading on Friday, reaching $136.12. The stock had a trading volume of 3,294,453 shares, compared to its average volume of 5,862,346. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The stock has a market capitalization of $47.47 billion, a PE ratio of 389.93, a price-to-earnings-growth ratio of 54.33 and a beta of 1.02. The stock's 50-day simple moving average is $137.24 and its 200 day simple moving average is $119.50.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate 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 net margin of 4.13% and a return on equity of 5.04%. Datadog's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Activity at Datadog

In related news, CTO Alexis Le-Quoc sold 127,105 shares of the stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $119.96, for a total value of $15,247,515.80. Following the completion of the sale, the chief technology officer directly owned 452,769 shares in the company, valued at approximately $54,314,169.24. This represents a 21.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 107,365 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total value of $13,067,394.15. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at $66,784,102.65. This trade represents a 16.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,613,650 shares of company stock worth $206,313,892. 8.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DDOG shares. Wells Fargo & Company reduced their price objective on Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a report on Wednesday, May 7th. Rosenblatt Securities decreased their price objective on shares of Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Barclays set a $170.00 target price on shares of Datadog and gave the company an "overweight" rating in a report on Thursday, August 7th. Citigroup upped their price target on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a report on Monday, August 18th. Finally, Macquarie lowered their price target on shares of Datadog from $175.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

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.