Datadog, Inc. $DDOG Shares Sold by EFG Asset Management North America Corp.

Key Points

• EFG Asset Management North America Corp. has reduced its ownership in Datadog, Inc. by 30.9%, selling a total of 8,930 shares and now holding 19,941 shares valued at approximately $1.98 million.
• Datadog has received positive ratings from multiple brokerages, with target prices ranging from $140.00 to $170.00, and has a consensus rating of "Moderate Buy" based on analysts' assessments.
• Insider trading activity has seen significant sales, with 1.5 million shares sold by insiders in the last 90 days, indicating a decrease in insider ownership to 8.70% of the company's stock.

EFG Asset Management North America Corp. trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 30.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,941 shares of the company's stock after selling 8,930 shares during the quarter. EFG Asset Management North America Corp.'s holdings in Datadog were worth $1,977,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company's stock worth $2,216,000 after purchasing an additional 3,760 shares in the last quarter. Motley Fool Asset Management LLC increased its position in shares of Datadog by 149.0% during the first quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after purchasing an additional 22,818 shares in the last quarter. LBP AM SA increased its position in shares of Datadog by 40.2% during the first quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after purchasing an additional 120,343 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Datadog by 24.7% during the first quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after purchasing an additional 156,152 shares in the last quarter. Finally, Total Wealth Planning & Management Inc. purchased a new stake in shares of Datadog during the fourth quarter worth approximately $314,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Trading Up 0.2%

Shares of NASDAQ DDOG traded up $0.26 during mid-day trading on Wednesday, reaching $140.72. 2,731,516 shares of the company's stock were exchanged, compared to its average volume of 5,799,224. The firm has a market capitalization of $49.08 billion, a price-to-earnings ratio of 402.81, a PEG ratio of 54.93 and a beta of 1.11. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company's 50-day moving average is $137.99 and its 200-day moving average is $119.55.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.05. The business had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company's revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Analysts expect that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

DDOG has been the subject of several research reports. Wolfe Research upgraded Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 price target for the company in a research report on Thursday, June 12th. Canaccord Genuity Group upped their target price on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 8th. DA Davidson set a $160.00 target price on Datadog and gave the company a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group upped their target price on Datadog from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Monness Crespi & Hardt upped their target price on Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Twenty-four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 100,754 shares of the firm's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $131.88, for a total transaction of $13,287,437.52. Following the completion of the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at $72,364,534.20. This trade represents a 15.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Matthew Jacobson sold 575,863 shares of the firm's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $126.96, for a total value of $73,111,566.48. Following the transaction, the director owned 219,831 shares of the company's stock, valued at $27,909,743.76. This trade represents a 72.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,373,448 shares of company stock worth $179,825,785. 8.70% of the stock is currently 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.