Candriam S.C.A. Has $20.21 Million Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Candriam S.C.A. reduced its stake in Datadog, Inc. by 23.4%, owning approximately 0.06% of the company with a total value of $20,207,000 after selling 62,389 shares in the 1st quarter.
• Datadog's stock opened at $128.46 with a market cap of $44.80 billion, and the company reported a 28.1% year-over-year revenue growth, reaching $826.76 million for the recent quarter.
• Analysts have set a projected price target ranging from $136.00 to $170.00 for Datadog, with an average consensus rating of "Moderate Buy" from various brokerages.

Candriam S.C.A. trimmed its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 23.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 203,678 shares of the company's stock after selling 62,389 shares during the quarter. Candriam S.C.A. owned about 0.06% of Datadog worth $20,207,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DDOG. OVERSEA CHINESE BANKING Corp Ltd grew its stake 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 buying an additional 22,646 shares during the period. Cornerstone Planning Group LLC grew its position in shares of 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 bought a new position in shares of Datadog during the first quarter worth about $30,000. Putney Financial Group LLC bought a new position in shares of Datadog during the fourth quarter worth about $32,000. Finally, Elequin Capital LP bought a new position in shares of Datadog during the 4th quarter valued at about $34,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Monness Crespi & Hardt raised their price objective 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. Morgan Stanley lifted their price objective on Datadog from $115.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Stifel Nicolaus lifted their price objective on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Scotiabank reissued an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Finally, BTIG Research set a $136.00 price objective on Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Twenty-four investment 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 MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the completion of the sale, the chief executive officer owned 548,715 shares in the company, valued at $71,541,461.70. The trade was a 5.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Alexis Le-Quoc sold 41,468 shares of Datadog stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total transaction of $5,576,201.96. Following the sale, the chief technology officer owned 452,769 shares of the company's stock, valued at approximately $60,883,847.43. This represents a 8.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 846,051 shares of company stock worth $107,936,283 over the last 90 days. Insiders own 8.70% of the company's stock.

Datadog Price Performance

Shares of Datadog stock traded up $2.07 during trading on Friday, reaching $131.22. The company's stock had a trading volume of 3,826,266 shares, compared to its average volume of 6,020,662. The stock has a 50-day moving average price of $136.83 and a two-hundred day moving average price of $119.68. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The stock has a market capitalization of $45.76 billion, a P/E ratio of 374.92, a price-to-earnings-growth ratio of 54.12 and a beta of 1.02.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (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 company had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. During the same quarter last year, the firm earned $0.43 EPS. The company'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, sell-side analysts anticipate 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.