Delta Global Management LP increased its position in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 257.0% during the first quarter, Holdings Channel.com reports. The firm owned 70,523 shares of the company’s stock after buying an additional 50,769 shares during the quarter. Delta Global Management LP’s holdings in Datadog were worth $8,325,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Datadog during the fourth quarter worth about $209,000. Bison Wealth LLC bought a new stake in Datadog during the 4th quarter worth approximately $228,000. Empowered Funds LLC raised its stake in shares of Datadog by 7.0% in 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 during the last quarter. Geneos Wealth Management Inc. raised its stake 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 valued at approximately $509,000. Institutional investors and hedge funds own 78.29% of the company’s stock.
Insider Activity
In related news, CEO Olivier Pomel sold 84,698 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $232.30, for a total transaction of $19,675,345.40. Following the completion of the transaction, the chief executive officer owned 612,747 shares in the company, valued at approximately $142,341,128.10. This represents a 12.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amit Agarwal sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $267.41, for a total transaction of $5,348,200.00. Following the sale, the director owned 1,640 shares of the company’s stock, valued at $438,552.40. This trade represents a 92.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,396,309 shares of company stock worth $317,712,002. 6.48% of the stock is owned by insiders.
Analysts Set New Price Targets
Read Our Latest Report on DDOG
Datadog Stock Performance
Shares of DDOG opened at $246.86 on Friday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $87.87 billion, a price-to-earnings ratio of 649.65, a PEG ratio of 25.10 and a beta of 1.54. The stock has a 50 day moving average of $241.40 and a 200 day moving average of $168.56. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70.
Datadog (NASDAQ:DDOG – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. During the same period last year, the company posted $0.46 earnings per share. Datadog’s quarterly revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, sell-side analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current year.
Datadog Company 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.
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