Trivium Point Advisory LLC Has $251,000 Stake in Datadog, Inc. $DDOG

Key Points

• Trivium Point Advisory LLC has significantly reduced its holdings in Datadog, Inc. by 89.3%, selling 21,005 shares and leaving them with 2,526 shares valued at $251,000.
• In contrast, OVERSEA CHINESE BANKING Corp Ltd increased its stake in Datadog by 887.0%, acquiring an additional 22,646 shares during the same period.
• Datadog reported a 28.1% increase in revenue year-over-year, with earnings per share of $0.46 for the latest quarter, exceeding expectations of $0.41.

Trivium Point Advisory LLC trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 89.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,526 shares of the company's stock after selling 21,005 shares during the period. Trivium Point Advisory LLC's holdings in Datadog were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DDOG. Brighton Jones LLC acquired a new stake in shares of Datadog during the fourth quarter worth about $209,000. Townsquare Capital LLC lifted its position in shares of Datadog by 15.0% during the 4th quarter. Townsquare Capital LLC now owns 3,303 shares of the company's stock valued at $472,000 after acquiring an additional 432 shares during the period. NewEdge Advisors LLC lifted its position in shares of Datadog by 45.8% during the 4th quarter. NewEdge Advisors LLC now owns 7,438 shares of the company's stock valued at $1,063,000 after acquiring an additional 2,338 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Datadog by 3.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 155,961 shares of the company's stock worth $22,285,000 after purchasing an additional 5,110 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Datadog by 2.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 284,641 shares of the company's stock worth $40,628,000 after purchasing an additional 7,242 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on DDOG. Rosenblatt Securities lowered their price objective on shares of Datadog from $160.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Cantor Fitzgerald increased their price target on shares of Datadog from $171.00 to $179.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Mizuho increased their price objective on shares of Datadog from $145.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Citigroup raised their price target on shares of Datadog from $165.00 to $170.00 and gave the company a "buy" rating in a research note on Monday. Finally, BTIG Research set a $136.00 price target on shares of Datadog and gave the company a "buy" rating in a research note on Tuesday, May 6th. Twenty-four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company 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 Shardul Shah sold 7,924 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $140.80, for a total value of $1,115,699.20. Following the completion of the transaction, the director owned 380,281 shares in the company, valued at $53,543,564.80. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Titilope Cole sold 2,210 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $136.59, for a total transaction of $301,863.90. Following the transaction, the director owned 6,347 shares of the company's stock, valued at $866,936.73. The trade was a 25.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 846,051 shares of company stock valued at $107,936,283 over the last 90 days. Company insiders own 8.70% of the company's stock.

Datadog Stock Performance

DDOG traded down $1.5670 during trading on Wednesday, hitting $127.4230. The stock had a trading volume of 2,349,499 shares, compared to its average volume of 5,902,994. The firm has a market cap of $44.44 billion, a PE ratio of 364.46, a P/E/G ratio of 53.23 and a beta of 1.02. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $136.29 and a 200-day simple moving average of $119.99.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results 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. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $826.76 million for the quarter, compared to analyst estimates of $791.72 million. During the same period last year, the business posted $0.43 EPS. The business's quarterly 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. Analysts expect 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.