Datadog, Inc. $DDOG Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC significantly reduced its stake in Datadog, Inc. by 92.6%, selling 501,038 shares during the first quarter, leaving it with 40,242 shares valued at approximately $3.99 million.
• Datadog reported $0.46 earnings per share for the last quarter, exceeding analyst expectations and achieving a 28.1% increase in revenue year-over-year at $826.76 million.
• Many analysts are optimistic about Datadog's future, with a consensus rating of "Moderate Buy" and a price target of $153.10, along with several key firms raising their target prices significantly.

Acadian Asset Management LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 92.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 40,242 shares of the company's stock after selling 501,038 shares during the period. Acadian Asset Management LLC's holdings in Datadog were worth $3,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its position 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 acquiring an additional 3,760 shares during the last quarter. Motley Fool Asset Management LLC lifted its position in shares of Datadog by 149.0% during the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock valued at $3,783,000 after acquiring an additional 22,818 shares during the last quarter. LBP AM SA lifted its position in shares of Datadog by 40.2% during the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock valued at $41,649,000 after acquiring an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Datadog by 24.7% in the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after buying an additional 156,152 shares during the period. Finally, Total Wealth Planning & Management Inc. acquired a new stake in shares of Datadog in the fourth quarter worth $314,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Price Performance

NASDAQ DDOG opened at $136.50 on Monday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $170.08. The stock's 50-day moving average is $137.36 and its two-hundred day moving average is $120.07. 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 market cap of $47.60 billion, a P/E ratio of 390.01, a price-to-earnings-growth ratio of 53.74 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $791.72 million. During the same period last year, the company earned $0.43 earnings per share. The business's revenue was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DDOG. Monness Crespi & Hardt raised their target price on Datadog from $160.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Mizuho raised their target price on Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Stifel Nicolaus raised their target price on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Thursday, June 12th. Finally, Canaccord Genuity Group raised their target price on Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Buying and Selling at Datadog

In other Datadog news, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 219,831 shares in the company, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 55,352 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total value of $7,407,758.16. Following the transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This trade represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,398,455 shares of company stock worth $183,338,025 over the last three months. Corporate insiders own 8.70% of the company's stock.

Datadog Company 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.

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