BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 74,514 Shares of Datadog, Inc. $DDOG

Key Points

• British Columbia Investment Management Corp sold 74,514 shares of Datadog, Inc., reducing its holdings by 58% and leaving it with 53,919 shares valued at approximately $5.3 million.
• Several institutional investors, including Vanguard Group and Goldman Sachs, increased their positions in Datadog, reflecting a strong interest with 78.29% of the stock now owned by institutional investors.
• Datadog recently reported an EPS of $0.46 for the last quarter, exceeding estimates, with revenues up 28.1% year-over-year, prompting analysts to maintain a mostly Buy rating on the stock.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 58.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,919 shares of the company's stock after selling 74,514 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Datadog were worth $5,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Datadog by 32.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock valued at $2,216,000 after buying an additional 3,760 shares during the period. Motley Fool Asset Management LLC raised its holdings in Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after purchasing an additional 22,818 shares during the period. LBP AM SA raised its holdings in Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after purchasing an additional 120,343 shares during the period. Envestnet Asset Management Inc. raised its holdings in Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares during the period. Finally, Total Wealth Planning & Management Inc. bought a new position in Datadog in the 4th quarter worth $314,000. 78.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Datadog

In other news, Director Titilope Cole sold 2,210 shares of Datadog stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $136.59, for a total value of $301,863.90. Following the sale, the director directly owned 6,347 shares of the company's stock, valued at approximately $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $130.38, for a total value of $4,292,500.74. Following the completion of the sale, the chief executive officer directly owned 548,715 shares in the company, valued at $71,541,461.70. This trade represents a 5.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,613,650 shares of company stock valued at $206,313,892. 8.70% of the stock is currently owned by corporate insiders.

Datadog Price Performance

NASDAQ:DDOG traded down $4.28 on Friday, reaching $136.68. 5,105,132 shares of the company's stock traded hands, compared to its average volume of 6,052,554. 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 stock has a 50-day simple moving average of $137.42 and a 200-day simple moving average of $119.12. The firm has a market cap of $47.67 billion, a PE ratio of 390.53, a P/E/G ratio of 56.37 and a beta of 1.11. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08.

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 analysts' consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million for the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business's quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the firm earned $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. Equities research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DDOG shares. Wedbush reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Wells Fargo & Company decreased their target price on Datadog from $140.00 to $115.00 and set an "equal weight" rating on the stock in a report on Wednesday, May 7th. Monness Crespi & Hardt raised their target price on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Finally, Morgan Stanley raised their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Twenty-four 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $153.10.

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.