Eventide Asset Management LLC Has $35.35 Million Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Eventide Asset Management LLC reduced its stake in Datadog, Inc. by 8.8%, following the sale of 34,403 shares, leaving it with approximately $35.3 million worth of the company's stock.
• Insider trading activity includes a significant sale by Director Matthew Jacobson, who sold over 575,000 shares, resulting in a 72.37% decrease in his ownership stake.
• Analyst ratings for Datadog vary; Guggenheim maintains a "sell" rating with a price target of $105, while other firms like Monness Crespi & Hardt set a "buy" rating with a target of $185.

Eventide Asset Management LLC lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 356,200 shares of the company's stock after selling 34,403 shares during the period. Eventide Asset Management LLC owned 0.10% of Datadog worth $35,346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. Putney Financial Group LLC bought a new stake in shares of Datadog in the fourth quarter valued at approximately $32,000. Elequin Capital LP bought a new stake in shares of Datadog in the fourth quarter valued at approximately $34,000. Costello Asset Management INC bought a new stake in shares of Datadog in the first quarter valued at approximately $30,000. Cornerstone Planning Group LLC boosted its position in shares of Datadog by 96.9% in the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock valued at $30,000 after acquiring an additional 154 shares during the period. Finally, Shell Asset Management Co. bought a new stake in shares of Datadog in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling

In other news, CEO Olivier Pomel sold 15,357 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total value of $2,055,534.45. Following the completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $71,389,968.30. This trade represents a 2.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Adam Blitzer sold 7,950 shares of the firm's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $132.13, for a total value of $1,050,433.50. Following the completion of the sale, the chief operating officer owned 181,728 shares of the company's stock, valued at approximately $24,011,720.64. This trade represents a 4.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,398,448 shares of company stock valued at $182,812,285 in the last 90 days. 8.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. Mizuho raised 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. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Jefferies Financial Group raised their target price on Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. Wedbush reaffirmed an "outperform" rating and issued a $140.00 target price on shares of Datadog in a research report on Wednesday, June 11th. Finally, Citigroup raised their target price on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. Twenty-four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Datadog Price Performance

Datadog stock traded up $0.36 during mid-day trading on Monday, hitting $136.44. 4,756,733 shares of the company were exchanged, compared to its average volume of 5,825,757. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $137.78 and a 200 day moving average of $119.29. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $170.08. The company has a market capitalization of $47.58 billion, a PE ratio of 389.84, a price-to-earnings-growth ratio of 54.78 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data 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. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period in the prior year, the company posted $0.43 earnings per share. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. As a group, sell-side analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

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.