St. Louis Trust Co Lowers Stock Position in Datadog, Inc. $DDOG

Key Points

• St. Louis Trust Co has reduced its stake in Datadog, Inc. by 33.5% during the second quarter, now holding 4,029 shares valued at approximately $541,000.
• Other hedge funds, including OVERSEA CHINESE BANKING Corp Ltd, have significantly increased their holdings in Datadog, indicating strong institutional interest in the company.
• CEO Olivier Pomel and Director Amit Agarwal sold significant amounts of their shares, with Pomel selling 63,939 shares valued at over $10 million, indicating possible insider trading trends.

St. Louis Trust Co cut its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 33.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,029 shares of the company's stock after selling 2,027 shares during the period. St. Louis Trust Co's holdings in Datadog were worth $541,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd raised its position in Datadog by 887.0% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company's stock worth $25,000 after acquiring an additional 22,646 shares during the period. Cornerstone Planning Group LLC raised its position in Datadog by 96.9% during the first quarter. Cornerstone Planning Group LLC now owns 313 shares of the company's stock worth $30,000 after acquiring an additional 154 shares during the period. Costello Asset Management INC acquired a new position in Datadog during the first quarter worth $30,000. Opal Wealth Advisors LLC acquired a new position in Datadog during the first quarter worth $37,000. Finally, Center for Financial Planning Inc. raised 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 acquiring an additional 345 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Olivier Pomel sold 63,939 shares of the firm's stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $165.02, for a total transaction of $10,551,213.78. Following the completion of the sale, the chief executive officer directly owned 533,358 shares in the company, valued at approximately $88,014,737.16. This trade represents a 10.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amit Agarwal sold 45,444 shares of the firm's stock in a transaction dated 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 approximately $246,131.20. The trade was a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,482,907 shares of company stock valued at $201,395,584 in the last ninety days. 8.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on DDOG shares. Bank of America upped their price objective on shares of Datadog from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Jefferies Financial Group upped their price objective on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, August 4th. UBS Group upped their price objective on shares of Datadog from $165.00 to $189.00 and gave the stock a "buy" rating in a research report on Thursday. Scotiabank restated an "outperform" rating on shares of Datadog in a research report on Friday, August 8th. Finally, Cantor Fitzgerald increased their target price on shares of Datadog from $171.00 to $179.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Datadog currently has an average rating of "Moderate Buy" and an average price target of $158.46.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $158.74 on Monday. The firm has a 50-day simple moving average of $138.06 and a 200-day simple moving average of $125.48. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 453.56, a price-to-earnings-growth ratio of 62.11 and a beta of 1.21. 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, Inc. has a 52 week low of $81.63 and a 52 week high of $170.08.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results 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 analysts' expectations of $791.72 million. During the same period in the prior year, the business earned $0.43 earnings per share. The company's quarterly revenue was up 28.1% compared to the same quarter last year. 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 predict that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

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.

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