Nordea Investment Management AB Sells 11,441 Shares of Datadog, Inc. $DDOG

Key Points

• Nordea Investment Management AB reduced its holdings in Datadog, Inc. by 14.6%, selling 11,441 shares and leaving it with 67,082 shares worth approximately $9 million.
• Institutional investors currently own 78.29% of Datadog's stock, highlighting significant institutional interest and activity in recent trading.
• Datadog has received several analyst upgrades, with a consensus rating of Moderate Buy and an average price target of $162.37, indicating positive outlook from analysts.

Nordea Investment Management AB cut its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,082 shares of the company's stock after selling 11,441 shares during the period. Nordea Investment Management AB's holdings in Datadog were worth $9,029,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. OVERSEA CHINESE BANKING Corp Ltd increased its holdings 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 acquiring 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 during the last quarter. Costello Asset Management INC bought a new stake in Datadog during the first quarter worth approximately $30,000. Center for Financial Planning Inc. boosted its position in Datadog by 1,189.7% during the first quarter. Center for Financial Planning Inc. now owns 374 shares of the company's stock worth $37,000 after purchasing an additional 345 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in Datadog during the first quarter valued at approximately $39,000. 78.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DDOG shares. Wells Fargo & Company initiated coverage on shares of Datadog in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $190.00 price objective for the company. DA Davidson lifted their target price on shares of Datadog from $170.00 to $180.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Scotiabank reissued an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Barclays set a $170.00 price target on Datadog and gave the company an "overweight" rating in a research report on Thursday, August 7th. Finally, Mizuho lifted their price objective on Datadog from $155.00 to $170.00 and gave the stock an "outperform" rating in a research note on Friday. Twenty-six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Datadog has a consensus rating of "Moderate Buy" and an average target price of $162.37.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 41,468 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.94, for a total value of $6,259,179.92. Following the completion of the transaction, the chief technology officer directly owned 438,885 shares of the company's stock, valued at $66,245,301.90. This trade represents a 8.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of Datadog stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the sale, the chief executive officer owned 533,358 shares in the company, valued at $88,014,737.16. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,491,232 shares of company stock worth $202,904,731. 8.70% of the stock is currently owned by corporate insiders.

Datadog Stock Performance

NASDAQ DDOG opened at $156.29 on Tuesday. The company's fifty day moving average is $140.86 and its two-hundred day moving average is $128.00. Datadog, Inc. has a 52-week low of $81.63 and a 52-week high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The firm has a market capitalization of $54.50 billion, a price-to-earnings ratio of 446.56, a P/E/G ratio of 59.81 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.05. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The business had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm'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. Equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

About Datadog

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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