Thrivent Financial for Lutherans Sells 76,973 Shares of Datadog, Inc. $DDOG

Thrivent Financial for Lutherans cut its position in Datadog, Inc. (NASDAQ:DDOG) by 10.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 627,061 shares of the company’s stock after selling 76,973 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.18% of Datadog worth $84,224,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Interchange Capital Partners LLC purchased a new position in shares of Datadog in the 2nd quarter worth approximately $42,000. Ameritas Advisory Services LLC purchased a new stake in Datadog during the second quarter valued at approximately $55,000. True Wealth Design LLC boosted its stake in Datadog by 679.1% in the second quarter. True Wealth Design LLC now owns 522 shares of the company’s stock valued at $70,000 after acquiring an additional 455 shares in the last quarter. Center for Financial Planning Inc. grew its holdings in Datadog by 42.0% in the second quarter. Center for Financial Planning Inc. now owns 531 shares of the company’s stock worth $71,000 after purchasing an additional 157 shares during the last quarter. Finally, Roble Belko & Company Inc increased its position in shares of Datadog by 205.8% during the second quarter. Roble Belko & Company Inc now owns 526 shares of the company’s stock worth $71,000 after purchasing an additional 354 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Rosenblatt Securities increased their price objective on Datadog from $170.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, November 6th. UBS Group upped their target price on Datadog from $189.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Cowen reissued a “buy” rating on shares of Datadog in a report on Thursday, November 6th. Cantor Fitzgerald boosted their price target on Datadog from $179.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, KeyCorp upgraded shares of Datadog from a “sector weight” rating to an “overweight” rating and set a $230.00 price objective on the stock in a report on Friday, November 7th. Thirty-two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.76.

Insiders Place Their Bets

In other Datadog news, insider Yanbing Li sold 6,715 shares of the company’s stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total value of $1,064,999.00. Following the sale, the insider directly owned 199,394 shares of the company’s stock, valued at approximately $31,623,888.40. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Olivier Pomel sold 32,923 shares of Datadog stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $154.63, for a total value of $5,090,883.49. Following the transaction, the chief executive officer owned 518,133 shares of the company’s stock, valued at $80,118,905.79. The trade was a 5.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,360,219 shares of company stock worth $238,954,022. Company insiders own 8.70% of the company’s stock.

Datadog Stock Down 2.6%

Datadog stock opened at $146.00 on Monday. The business’s 50-day simple moving average is $162.96 and its two-hundred day simple moving average is $144.85. 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 company has a market cap of $51.20 billion, a PE ratio of 470.97, a PEG ratio of 31.89 and a beta of 1.23. Datadog, Inc. has a fifty-two week low of $81.63 and a fifty-two week high of $201.69.

Datadog (NASDAQ:DDOG) last released its 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. The firm had revenue of $885.65 million during the quarter, compared to the consensus estimate of $852.77 million. Datadog had a return on equity of 4.14% and a net margin of 3.32%.The company’s revenue was up 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. Datadog has set its FY 2025 guidance at 2.000-2.020 EPS and its Q4 2025 guidance at 0.54-0.56 EPS. Equities analysts anticipate that Datadog, Inc. will post 0.34 EPS for the current 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.