BDF Gestion Reduces Position in Datadog, Inc. $DDOG

Key Points

• BDF Gestion reduced its holdings in Datadog, Inc. by 9.8% during the second quarter, selling 4,378 shares and now owning a total of 40,184 shares worth approximately $5.4 million.
• Insiders at Datadog have sold a combined total of 1,449,792 shares worth around $190.8 million in the last ninety days, with significant sales from directors Amit Agarwal and Shardul Shah.
• Analysts have set various price targets for Datadog, with the highest being $179.00 from Cantor Fitzgerald, and the stock has an average rating of "Moderate Buy" with a price target of $153.10.

BDF Gestion trimmed its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 9.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,184 shares of the company's stock after selling 4,378 shares during the period. BDF Gestion's holdings in Datadog were worth $5,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Biltmore Wealth Management LLC grew its stake in shares of Datadog by 1.5% in the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock worth $769,000 after buying an additional 86 shares in the last quarter. Emerald Advisers LLC grew its stake in shares of Datadog by 1.1% in the 1st quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after buying an additional 97 shares in the last quarter. YANKCOM Partnership grew its stake in shares of Datadog by 12.0% in the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after buying an additional 99 shares in the last quarter. Covestor Ltd grew its stake in shares of Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after buying an additional 113 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company's stock worth $76,000 after buying an additional 115 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. UBS Group set a $165.00 price objective on shares of Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an "overweight" rating in a research note on Thursday, August 7th. DA Davidson set a $160.00 price target on shares of Datadog and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Scotiabank reaffirmed an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Insiders Place Their Bets

In other news, COO Adam Blitzer sold 7,950 shares of Datadog stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total value of $1,050,433.50. Following the transaction, the chief operating officer owned 181,728 shares of the company's stock, valued at $24,011,720.64. The trade was a 4.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amit Agarwal sold 10,094 shares of Datadog stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $134.36, for a total transaction of $1,356,229.84. Following the completion of the transaction, the director directly owned 1,640 shares in the company, valued at approximately $220,350.40. The trade was a 86.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,449,792 shares of company stock worth $190,786,777. 8.70% of the stock is owned by corporate insiders.

Datadog Trading Down 0.8%

DDOG traded down $1.15 on Tuesday, reaching $137.20. 1,870,940 shares of the company traded hands, compared to its average volume of 5,736,162. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The firm has a fifty day simple moving average of $136.69 and a two-hundred day simple moving average of $121.05. The company has a market cap of $47.85 billion, a P/E ratio of 392.97, a price-to-earnings-growth ratio of 54.96 and a beta of 1.11. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. 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 EPS. The firm's revenue for the quarter 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. As a group, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.