Voya Investment Management LLC Sells 2,695,447 Shares of Datadog, Inc. $DDOG

Key Points

• Voya Investment Management LLC has significantly reduced its stake in Datadog, Inc. by 60.4%, selling over 2.6 million shares and leaving it with 1.76 million shares valued at approximately $175 million.
• Other major institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their holdings in Datadog, reflecting strong interest from the investment community.
• Datadog reported earnings of $0.46 per share for the last quarter, exceeding estimates while also showing a 28.1% year-over-year revenue growth, signaling robust financial performance.

Voya Investment Management LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 60.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,764,781 shares of the company's stock after selling 2,695,447 shares during the period. Voya Investment Management LLC owned 0.51% of Datadog worth $175,004,000 as of its most recent SEC filing.

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

Datadog Trading Down 1.9%

Datadog stock traded down $2.65 during midday trading on Friday, hitting $136.50. 3,032,652 shares of the stock were exchanged, compared to its average volume of 4,113,701. The stock has a market capitalization of $47.60 billion, a PE ratio of 390.01, a P/E/G ratio of 53.74 and a beta of 1.11. The company has a fifty day simple moving average of $137.36 and a two-hundred day simple moving average of $120.07. 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 issued its earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during 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 quarterly revenue was up 28.1% on a year-over-year basis. 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. Equities research analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on DDOG shares. Canaccord Genuity Group increased their price objective on shares of Datadog from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Barclays set a $170.00 price objective on shares of Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price objective on the stock in a report on Thursday, June 12th. Mizuho boosted their target price on Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $175.00 price objective on shares of Datadog in a research report on Thursday, August 14th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $153.10.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 32,923 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $135.74, for a total transaction of $4,468,968.02. Following the sale, the chief executive officer owned 533,358 shares of the company's stock, valued at $72,398,014.92. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Kerry Acocella sold 5,142 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total value of $688,256.70. Following the sale, the general counsel directly owned 97,377 shares of the company's stock, valued at approximately $13,033,911.45. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,406,371 shares of company stock valued at $184,294,753. 8.70% of the stock is owned by company insiders.

Datadog 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.