Vontobel Holding Ltd. Decreases Stock Position in Datadog, Inc. $DDOG

Vontobel Holding Ltd. lowered its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,657 shares of the company's stock after selling 10,026 shares during the quarter. Vontobel Holding Ltd. owned about 0.05% of Datadog worth $24,133,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Motley Fool Asset Management LLC increased its holdings in shares of Datadog by 149.0% in the 1st quarter. Motley Fool Asset Management LLC now owns 38,132 shares of the company's stock worth $3,783,000 after buying an additional 22,818 shares during the last quarter. LBP AM SA increased its holdings in shares of Datadog by 40.2% in the 1st quarter. LBP AM SA now owns 419,805 shares of the company's stock worth $41,649,000 after buying an additional 120,343 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Datadog by 24.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 787,344 shares of the company's stock worth $78,112,000 after buying an additional 156,152 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Datadog by 178.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,046 shares of the company's stock worth $9,032,000 after buying an additional 58,369 shares during the last quarter. Finally, Mizuho Markets Americas LLC bought a new stake in shares of Datadog in the 1st quarter worth about $15,526,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

Shares of NASDAQ:DDOG opened at $164.07 on Friday. The company has a market capitalization of $57.22 billion, a price-to-earnings ratio of 468.78, a PEG ratio of 64.21 and a beta of 1.21. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $170.08. The firm's 50-day moving average is $137.59 and its 200 day moving average is $124.89. The company has a current ratio of 3.43, a quick ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $826.76 million for the quarter, compared to the consensus estimate of $791.72 million. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The firm's revenue was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 EPS. Datadog has set its Q3 2025 guidance at 0.440-0.460 EPS. FY 2025 guidance at 1.800-1.830 EPS. Research analysts predict that Datadog, Inc. will post 0.34 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Barclays set a $170.00 target price on shares of Datadog and gave the stock an "overweight" rating in a report on Thursday, August 7th. Citigroup boosted their target price on shares of Datadog from $165.00 to $170.00 and gave the stock a "buy" rating in a report on Monday, August 18th. UBS Group boosted their target price on shares of Datadog from $165.00 to $189.00 and gave the stock a "buy" rating in a report on Thursday. DA Davidson upped their price target on shares of Datadog from $170.00 to $180.00 and gave the company a "buy" rating in a report on Friday, October 3rd. Finally, Mizuho upped their price target on shares of Datadog from $145.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Twenty-four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $158.46.

Insiders Place Their Bets

In other Datadog news, Director Michael James Callahan sold 91,667 shares of the company's stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $157.60, for a total value of $14,446,719.20. Following the transaction, the director directly owned 12,496 shares in the company, valued at $1,969,369.60. This represents a 88.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amit Agarwal sold 45,444 shares of the company'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 completion of the transaction, the director owned 1,640 shares in the company, valued at $246,131.20. This represents a 96.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,565,843 shares of company stock worth $212,946,080. 8.70% of the stock is owned by company insiders.

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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