State of New Jersey Common Pension Fund D Sells 7,621 Shares of Datadog, Inc. $DDOG

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Datadog, Inc. by 7.5%, selling 7,621 shares during the first quarter, leaving it with 94,102 shares valued at approximately $9.34 million.
• Datadog's stock price opened at $127.25, with a 1-year high of $170.08 and a market capitalization of $44.38 billion, while analysts have set a consensus target price of $152.93.
• CEO Olivier Pomel sold over 107,000 shares at an average price of $121.71, representing a significant decrease in his ownership, as part of recent insider selling activity totaling over 846,000 shares in the last ninety days.

State of New Jersey Common Pension Fund D lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 7.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,102 shares of the company's stock after selling 7,621 shares during the period. State of New Jersey Common Pension Fund D's holdings in Datadog were worth $9,336,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DDOG. Emerald Advisers LLC boosted its holdings in shares of Datadog by 1.1% during the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares during the period. YANKCOM Partnership raised its position in Datadog by 12.0% during the 1st quarter. YANKCOM Partnership now owns 927 shares of the company's stock valued at $92,000 after purchasing an additional 99 shares during the last quarter. Covestor Ltd lifted its holdings in Datadog by 8.9% in the 1st quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after buying an additional 113 shares during the period. State of Wyoming lifted its holdings in Datadog by 3.7% in the 4th quarter. State of Wyoming now owns 3,277 shares of the company's stock worth $468,000 after buying an additional 117 shares during the period. Finally, Forum Financial Management LP grew its position in shares of Datadog by 6.1% in the 1st quarter. Forum Financial Management LP now owns 2,040 shares of the company's stock worth $202,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 41,468 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total value of $5,576,201.96. Following the completion of the transaction, the chief technology officer owned 452,769 shares in the company, valued at $60,883,847.43. The trade was a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Titilope Cole sold 2,210 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $136.59, for a total value of $301,863.90. Following the transaction, the director directly owned 6,347 shares in the company, valued at approximately $866,936.73. The trade was a 25.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 846,051 shares of company stock worth $107,936,283. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

DDOG has been the subject of a number of recent analyst reports. Mizuho upped their target price on Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Barclays set a $170.00 price objective on shares of Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Cantor Fitzgerald raised their target price on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Citigroup lifted their price objective on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday. Finally, Rosenblatt Securities decreased their price target on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, May 5th. 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 company's stock. Based on data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Datadog Stock Up 1.6%

NASDAQ:DDOG traded up $2.0070 on Friday, reaching $131.1570. 2,879,497 shares of the stock traded hands, compared to its average volume of 5,875,193. 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 company has a market capitalization of $45.74 billion, a price-to-earnings ratio of 374.74, a PEG ratio of 52.98 and a beta of 1.02. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company's fifty day simple moving average is $136.61 and its 200 day simple moving average is $119.96.

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, topping the consensus estimate of $0.41 by $0.05. The firm 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 business's revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the firm 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. Equities analysts predict 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.