SVB Wealth LLC Lowers Position in Datadog, Inc. $DDOG

Key Points

• SVB Wealth LLC reduced its stake in Datadog, Inc. by 5.2%, now owning 47,170 shares valued at approximately $4.68 million.
• Datadog reported $0.46 earnings per share for the recent quarter, exceeding analysts' expectations of $0.41, with a revenue increase of 28.1% year-over-year.
• Bank of America and Cantor Fitzgerald increased their price targets for Datadog to $175.00 and $179.00 respectively, reflecting a strong consensus among analysts for the stock.

SVB Wealth LLC lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,170 shares of the company's stock after selling 2,563 shares during the period. SVB Wealth LLC's holdings in Datadog were worth $4,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. OVERSEA CHINESE BANKING Corp Ltd raised its position in shares of Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock valued at $25,000 after buying an additional 22,646 shares during the last quarter. Cornerstone Planning Group LLC raised 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 valued at $30,000 after buying an additional 154 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Datadog during the first quarter valued at approximately $30,000. Putney Financial Group LLC bought a new stake in shares of Datadog during the fourth quarter valued at approximately $32,000. Finally, Elequin Capital LP purchased a new position in shares of Datadog in the fourth quarter valued at $34,000. Institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DDOG shares. Sanford C. Bernstein restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. DA Davidson set a $160.00 price target on shares of Datadog and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Canaccord Genuity Group boosted their price target on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Wedbush restated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Finally, BTIG Research set a $136.00 price target on shares of Datadog and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Activity

In other news, Director Matthew Jacobson sold 59,965 shares of the business's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $128.60, for a total transaction of $7,711,499.00. Following the completion of the sale, the director directly owned 452,640 shares of the company's stock, valued at approximately $58,209,504. The trade was a 11.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Alexis Le-Quoc sold 41,468 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $134.47, for a total transaction of $5,576,201.96. Following the sale, the chief technology officer directly owned 452,769 shares of the company's stock, valued at $60,883,847.43. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 930,139 shares of company stock valued at $119,207,009. Insiders own 8.70% of the company's stock.

Datadog Trading Up 6.7%

NASDAQ DDOG traded up $8.84 on Thursday, hitting $140.57. 5,730,691 shares of the stock were exchanged, compared to its average volume of 5,855,558. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The stock has a fifty day moving average price of $137.02 and a two-hundred day moving average price of $119.54. The firm has a market capitalization of $49.02 billion, a P/E ratio of 401.48, a P/E/G ratio of 52.09 and a beta of 1.02. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08.

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 analysts' consensus estimates of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analyst estimates 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 period in the previous 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. Research analysts forecast 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.