Swedbank AB Sells 4,948 Shares of Datadog, Inc. $DDOG

Key Points

• Swedbank AB reduced its stake in Datadog, Inc. by 4.0% during the first quarter, ending up with 117,877 shares valued at approximately $11.69 million.
• Major institutional investors, including Vanguard Group and Goldman Sachs, increased their holdings in Datadog significantly, indicating strong investor interest in the firm.
• Analysts maintain a consensus rating of "Moderate Buy" for Datadog's stock, with a consensus price target of $153.10 following a series of price upgrades from various analysts.

Swedbank AB cut its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 117,877 shares of the company's stock after selling 4,948 shares during the quarter. Swedbank AB's holdings in Datadog were worth $11,695,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Datadog by 259.7% in the first quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company's stock valued at $858,994,000 after buying an additional 6,250,942 shares during the period. Brown Advisory Inc. increased 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 during the period. Baillie Gifford & Co. increased its stake in shares of Datadog by 12.6% in the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company's stock valued at $1,217,769,000 after buying an additional 1,369,522 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $667,611,000 after buying an additional 1,261,065 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of Datadog by 341.0% in the first quarter. Assenagon Asset Management S.A. now owns 1,569,341 shares of the company's stock valued at $155,694,000 after buying an additional 1,213,475 shares during the period. 78.29% of the stock is currently owned by institutional investors.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 44,444 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $138.34, for a total value of $6,148,382.96. Following the transaction, the director owned 1,640 shares in the company, valued at approximately $226,877.60. This represents a 96.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Alexis Le-Quoc sold 55,352 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.83, for a total value of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. The trade was a 11.20% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,449,792 shares of company stock worth $190,786,777 in the last three months. Insiders own 8.70% of the company's stock.

Datadog Stock Up 1.5%

NASDAQ:DDOG traded up $2.01 on Friday, hitting $138.82. The stock had a trading volume of 10,122,450 shares, compared to its average volume of 4,269,589. The business's fifty day moving average is $136.70 and its 200 day moving average is $120.75. The company has a market cap of $48.41 billion, a PE ratio of 396.64, a P/E/G ratio of 54.16 and a beta of 1.10. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. 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 announced its quarterly 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 business had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 4th. Monness Crespi & Hardt increased their price target on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Morgan Stanley raised their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Stifel Nicolaus raised their target price on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Thursday, June 26th. Finally, UBS Group set a $165.00 target price on Datadog and gave the stock a "buy" rating in a research note on Thursday, August 7th. Twenty-four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $153.10.

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.