AMF Tjanstepension AB Trims Stake in Datadog, Inc. $DDOG

Key Points

• AMF Tjanstepension AB reduced its stake in Datadog, Inc. by 15.5%, now owning 266,570 shares worth approximately $35.8 million.
• Datadog reported a quarterly earnings per share of $0.46, surpassing estimates, with revenue growth of 28.1% year-over-year.
• Insider trading activity includes CTO Alexis Le-Quoc selling 55,352 shares, marking an 11.20% decrease in ownership.

AMF Tjanstepension AB lowered its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 15.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 266,570 shares of the company's stock after selling 49,071 shares during the period. AMF Tjanstepension AB owned approximately 0.08% of Datadog worth $35,808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Datadog by 887.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after purchasing an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC raised its position in shares of Datadog by 96.9% during 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 in the last quarter. Costello Asset Management INC purchased a new stake in shares of Datadog during the 1st quarter valued at $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Datadog during the 1st quarter worth $37,000. Finally, Center for Financial Planning Inc. grew its position in Datadog by 1,189.7% in the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock worth $37,000 after acquiring an additional 345 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Trading Up 0.2%

NASDAQ:DDOG opened at $151.82 on Friday. The company has a fifty day moving average of $136.59 and a 200 day moving average of $123.39. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $52.95 billion, a P/E ratio of 433.78, a P/E/G ratio of 59.30 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The business 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%. The company's revenue was up 28.1% on a year-over-year basis. During the same quarter last year, the firm 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. On average, research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Datadog

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares in the company, valued at $58,735,979.55. This represents a 11.20% 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, Director Amit Agarwal sold 45,444 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the sale, the director directly owned 1,640 shares of the company's stock, valued at $246,131.20. The trade was a 96.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,384,618 shares of company stock valued at $183,444,843 in the last 90 days. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wedbush restated an "outperform" rating and set a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Bank of America increased their price objective on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Jefferies Financial Group raised their price objective on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 4th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research note on Thursday, June 12th. Finally, Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $156.69.

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.

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.