Malaga Cove Capital LLC Sells 3,834 Shares of Datadog, Inc. $DDOG

Malaga Cove Capital LLC decreased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 21.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,236 shares of the company’s stock after selling 3,834 shares during the quarter. Malaga Cove Capital LLC’s holdings in Datadog were worth $1,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of DDOG. Goldman Sachs Group Inc. grew its position in Datadog by 259.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,658,340 shares of the company’s stock valued at $858,994,000 after purchasing an additional 6,250,942 shares during the period. Baillie Gifford & Co. grew its holdings in shares of Datadog by 12.6% during the first quarter. Baillie Gifford & Co. now owns 12,274,655 shares of the company’s stock valued at $1,217,769,000 after buying an additional 1,369,522 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of Datadog during the second quarter valued at about $177,050,000. Price T Rowe Associates Inc. MD increased its position in shares of Datadog by 23.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,729,254 shares of the company’s stock worth $667,611,000 after acquiring an additional 1,261,065 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of Datadog in the 1st quarter worth about $112,593,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DDOG shares. Guggenheim set a $105.00 price target on Datadog in a research note on Thursday. Citigroup raised their target price on Datadog from $165.00 to $170.00 and gave the company a “buy” rating in a report on Monday, August 18th. BTIG Research boosted their price target on shares of Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC upped their price objective on shares of Datadog from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their price objective on shares of Datadog from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $174.25.

Insider Activity at Datadog

In related news, Director Amit Agarwal sold 45,444 shares of Datadog stock in a transaction dated 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 sale, the director owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This trade represents a 96.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael James Callahan sold 91,667 shares of the business’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 completion of the sale, the director owned 12,496 shares in the company, valued at $1,969,369.60. This represents a 88.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,510,236 shares of company stock worth $207,339,763 in the last three months. Corporate insiders own 8.70% of the company’s stock.

Datadog Stock Up 23.1%

DDOG opened at $190.82 on Friday. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $194.87. The company’s 50-day moving average price is $148.78 and its two-hundred day moving average price is $133.91. The stock has a market cap of $66.55 billion, a price-to-earnings ratio of 545.22, a PEG ratio of 60.64 and a beta of 1.20. The company has a quick ratio of 3.43, a current ratio of 3.43 and a debt-to-equity ratio of 0.31.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.10. Datadog had a net margin of 4.13% and a return on equity of 5.04%. The company had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the previous year, the firm posted $0.46 EPS. Datadog’s revenue was up 28.4% on a year-over-year basis. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS. Q4 2025 guidance at 0.54-0.56 EPS. As a group, equities analysts expect 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.