Klingman & Associates LLC Sells 20,568 Shares of Datadog, Inc. $DDOG

Key Points

• Klingman & Associates LLC reduced its holdings in Datadog, Inc. by 12.8%, selling 20,568 shares and now holding 139,972 shares worth approximately $18.8 million.
• Datadog's latest quarterly earnings reported an EPS of $0.46, exceeding the expected $0.41, along with a 28.1% increase in revenue year-over-year.
• Research analysts generally have a "Moderate Buy" consensus rating for Datadog, with price targets ranging from $160 to $190.

Klingman & Associates LLC lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 12.8% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 139,972 shares of the company's stock after selling 20,568 shares during the period. Datadog makes up approximately 1.0% of Klingman & Associates LLC's portfolio, making the stock its 28th biggest holding. Klingman & Associates LLC's holdings in Datadog were worth $18,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DDOG. DekaBank Deutsche Girozentrale lifted its holdings in shares of Datadog by 21.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 454,510 shares of the company's stock valued at $60,269,000 after purchasing an additional 79,465 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Datadog in the 2nd quarter valued at $160,000. West Tower Group LLC bought a new position in Datadog during the 2nd quarter valued at $336,000. Chicago Partners Investment Group LLC boosted its holdings in Datadog by 50.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,952 shares of the company's stock worth $425,000 after acquiring an additional 995 shares during the last quarter. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Datadog in the 2nd quarter worth $643,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Performance

NASDAQ:DDOG opened at $156.29 on Tuesday. The company has a market capitalization of $54.50 billion, a P/E ratio of 446.56, a P/E/G ratio of 59.81 and a beta of 1.21. The business has a fifty day simple moving average of $140.86 and a two-hundred day simple moving average of $128.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted 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. The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The firm's quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Monness Crespi & Hardt raised their price target on shares of Datadog from $160.00 to $185.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. TD Cowen lifted their target price on shares of Datadog from $175.00 to $180.00 and gave the stock a "buy" rating in a research report on Friday. Citigroup boosted their target price on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Jefferies Financial Group increased their price target on Datadog from $160.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, October 14th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Datadog in a research report on Wednesday, October 8th. Twenty-six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average price target of $162.37.

Insider Activity at Datadog

In other Datadog news, Director Shardul Shah sold 7,916 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $162.58, for a total transaction of $1,286,983.28. Following the sale, the director owned 364,449 shares in the company, valued at $59,252,118.42. This represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the transaction, the director owned 1,640 shares of the company's stock, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,491,232 shares of company stock worth $202,904,731 in the last ninety days. Insiders own 8.70% of the company's stock.

Datadog Company 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.

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