Robocap Asset Management Ltd Decreases Stake in Datadog, Inc. $DDOG

Robocap Asset Management Ltd cut its position in Datadog, Inc. (NASDAQ:DDOG) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,747 shares of the company’s stock after selling 4,606 shares during the quarter. Datadog comprises 5.9% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 4th biggest position. Robocap Asset Management Ltd’s holdings in Datadog were worth $9,220,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new position in Datadog during the fourth quarter worth about $209,000. Bison Wealth LLC bought a new stake in shares of Datadog during the 4th quarter valued at about $228,000. Empowered Funds LLC grew its holdings in shares of Datadog by 7.0% during the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after purchasing an additional 672 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Datadog by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after purchasing an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Datadog in the second quarter worth approximately $509,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Performance

NASDAQ DDOG opened at $130.13 on Friday. The company has a 50-day simple moving average of $143.06 and a two-hundred day simple moving average of $145.54. The company has a quick ratio of 3.66, a current ratio of 3.66 and a debt-to-equity ratio of 0.29. Datadog, Inc. has a 12-month low of $81.63 and a 12-month high of $201.69. The firm has a market cap of $45.63 billion, a price-to-earnings ratio of 419.77, a PEG ratio of 23.51 and a beta of 1.26.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.45 by $0.10. The firm had revenue of $885.65 million for 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 quarterly revenue was up 28.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. On average, equities analysts forecast that Datadog, Inc. will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Moffett Nathanson reissued a “buy” rating on shares of Datadog in a research note on Monday, December 29th. UBS Group lifted their price objective on shares of Datadog from $189.00 to $225.00 and gave the stock a “buy” rating in a report on Friday, November 7th. BNP Paribas Exane cut their target price on shares of Datadog from $210.00 to $175.00 and set an “outperform” rating for the company in a research report on Thursday, January 15th. Mizuho lowered their price target on Datadog from $200.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Truist Financial dropped their price target on Datadog from $195.00 to $140.00 and set a “hold” rating for the company in a research note on Wednesday, January 7th. Thirty-four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $192.95.

Insider Transactions at Datadog

In other Datadog news, insider Yanbing Li sold 6,715 shares of the stock in a transaction on Tuesday, December 2nd. The shares were sold at an average price of $158.60, for a total transaction of $1,064,999.00. Following the completion of the sale, the insider owned 199,394 shares of the company’s stock, valued at $31,623,888.40. This represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 43,106 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $133.93, for a total transaction of $5,773,186.58. Following the completion of the sale, the chief technology officer directly owned 301,458 shares in the company, valued at approximately $40,374,269.94. This trade represents a 12.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 1,071,709 shares of company stock valued at $192,590,597. Insiders own 8.70% of the company’s stock.

Datadog Profile

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.