Datadog, Inc. $DDOG Shares Sold by Sowell Financial Services LLC

Key Points

• Sowell Financial Services LLC reduced its stake in Datadog, Inc. by 62.4%, selling 3,500 shares during the second quarter, and now holds 2,110 shares valued at approximately $283,000.
• Goldman Sachs significantly increased its holdings in Datadog by 259.7%, acquiring over 6.25 million additional shares, bringing its total holdings to 8,658,340 shares worth nearly $859 million.
• Recent earnings showed Datadog reported $0.46 EPS for the quarter, surpassing analysts' estimates, with revenue hitting $826.76 million, an increase of 28.1% from the previous year.

Sowell Financial Services LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 62.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,110 shares of the company's stock after selling 3,500 shares during the quarter. Sowell Financial Services LLC's holdings in Datadog were worth $283,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after purchasing an additional 6,250,942 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Datadog by 76.5% in the first quarter. Brown Advisory Inc. now owns 4,853,012 shares of the company's stock valued at $481,467,000 after buying an additional 2,103,838 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Datadog by 12.6% during the first 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. Kingstone Capital Partners Texas LLC acquired a new position in Datadog during the second quarter worth $177,050,000. Finally, Price T Rowe Associates Inc. MD raised its position in Datadog by 23.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company's stock worth $667,611,000 after acquiring an additional 1,261,065 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DDOG. Monness Crespi & Hardt boosted their target price on shares of 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 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. Wedbush restated an "outperform" rating and set a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Stifel Nicolaus increased their target price on shares of Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a report on Thursday, June 26th. Finally, Bank of America lifted their price target on shares of Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Stock Performance

NASDAQ:DDOG opened at $136.60 on Friday. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $136.44 and a two-hundred day moving average price of $121.52. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company has a market capitalization of $47.64 billion, a P/E ratio of 390.30, a price-to-earnings-growth ratio of 54.07 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly 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. The company had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company's revenue for the quarter was up 28.1% compared to the same quarter last year. During the same quarter in the prior 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. As a group, research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Amit Agarwal sold 10,094 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $134.36, for a total value of $1,356,229.84. Following the sale, the director directly owned 1,640 shares in the company, valued at $220,350.40. This represents a 86.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 11,195 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $137.94, for a total value of $1,544,238.30. Following the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $73,571,402.52. The trade was a 2.06% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,337,175 shares of company stock worth $176,025,977 in the last quarter. Insiders own 8.70% of the company's stock.

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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