US Bancorp DE Has $3.44 Million Stock Position in Datadog, Inc. $DDOG

Key Points

• US Bancorp DE reduced its holdings in Datadog, Inc. by 41.1% during the second quarter, now owning 25,595 shares valued at approximately $3.44 million.
• Recent insider selling includes Director Amit Agarwal selling 45,444 shares for over $6.8 million, and CEO Olivier Pomel selling 63,939 shares for approximately $10.6 million, indicating a total of 1.47 million shares sold by insiders in the past three months.
• Analysts have issued a consensus rating of "Moderate Buy" for Datadog, with a price target ranging from $135 to $190 per share, reflecting positive outlooks despite varying ratings from 24 analysts showing 24 Buys, 4 Holds, and 2 Sells.

US Bancorp DE lowered its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 41.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,595 shares of the company's stock after selling 17,867 shares during the quarter. US Bancorp DE's holdings in Datadog were worth $3,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DDOG. Brighton Jones LLC acquired a new position in Datadog in the fourth quarter valued at about $209,000. Bison Wealth LLC acquired a new position in Datadog in the fourth quarter valued at about $228,000. Farther Finance Advisors LLC raised its stake in Datadog by 10.7% in the first quarter. Farther Finance Advisors LLC now owns 2,052 shares of the company's stock valued at $207,000 after purchasing an additional 199 shares in the last quarter. Yousif Capital Management LLC raised its stake in Datadog by 3.3% in the first quarter. Yousif Capital Management LLC now owns 3,891 shares of the company's stock valued at $386,000 after purchasing an additional 123 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in Datadog in the first quarter valued at about $392,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Buying and Selling

In other news, Director Amit Agarwal sold 45,444 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $150.08, for a total value of $6,820,235.52. Following the completion of the transaction, the director owned 1,640 shares of the company's stock, valued at $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Olivier Pomel sold 63,939 shares of the company's stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $165.02, for a total value of $10,551,213.78. Following the completion of the transaction, the chief executive officer directly owned 533,358 shares of the company's stock, valued at $88,014,737.16. This represents a 10.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,474,983 shares of company stock valued at $200,279,885 over the last three months. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DDOG. Wells Fargo & Company began coverage on Datadog in a research note on Tuesday, September 30th. They issued an "overweight" rating and a $190.00 price target for the company. Stifel Nicolaus boosted their price target on Datadog from $120.00 to $135.00 and gave the company a "hold" rating in a research note on Thursday, June 26th. Morgan Stanley boosted their target price on Datadog from $115.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Sanford C. Bernstein boosted their target price on Datadog from $147.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group boosted their target price on Datadog from $160.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday. 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 company. Based on data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and a consensus price target of $159.54.

Datadog Stock Performance

Datadog stock opened at $160.88 on Wednesday. The business has a 50 day moving average of $139.12 and a 200-day moving average of $126.17. Datadog, Inc. has a 1 year low of $81.63 and a 1 year high of $170.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.43 and a quick ratio of 3.43. The company has a market capitalization of $56.11 billion, a P/E ratio of 459.67, a P/E/G ratio of 64.24 and a beta of 1.21.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The company had revenue of $826.76 million during the quarter, compared to the consensus estimate of $791.72 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The firm's 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 research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Datadog Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.