Plato Investment Management Ltd Sells 1,893 Shares of Datadog, Inc. $DDOG

Key Points

• Plato Investment Management Ltd reduced its stake in Datadog, Inc. by 27.5%, selling 1,893 shares and holding 4,993 shares valued at approximately $501,000.
• Insider selling has increased, with COO Adam Blitzer selling 7,950 shares for over $1 million, while total insider sales in the last quarter amounted to 1,406,371 shares worth $184.29 million.
• Datadog's recent earnings report showed a revenue increase of 28.1% year-over-year, with an EPS of $0.46, beating analysts' expectations.

Plato Investment Management Ltd lessened its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 27.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,993 shares of the company's stock after selling 1,893 shares during the period. Plato Investment Management Ltd's holdings in Datadog were worth $501,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DDOG. Bayforest Capital Ltd grew its stake in shares of Datadog by 299.9% in the first quarter. Bayforest Capital Ltd now owns 4,027 shares of the company's stock worth $400,000 after acquiring an additional 3,020 shares during the last quarter. SCS Capital Management LLC purchased a new stake in Datadog during the 1st quarter valued at about $516,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Datadog by 48.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,836,118 shares of the company's stock valued at $281,371,000 after purchasing an additional 923,905 shares during the last quarter. Woodline Partners LP bought a new stake in Datadog during the 1st quarter valued at about $5,924,000. Finally, Prostatis Group LLC purchased a new position in Datadog in the first quarter worth about $336,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ DDOG traded down $2.65 during midday trading on Friday, hitting $136.50. 3,032,652 shares of the stock traded hands, compared to its average volume of 4,113,701. The firm has a market capitalization of $47.60 billion, a P/E ratio of 325.00, a PEG ratio of 53.74 and a beta of 1.11. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. The firm has a 50-day moving average of $137.36 and a two-hundred day moving average of $120.03.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.46 EPS 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 analyst estimates of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.Datadog's revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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 analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. DA Davidson set a $160.00 price target on shares of Datadog and gave the company a "buy" rating in a research report on Tuesday, August 5th. Canaccord Genuity Group increased their target price on Datadog from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Citigroup boosted their price target on Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $175.00 price target on shares of Datadog in a report on Thursday, August 14th. Finally, Scotiabank reiterated an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Twenty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $153.10.

Insider Activity

In other news, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $135.74, for a total value of $4,468,968.02. Following the transaction, the chief executive officer owned 533,358 shares in the company, valued at $72,398,014.92. This represents a 5.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David M. Obstler sold 12,619 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $133.85, for a total transaction of $1,689,053.15. Following the sale, the chief financial officer owned 386,651 shares of the company's stock, valued at $51,753,236.35. This trade represents a 3.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,406,371 shares of company stock worth $184,294,753. Company insiders own 8.70% of the company's stock.

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.