Prostatis Group LLC Reduces Stock Holdings in Datadog, Inc. $DDOG

Prostatis Group LLC decreased its stake in Datadog, Inc. (NASDAQ:DDOG) by 44.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,871 shares of the company’s stock after selling 1,511 shares during the quarter. Prostatis Group LLC’s holdings in Datadog were worth $251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in shares of Datadog by 887.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,199 shares of the company’s stock worth $25,000 after purchasing an additional 22,646 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of Datadog by 96.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 313 shares of the company’s stock worth $30,000 after acquiring an additional 154 shares during the last quarter. Costello Asset Management INC bought a new stake in shares of Datadog during the 1st quarter worth approximately $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Datadog during the 1st quarter worth approximately $37,000. Finally, Center for Financial Planning Inc. lifted its stake in shares of Datadog by 1,189.7% during the 1st quarter. Center for Financial Planning Inc. now owns 374 shares of the company’s stock worth $37,000 after acquiring an additional 345 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DDOG shares. Bank of America raised their price target on Datadog from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. UBS Group raised their price target on Datadog from $165.00 to $189.00 and gave the stock a “buy” rating in a research note on Thursday. Canaccord Genuity Group raised their price target on Datadog from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Jefferies Financial Group raised their price target on Datadog from $135.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, August 4th. Finally, BMO Capital Markets raised their price target on Datadog from $150.00 to $154.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Twenty-four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.46.

Datadog Price Performance

Shares of DDOG stock opened at $158.74 on Monday. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $170.08. The stock has a market capitalization of $55.36 billion, a price-to-earnings ratio of 453.56, a P/E/G ratio of 62.11 and a beta of 1.21. The stock has a fifty day simple moving average of $138.06 and a two-hundred day simple moving average of $125.48. 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) last issued its 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. The business had revenue of $826.76 million during the quarter, compared to analysts’ expectations of $791.72 million. Datadog had a return on equity of 5.04% and a net margin of 4.13%.The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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. On average, analysts predict that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insider Transactions at Datadog

In other news, Director Matthew Jacobson sold 575,863 shares of the business’s stock in a transaction 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 transaction, the director directly owned 219,831 shares of the company’s stock, valued at approximately $27,909,743.76. The trade was a 72.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael James Callahan sold 91,667 shares of the business’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $157.60, for a total value of $14,446,719.20. Following the completion of the transaction, the director directly owned 12,496 shares of the company’s stock, valued at approximately $1,969,369.60. The trade was a 88.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,482,907 shares of company stock worth $201,395,584. Company insiders own 8.70% of the company’s stock.

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.