Union Bancaire Privee UBP SA Lowers Position in Datadog, Inc. $DDOG

Key Points

• Union Bancaire Privee UBP SA reduced its stake in Datadog, Inc. by 99.2% in the second quarter, leaving it with only 29,064 shares after selling over 3.5 million shares.
• Datadog reported a revenue of $826.76 million for its latest quarter, surpassing analysts’ expectations and showing a 28.1% year-over-year increase in revenue.
• Several hedge funds have recently adjusted their positions in Datadog, with 78.29% of the stock now owned by institutional investors, indicating strong interest in the company.

Union Bancaire Privee UBP SA cut its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 99.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,064 shares of the company's stock after selling 3,588,804 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Datadog were worth $3,904,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its stake in Datadog by 13.8% in the second quarter. V Square Quantitative Management LLC now owns 601 shares of the company's stock worth $81,000 after acquiring an additional 73 shares during the period. Biltmore Wealth Management LLC lifted its stake in Datadog by 1.5% in the second quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company's stock worth $769,000 after acquiring an additional 86 shares during the period. Emerald Advisers LLC raised its holdings in Datadog by 1.1% in the first quarter. Emerald Advisers LLC now owns 9,300 shares of the company's stock worth $923,000 after purchasing an additional 97 shares in the last quarter. YANKCOM Partnership raised its holdings in Datadog by 12.0% in the first quarter. YANKCOM Partnership now owns 927 shares of the company's stock worth $92,000 after purchasing an additional 99 shares in the last quarter. Finally, Covestor Ltd raised its holdings in Datadog by 8.9% in the first quarter. Covestor Ltd now owns 1,388 shares of the company's stock worth $138,000 after purchasing an additional 113 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $145.26 on Tuesday. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The company's 50 day moving average is $136.33 and its 200 day moving average is $122.38. 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 market cap of $50.66 billion, a PE ratio of 415.04, a price-to-earnings-growth ratio of 54.41 and a beta of 1.11.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 earnings per share 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 the consensus estimate of $791.72 million. During the same quarter in the prior year, the company earned $0.43 EPS. Datadog'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. On average, sell-side analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Insider Buying and Selling

In other Datadog news, Director Amit Agarwal sold 44,444 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $138.34, for a total value of $6,148,382.96. Following the sale, the director owned 1,640 shares in the company, valued at approximately $226,877.60. This represents a 96.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Matthew Jacobson sold 575,863 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $126.96, for a total value of $73,111,566.48. Following the completion of the sale, the director owned 219,831 shares in the company, valued at approximately $27,909,743.76. This represents a 72.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,322,175 shares of company stock worth $173,997,227. 8.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. DA Davidson set a $160.00 target price on shares of Datadog and gave the stock a "buy" rating in a report on Tuesday, August 5th. Jefferies Financial Group boosted their target price on shares of Datadog from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 4th. Wedbush reiterated an "outperform" rating and issued a $140.00 target price on shares of Datadog in a report on Wednesday, June 11th. Needham & Company LLC reiterated a "buy" rating and issued a $175.00 target price on shares of Datadog in a report on Thursday, August 14th. Finally, Morgan Stanley boosted their target price on shares of Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Twenty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $153.41.

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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