Northern Trust Corp Has $203.06 Million Stock Position in Datadog, Inc. $DDOG

Key Points

• Northern Trust Corp reduced its holdings in Datadog, Inc. by 2.8%, selling 58,271 shares, resulting in ownership of 2,046,752 shares valued at approximately $203 million.
• Datadog's stock has received multiple "buy" ratings from analysts with price targets ranging from $119.00 to $165.00, reflecting strong optimism about the company's performance.
• Despite insider sales of over 846,000 shares in the last three months, institutional investors continue to hold 78.29% of Datadog's stock, indicating strong institutional confidence in the company.

Northern Trust Corp cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,046,752 shares of the company's stock after selling 58,271 shares during the period. Northern Trust Corp owned about 0.60% of Datadog worth $203,058,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Algert Global LLC purchased a new stake in Datadog during the 1st quarter worth about $230,000. CacheTech Inc. boosted its stake in Datadog by 37.6% during the first quarter. CacheTech Inc. now owns 28,505 shares of the company's stock valued at $2,828,000 after buying an additional 7,782 shares in the last quarter. Cresset Asset Management LLC lifted its stake in Datadog by 17.4% in the 1st quarter. Cresset Asset Management LLC now owns 26,060 shares of the company's stock worth $2,585,000 after acquiring an additional 3,862 shares in the last quarter. Ethic Inc. raised its stake in shares of Datadog by 10.7% in the 1st quarter. Ethic Inc. now owns 18,039 shares of the company's stock valued at $1,823,000 after acquiring an additional 1,750 shares in the last quarter. Finally, Aberdeen Group plc grew its holdings in Datadog by 163.7% in the 1st quarter. Aberdeen Group plc now owns 134,550 shares of the company's stock valued at $13,349,000 after buying an additional 83,517 shares during the last quarter. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Up 2.2%

NASDAQ:DDOG traded up $2.84 during mid-day trading on Wednesday, hitting $129.15. 2,098,264 shares of the stock traded hands, compared to its average volume of 5,832,891. The firm's 50 day moving average is $136.99 and its two-hundred day moving average is $119.45. Datadog, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08. The stock has a market capitalization of $45.04 billion, a price-to-earnings ratio of 366.78, a PEG ratio of 52.95 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 released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The firm had revenue of $826.76 million during the quarter, compared to analysts' expectations of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. Datadog's revenue was up 28.1% compared to the same quarter last year. During the same period last year, the business 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. On average, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Rosenblatt Securities decreased their target price on Datadog from $160.00 to $150.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. BTIG Research set a $136.00 target price on Datadog and gave the company a "buy" rating in a report on Tuesday, May 6th. Barclays set a $170.00 target price on Datadog and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Finally, Wolfe Research raised Datadog from a "peer perform" rating to an "outperform" rating and set a $150.00 target price for the company in a research report on Thursday, June 12th. Twenty-four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $153.10.

Insider Buying and Selling at Datadog

In other news, Director Matthew Jacobson sold 59,965 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $128.60, for a total transaction of $7,711,499.00. Following the completion of the transaction, the director directly owned 452,640 shares in the company, valued at $58,209,504. The trade was a 11.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO David M. Obstler sold 35,016 shares of the company's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $117.40, for a total value of $4,110,878.40. Following the completion of the sale, the chief financial officer owned 399,270 shares in the company, valued at $46,874,298. This trade represents a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 930,139 shares of company stock worth $119,207,009. Company 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.