Northwestern Mutual Wealth Management Co. Has $2.96 Million Holdings in Datadog, Inc. $DDOG

Northwestern Mutual Wealth Management Co. lifted its position in Datadog, Inc. (NASDAQ:DDOG) by 20.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,052 shares of the company’s stock after purchasing an additional 3,715 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Datadog were worth $2,962,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in shares of Datadog in the 4th quarter valued at $209,000. Bison Wealth LLC acquired a new position in Datadog in the fourth quarter worth about $228,000. PNC Financial Services Group Inc. lifted its stake in Datadog by 1.8% during the first quarter. PNC Financial Services Group Inc. now owns 18,514 shares of the company’s stock worth $1,837,000 after purchasing an additional 322 shares during the period. ING Groep NV acquired a new stake in Datadog during the first quarter valued at approximately $1,053,000. Finally, Thoroughbred Financial Services LLC grew its stake in shares of Datadog by 31.5% in the 1st quarter. Thoroughbred Financial Services LLC now owns 4,120 shares of the company’s stock valued at $408,000 after purchasing an additional 988 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $153.00 on Friday. The stock has a 50-day simple moving average of $162.51 and a 200 day simple moving average of $142.97. The stock has a market capitalization of $53.65 billion, a price-to-earnings ratio of 493.55, a P/E/G ratio of 35.37 and a beta of 1.23. 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.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $852.77 million. Datadog had a net margin of 3.32% and a return on equity of 4.14%. The company’s revenue was up 28.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 EPS. 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, research analysts anticipate that Datadog, Inc. will post 0.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 32,923 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $154.63, for a total transaction of $5,090,883.49. Following the transaction, the chief executive officer owned 518,133 shares of the company’s stock, valued at approximately $80,118,905.79. This represents a 5.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 10,530 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 value of $1,670,058.00. Following the completion of the transaction, the executive owned 181,492 shares in the company, valued at $28,784,631.20. The trade was a 5.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,391,590 shares of company stock valued at $242,356,896 over the last quarter. Company insiders own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DDOG shares. BTIG Research raised their target price on Datadog from $184.00 to $221.00 and gave the stock a “buy” rating in a research report on Thursday, November 6th. Bank of America lifted their price objective on Datadog from $180.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 7th. Sanford C. Bernstein boosted their target price on shares of Datadog from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Datadog from $140.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company lifted their price target on shares of Datadog from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Thirty-one 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $207.38.

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.