Lansforsakringar Fondforvaltning AB publ Sells 2,227 Shares of Datadog, Inc. $DDOG

Key Points

• Lansforsakringar Fondforvaltning AB publ has reduced its shareholding in Datadog, Inc. by 2.4%, selling 2,227 shares and now holding a total of 90,749 shares worth approximately $9 million.
• Datadog's stock has a consensus rating of "Moderate Buy" with an average target price of $153.10, as twenty-four analysts rate it a Buy, and five a Hold.
• In its latest quarterly earnings report, Datadog exceeded expectations with a revenue of $826.76 million and an earnings per share (EPS) of $0.46, beating the consensus estimate of $0.41 by $0.05.

Lansforsakringar Fondforvaltning AB publ cut its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,749 shares of the company's stock after selling 2,227 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Datadog were worth $9,003,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling at Datadog

In related news, CFO David M. Obstler sold 12,619 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total value of $1,689,053.15. Following the completion of the sale, the chief financial officer directly owned 386,651 shares of the company's stock, valued at $51,753,236.35. This represents a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Kerry Acocella sold 5,142 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $133.85, for a total transaction of $688,256.70. Following the completion of the sale, the general counsel directly owned 97,377 shares of the company's stock, valued at approximately $13,033,911.45. This trade represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,505,813 shares of company stock worth $195,879,679 over the last quarter. Insiders own 8.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wedbush reiterated an "outperform" rating and issued a $140.00 price target on shares of Datadog in a research report on Wednesday, June 11th. Barclays set a $170.00 target price on Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Scotiabank reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Citigroup boosted their target price on Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Monday, August 18th. Finally, UBS Group set a $165.00 target price on Datadog and gave the company a "buy" rating in a research report on Thursday, August 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. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $153.10.

Datadog Trading Down 0.6%

Shares of DDOG traded down $0.82 during trading hours on Thursday, reaching $131.78. 2,955,202 shares of the company traded hands, compared to its average volume of 5,658,025. The firm has a market cap of $45.96 billion, a price-to-earnings ratio of 376.53, a PEG ratio of 54.69 and a beta of 1.10. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The stock's fifty day moving average price is $137.70 and its 200 day moving average price is $119.36.

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

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.