Guggenheim Capital LLC Trims Holdings in Datadog, Inc. $DDOG

Key Points

• Guggenheim Capital LLC reduced its stake in Datadog, Inc. by 14.0%, owning 96,553 shares valued at approximately $9.58 million after selling 15,757 shares in the first quarter.
• In contrast, other institutional investors like Wealth Enhancement Advisory Services LLC and Motley Fool Asset Management LLC have increased their positions in Datadog, with notable increases of 32.0% and 149.0%, respectively.
• Wall Street analysts maintain a positive outlook on the stock, with a majority rating it as a Buy and setting a price target range between $115.00 and $170.00.

Guggenheim Capital LLC cut its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,553 shares of the company's stock after selling 15,757 shares during the quarter. Guggenheim Capital LLC's holdings in Datadog were worth $9,579,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Datadog by 3.5% in the first quarter. Vanguard Group Inc. now owns 31,413,032 shares of the company's stock valued at $3,116,487,000 after purchasing an additional 1,058,803 shares in the last quarter. Baillie Gifford & Co. grew its position 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 purchasing an additional 1,369,522 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 purchasing an additional 6,250,942 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position 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 purchasing an additional 1,261,065 shares in the last quarter. Finally, Brown Advisory Inc. grew its position 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 purchasing an additional 2,103,838 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Olivier Pomel sold 32,923 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $130.38, for a total transaction of $4,292,500.74. Following the transaction, the chief executive officer owned 548,715 shares in the company, valued at $71,541,461.70. The trade was a 5.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Matthew Jacobson sold 107,648 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $130.01, for a total value of $13,995,316.48. Following the transaction, the director owned 176,311 shares in the company, valued at approximately $22,922,193.11. This represents a 37.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,613,650 shares of company stock worth $206,313,892 in the last 90 days. 8.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DDOG has been the subject of several research analyst reports. Canaccord Genuity Group lifted their price objective on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. UBS Group set a $165.00 price objective on Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. BTIG Research set a $136.00 price objective on Datadog and gave the company a "buy" rating in a research note on Tuesday, May 6th. DA Davidson set a $160.00 price objective on Datadog and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $119.00 price target on shares of Datadog in a research note on Wednesday, May 7th. Twenty-four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Trading Down 3.0%

Shares of NASDAQ DDOG traded down $4.28 during midday trading on Friday, reaching $136.68. The company had a trading volume of 5,105,132 shares, compared to its average volume of 6,052,554. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. 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 firm's fifty day moving average price is $137.42 and its 200-day moving average price is $119.12. The stock has a market cap of $47.67 billion, a PE ratio of 390.53, a price-to-earnings-growth ratio of 56.37 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, beating 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 company had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the previous year, the company posted $0.43 EPS. Datadog'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, equities research analysts anticipate 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.