Robeco Institutional Asset Management B.V. Lowers Stake in Datadog, Inc. $DDOG

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Datadog, Inc. by 63.3% in the 2nd quarter, now holding 102,021 shares valued at approximately $13.7 million.
• Datadog reported $826.76 million in revenue for the recent quarter, beating estimates and showing a 28.1% year-over-year increase.
• Analysts maintain a consensus rating of "Moderate Buy" for Datadog, with a target price averaging $156.69.

Robeco Institutional Asset Management B.V. cut its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 63.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 102,021 shares of the company's stock after selling 175,726 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Datadog were worth $13,704,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DDOG. QTR Family Wealth LLC acquired a new stake in Datadog during the 2nd quarter worth approximately $235,000. LBP AM SA grew its stake in Datadog by 3.3% during the second quarter. LBP AM SA now owns 433,751 shares of the company's stock worth $58,266,000 after buying an additional 13,946 shares during the period. Truist Financial Corp increased its position in shares of Datadog by 0.4% in the second quarter. Truist Financial Corp now owns 48,615 shares of the company's stock worth $6,530,000 after acquiring an additional 205 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Datadog by 25.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,313 shares of the company's stock valued at $1,385,000 after acquiring an additional 2,087 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Datadog during the 2nd quarter valued at $1,017,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Stock Up 0.2%

Datadog stock opened at $151.82 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 3.43 and a current ratio of 3.43. Datadog, Inc. has a one year low of $81.63 and a one year high of $170.08. The company has a 50-day simple moving average of $136.59 and a 200-day simple moving average of $123.52. The firm has a market capitalization of $52.95 billion, a P/E ratio of 433.78, a P/E/G ratio of 59.40 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last posted 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. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm had revenue of $826.76 million during the quarter, compared to analyst estimates of $791.72 million. During the same period in the previous year, the business posted $0.43 EPS. Datadog's revenue 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. As a group, equities analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on DDOG. Scotiabank reiterated an "outperform" rating on shares of Datadog in a report on Friday, August 8th. Bank of America increased their target price on Datadog from $150.00 to $175.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Stifel Nicolaus boosted their price target on Datadog from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Thursday, June 26th. UBS Group set a $165.00 price objective on shares of Datadog and gave the company a "buy" rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Datadog in a research note on Friday, August 8th. Twenty-five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.69.

Insider Transactions at Datadog

In other Datadog news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total transaction of $6,820,235.52. Following the sale, the director owned 1,640 shares of the company's stock, valued at $246,131.20. The trade was a 96.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Adam Blitzer sold 7,950 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $132.13, for a total value of $1,050,433.50. Following the completion of the transaction, the chief operating officer directly owned 181,728 shares of the company's stock, valued at approximately $24,011,720.64. The trade was a 4.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,384,618 shares of company stock worth $183,444,843 over the last quarter. Insiders own 8.70% of the company's stock.

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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