Woodward Diversified Capital LLC Sells 1,866 Shares of Datadog, Inc. $DDOG

Woodward Diversified Capital LLC cut its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 31.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,040 shares of the company’s stock after selling 1,866 shares during the quarter. Woodward Diversified Capital LLC’s holdings in Datadog were worth $543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in Datadog during the 4th quarter valued at about $209,000. Bison Wealth LLC bought a new stake in Datadog during the 4th quarter valued at about $228,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Datadog by 32.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,506 shares of the company’s stock valued at $2,216,000 after acquiring an additional 3,760 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Datadog by 9,984.3% during the first quarter. GAMMA Investing LLC now owns 79,666 shares of the company’s stock valued at $7,904,000 after acquiring an additional 78,876 shares in the last quarter. Finally, Merit Financial Group LLC increased its position in shares of Datadog by 228.8% during the first quarter. Merit Financial Group LLC now owns 7,898 shares of the company’s stock valued at $784,000 after acquiring an additional 5,496 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 55,352 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $133.83, for a total transaction of $7,407,758.16. Following the completion of the transaction, the chief technology officer owned 438,885 shares in the company, valued at approximately $58,735,979.55. This represents a 11.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amit Agarwal sold 44,444 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $138.34, for a total transaction of $6,148,382.96. Following the transaction, the director directly owned 1,640 shares of the company’s stock, valued at $226,877.60. This trade represents a 96.44% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,297,706 shares of company stock worth $170,365,427. 8.70% of the stock is owned by insiders.

Analysts Set New Price Targets

DDOG has been the subject of a number of research analyst reports. Citigroup lifted their target price on Datadog from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, August 18th. Guggenheim reissued a “sell” rating and issued a $105.00 target price on shares of Datadog in a report on Tuesday, July 8th. Monness Crespi & Hardt lifted their price objective on Datadog from $160.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. UBS Group set a $165.00 price objective on Datadog and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Bank of America lifted their price target on shares of Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.00.

Datadog Stock Performance

NASDAQ DDOG opened at $152.70 on Thursday. The firm has a market cap of $53.25 billion, a price-to-earnings ratio of 436.30, a price-to-earnings-growth ratio of 55.71 and a beta of 1.21. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $136.45 and a 200-day moving average price of $122.72. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08.

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

Datadog 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.