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 reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in Datadog by 70.4% during the 1st quarter. Inspire Investing LLC now owns 3,078 shares of the company's stock worth $305,000 after buying an additional 1,272 shares during the period. DLD Asset Management LP acquired a new position in Datadog during the 1st quarter worth approximately $1,379,000. Siren L.L.C. raised its stake in Datadog by 55.9% during the 1st quarter. Siren L.L.C. now owns 47,425 shares of the company's stock worth $4,705,000 after buying an additional 17,000 shares during the period. Geneos Wealth Management Inc. raised its stake in Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company's stock worth $76,000 after buying an additional 115 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in Datadog by 2.8% during the 1st quarter. IFM Investors Pty Ltd now owns 50,669 shares of the company's stock worth $5,027,000 after buying an additional 1,387 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on DDOG. Citigroup upped their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Jefferies Financial Group upped their price target on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Mizuho lifted their price objective on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $175.00 target price on shares of Datadog in a research note on Thursday, August 14th. Finally, 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. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insiders Place Their Bets

In other news, Director Shardul Shah sold 7,916 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $137.78, for a total value of $1,090,666.48. Following the completion of the transaction, the director directly owned 372,365 shares of the company's stock, valued at $51,304,449.70. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Olivier Pomel sold 32,923 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $135.74, for a total value of $4,468,968.02. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company's stock, valued at $72,398,014.92. The trade was a 5.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,439,680 shares of company stock valued at $189,428,113. Company insiders own 8.70% of the company's stock.

Datadog Stock Performance

NASDAQ:DDOG traded down $0.47 during trading hours on Friday, reaching $136.35. The stock had a trading volume of 1,243,793 shares, compared to its average volume of 5,719,531. 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 50 day simple moving average of $136.67 and a 200 day simple moving average of $120.59. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The stock has a market cap of $47.55 billion, a P/E ratio of 389.57, a price-to-earnings-growth ratio of 53.14 and a beta of 1.10.

Datadog (NASDAQ:DDOG - Get Free Report) last released 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same period last year, the business posted $0.43 earnings per share. The business's revenue for the quarter was up 28.1% on a year-over-year basis. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. On average, research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

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.