Congress Asset Management Co. Has $59.74 Million Stock Position in Datadog, Inc. $DDOG

Key Points

• Congress Asset Management Co. reduced its stake in Datadog, Inc. by 15.6% during the 2nd quarter, holding 444,746 shares valued at approximately $59.74 million at quarter-end.
• Datadog's stock has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $153.10.
• Insiders have sold a total of 1,337,175 shares of Datadog over the last three months, suggesting potential profit-taking among key executives following significant gains in stock value.

Congress Asset Management Co. cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 15.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 444,746 shares of the company's stock after selling 81,895 shares during the period. Congress Asset Management Co. owned 0.13% of Datadog worth $59,743,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its position in 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 position in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the last quarter. Costello Asset Management INC acquired a new stake in Datadog during the first quarter worth approximately $30,000. Opal Wealth Advisors LLC acquired a new stake in Datadog during the first quarter worth approximately $37,000. Finally, Center for Financial Planning Inc. lifted its position in Datadog by 1,189.7% during 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 during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a research report on Thursday, June 12th. Guggenheim reiterated a "sell" rating and issued a $105.00 price target on shares of Datadog in a research report on Tuesday, July 8th. Monness Crespi & Hardt lifted their price target on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. DA Davidson set a $160.00 price target on shares of Datadog and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Mizuho lifted their price target on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 55,352 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 directly owned 438,885 shares in the company, valued at $58,735,979.55. The trade was a 11.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Jacobson sold 575,863 shares of the business's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total transaction of $73,111,566.48. Following the sale, the director directly owned 219,831 shares in the company, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,337,175 shares of company stock worth $176,025,977 over the last three months. Corporate insiders own 8.70% of the company's stock.

Datadog Stock Up 0.0%

Shares of DDOG opened at $136.60 on Friday. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a market cap of $47.64 billion, a P/E ratio of 390.30, a P/E/G ratio of 54.07 and a beta of 1.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a 50 day simple moving average of $136.44 and a two-hundred day simple moving average of $121.52.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period in the previous year, the business earned $0.43 earnings per share. The company'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. Research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.

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