Nomura Asset Management International Reduces $274M in Datadog, Inc. ($DDOG)
Key Points
- Nomura Asset Management International changed its Datadog, Inc. ($DDOG) stake by 71.5% last quarter, cutting to 476,013 shares worth $109.45 million.
- Wall Street's consensus rating on $DDOG is Strong Buy and an average price target of $233.06.
- $DDOG last traded around $229.93.
Nomura Asset Management International reduced its position in Datadog, Inc. ($DDOG) by 71.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 476,013 shares of Datadog, Inc. after selling 1,192,034 shares during the quarter. Nomura Asset Management International's holdings in Datadog, Inc. were worth $109.45 million as of its most recent filing.
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About Datadog, Inc.
Datadog, Inc. operates an observability and security platform for cloud applications in the United States and internationally. The company's products comprise infrastructure and application performance monitoring, log management, observability pipelines, synthetics, real user monitoring, product analytics, continuous profiler, database monitoring, data observability, LLM observability, error tracking, network monitoring, incident response, workflow automation and App builder, event management, bits AI SRE, cloud cost management, cloud security, code security, cloud SIEM, threat management, sensitive data scanner, and CI visibility. Datadog, Inc. was incorporated in 2010 and is headquartered in New York, New York.
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