Holocene Advisors LP Sells 1,155,228 Shares of Datadog, Inc. $DDOG

Holocene Advisors LP reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 62.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 695,572 shares of the company’s stock after selling 1,155,228 shares during the quarter. Holocene Advisors LP’s holdings in Datadog were worth $93,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of DDOG. V Square Quantitative Management LLC raised its holdings in Datadog by 13.8% during the 2nd quarter. V Square Quantitative Management LLC now owns 601 shares of the company’s stock valued at $81,000 after acquiring an additional 73 shares during the period. Ameritas Investment Partners Inc. raised its stake in shares of Datadog by 0.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 10,466 shares of the company’s stock valued at $1,406,000 after purchasing an additional 82 shares during the period. Biltmore Wealth Management LLC lifted its holdings in Datadog by 1.5% during the 2nd quarter. Biltmore Wealth Management LLC now owns 5,726 shares of the company’s stock worth $769,000 after purchasing an additional 86 shares in the last quarter. STF Management LP lifted its holdings in Datadog by 2.3% during the 2nd quarter. STF Management LP now owns 4,534 shares of the company’s stock worth $609,000 after purchasing an additional 104 shares in the last quarter. Finally, Main Management ETF Advisors LLC boosted its stake in Datadog by 1.7% in the 2nd quarter. Main Management ETF Advisors LLC now owns 6,597 shares of the company’s stock worth $886,000 after purchasing an additional 108 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Performance

Datadog stock opened at $146.00 on Friday. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.66 and a current ratio of 3.66. The stock has a market cap of $51.20 billion, a P/E ratio of 470.97, a price-to-earnings-growth ratio of 32.74 and a beta of 1.23. The firm’s fifty day moving average price is $162.96 and its 200-day moving average price is $144.46.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, November 6th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.10. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The business had revenue of $885.65 million for the quarter, compared to analysts’ expectations of $852.77 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The firm’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 and its Q4 2025 guidance at 0.54-0.56 EPS. On average, equities research analysts expect that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. DA Davidson upped their price target on Datadog from $180.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. KeyCorp raised shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 target price on the stock in a report on Friday, November 7th. Wolfe Research raised their price target on shares of Datadog from $175.00 to $240.00 and gave the company an “outperform” rating in a report on Friday, November 7th. Truist Financial boosted their price target on shares of Datadog from $140.00 to $195.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, UBS Group increased their price objective on Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Thirty-two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has a consensus rating of “Moderate Buy” and an average price target of $208.76.

Insider Activity

In related news, CEO Olivier Pomel sold 100,754 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $181.18, for a total transaction of $18,254,609.72. Following the transaction, the chief executive officer directly owned 533,358 shares of the company’s stock, valued at approximately $96,633,802.44. This trade represents a 15.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Amit Agarwal sold 45,444 shares of the company’s stock in a transaction that occurred on 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 directly owned 1,640 shares of the company’s stock, valued at approximately $246,131.20. This represents a 96.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,404,663 shares of company stock worth $245,102,405. 8.70% of the stock is currently owned by insiders.

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.