Korea Investment CORP Lowers Stake in Datadog, Inc. $DDOG

Key Points

• Korea Investment CORP reduced its stake in Datadog, Inc. by 36.3% in the first quarter, now holding approximately 0.09% of the company worth about $30.97 million following the sale of 177,678 shares.
• CEO Olivier Pomel sold 107,365 shares valued at over $13 million, marking a 16.36% decrease in his ownership stake in the company.
• Datadog reported earnings of $0.46 per share for the last quarter, exceeding expectations, with revenues of $826.76 million, a year-over-year increase of 28.1%.

Korea Investment CORP lessened its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 36.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 312,199 shares of the company's stock after selling 177,678 shares during the period. Korea Investment CORP owned approximately 0.09% of Datadog worth $30,973,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Datadog by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock worth $3,116,487,000 after acquiring an additional 1,058,803 shares during the period. Baillie Gifford & Co. lifted its stake in shares of Datadog by 12.6% in the 1st quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock worth $1,217,769,000 after acquiring an additional 1,369,522 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock worth $858,994,000 after acquiring an additional 6,250,942 shares during the period. Brown Advisory Inc. lifted its stake in shares of Datadog by 76.5% in the 1st quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock worth $481,467,000 after acquiring an additional 2,103,838 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Datadog by 4.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,656,379 shares of the company's stock worth $461,959,000 after acquiring an additional 180,100 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on DDOG. BTIG Research set a $136.00 price objective on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday, May 6th. Mizuho raised their price objective on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. 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 note on Thursday, August 7th. Wells Fargo & Company reduced their price objective on shares of Datadog from $140.00 to $115.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 7th. Finally, Bank of America raised their price objective on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 107,365 shares of Datadog stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $121.71, for a total transaction of $13,067,394.15. Following the completion of the transaction, the chief executive officer owned 548,715 shares in the company, valued at approximately $66,784,102.65. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amit Agarwal sold 25,000 shares of Datadog stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $117.02, for a total transaction of $2,925,500.00. Following the transaction, the director owned 76,052 shares of the company's stock, valued at approximately $8,899,605.04. The trade was a 24.74% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 846,051 shares of company stock worth $107,936,283. 8.70% of the stock is currently owned by insiders.

Datadog Price Performance

DDOG traded up $2.07 during midday trading on Friday, reaching $131.22. 3,826,266 shares of the company's stock were exchanged, compared to its average volume of 6,020,662. 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 stock has a market capitalization of $45.76 billion, a PE ratio of 374.92, a P/E/G ratio of 53.27 and a beta of 1.02. The business's 50-day moving average price is $136.83 and its 200 day moving average price is $119.85. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. As a group, equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.