DNB Asset Management AS Cuts Stock Holdings in Datadog, Inc. $DDOG

DNB Asset Management AS lowered its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 68.9% during the fourth quarter, Holdings Channel reports. The fund owned 312,891 shares of the company’s stock after selling 694,661 shares during the period. DNB Asset Management AS’s holdings in Datadog were worth $42,550,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Hartford Investment Management Co. purchased a new position in Datadog in the third quarter valued at $2,689,000. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Datadog by 134.5% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock valued at $4,435,000 after buying an additional 17,860 shares in the last quarter. Vanguard Group Inc. raised its stake in Datadog by 30.3% in the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after buying an additional 9,748,738 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Datadog by 71.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,310 shares of the company’s stock valued at $24,288,000 after buying an additional 70,888 shares in the last quarter. Finally, Patton Fund Management Inc. raised its stake in Datadog by 1,964.8% in the fourth quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock valued at $5,242,000 after buying an additional 36,683 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $207.98 on Friday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $211.28. The stock has a 50 day moving average of $135.18 and a two-hundred day moving average of $139.09. The stock has a market cap of $74.03 billion, a P/E ratio of 547.33, a P/E/G ratio of 70.17 and a beta of 1.30.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, research analysts forecast that Datadog, Inc. will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Matthew Jacobson sold 52,832 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $189.28, for a total transaction of $10,000,040.96. Following the transaction, the director owned 622,726 shares of the company’s stock, valued at $117,869,577.28. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie Richardson sold 1,930 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $185.82, for a total value of $358,632.60. Following the transaction, the director directly owned 2,106 shares in the company, valued at approximately $391,336.92. This represents a 47.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 842,739 shares of company stock valued at $121,023,123. 6.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDOG shares. Rothschild & Co Redburn started coverage on Datadog in a research note on Thursday, April 23rd. They issued a “buy” rating and a $170.00 price target on the stock. Morgan Stanley raised their price target on Datadog from $180.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Datadog from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen raised their price target on Datadog from $190.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Truist Financial raised their price target on Datadog from $120.00 to $190.00 and gave the company a “hold” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $213.38.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.