Datadog, Inc. $DDOG Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. reduced its shares in Datadog, Inc. by 58.6%, selling 919,229 shares and holding approximately 0.19% of the company worth $87.33 million.
• Insider trading activity included a 96.44% decrease in Director Amit Agarwal's share ownership after selling 44,444 shares, and CEO Olivier Pomel sold 100,754 shares, resulting in a 15.51% reduction in his holdings.
• Datadog's stock received positive analyst ratings, with a consensus target price of $153.10, and 24 out of 30 analysts rating the stock as a Buy.

Assenagon Asset Management S.A. lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 58.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 650,112 shares of the company's stock after selling 919,229 shares during the period. Assenagon Asset Management S.A. owned 0.19% of Datadog worth $87,330,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in shares of Datadog by 259.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after purchasing an additional 6,250,942 shares in the last quarter. Brown Advisory Inc. raised its position in Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after purchasing an additional 2,103,838 shares during the last quarter. Baillie Gifford & Co. raised its position in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Datadog in the second quarter worth approximately $177,050,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock valued at $667,611,000 after acquiring an additional 1,261,065 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Performance

Datadog stock traded down $0.78 during trading on Tuesday, reaching $137.57. The company had a trading volume of 1,443,721 shares, compared to its average volume of 5,734,162. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm's 50-day simple moving average is $136.69 and its 200 day simple moving average is $121.05. The firm has a market capitalization of $47.98 billion, a price-to-earnings ratio of 392.84, a price-to-earnings-growth ratio of 54.96 and a beta of 1.11. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm's revenue was up 28.1% on a year-over-year basis. 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 forecast that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DDOG. Sanford C. Bernstein reiterated an "outperform" rating on shares of Datadog in a report on Friday, August 8th. UBS Group set a $165.00 target price on Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Wedbush restated an "outperform" rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Bank of America increased their target price on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Needham & Company LLC restated a "buy" rating and set a $175.00 price target on shares of Datadog in a research report on Thursday, August 14th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Datadog presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Insider Transactions at Datadog

In other news, Director Shardul Shah sold 7,916 shares of the business's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $137.78, for a total transaction of $1,090,666.48. Following the sale, the director directly owned 372,365 shares of the company's stock, valued at $51,304,449.70. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Adam Blitzer sold 7,950 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total value of $1,050,433.50. Following the completion of the transaction, the chief operating officer owned 181,728 shares of the company's stock, valued at approximately $24,011,720.64. The trade was a 4.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,449,792 shares of company stock valued at $190,786,777 in the last ninety days. Corporate insiders own 8.70% of the company's stock.

About Datadog

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.