Kayne Anderson Rudnick Investment Management LLC Sells 28,714 Shares of Datadog, Inc. $DDOG

Key Points

• Kayne Anderson Rudnick Investment Management LLC reduced its holdings in Datadog, Inc. by 9.2%, now owning 282,131 shares valued at approximately $27.99 million.
• Wall Street analysts remain positive on Datadog, with a consensus rating of "Moderate Buy" and an average price target of $153.10, despite some target adjustments.
• Insiders have sold over 846,051 shares of Datadog in the last three months, with CEO Olivier Pomel and CFO David M. Obstler significantly decreasing their stakes.

Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,131 shares of the company's stock after selling 28,714 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.08% of Datadog worth $27,990,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after acquiring an additional 22,646 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after buying an additional 154 shares in the last quarter. Costello Asset Management INC acquired a new position in Datadog during the 1st quarter worth about $30,000. Putney Financial Group LLC bought a new stake in Datadog during the 4th quarter worth about $32,000. Finally, Elequin Capital LP acquired a new stake in Datadog in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Up 7.0%

Shares of NASDAQ:DDOG traded up $9.23 during mid-day trading on Thursday, reaching $140.96. 9,300,672 shares of the stock were exchanged, compared to its average volume of 6,178,413. The stock's 50 day simple moving average is $137.02 and its 200-day simple moving average is $119.54. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a market cap of $49.16 billion, a P/E ratio of 313.64, a P/E/G ratio of 54.33 and a beta of 1.02. 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 (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. During the same period last year, the business earned $0.43 EPS. The business's quarterly revenue 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. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $134.47, for a total transaction of $5,576,201.96. Following the sale, the chief technology officer owned 452,769 shares in the company, valued at approximately $60,883,847.43. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $130.38, for a total value of $4,292,500.74. Following the transaction, the chief executive officer directly owned 548,715 shares in the company, valued at $71,541,461.70. This trade represents a 5.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,613,650 shares of company stock valued at $206,313,892 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DDOG. Sanford C. Bernstein reissued an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Rosenblatt Securities dropped their target price on Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, May 5th. UBS Group set a $165.00 price target on Datadog and gave the company a "buy" rating in a research note on Thursday, August 7th. Guggenheim restated a "sell" rating and set a $105.00 target price on shares of Datadog in a research report on Tuesday, July 8th. Finally, Jefferies Financial Group boosted their price target on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 4th. 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 company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $153.10.

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.