RDST Capital LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 60.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 597,085 shares of the company’s stock after buying an additional 224,735 shares during the period. Datadog accounts for 6.8% of RDST Capital LLC’s portfolio, making the stock its 2nd biggest holding. RDST Capital LLC’s holdings in Datadog were worth $70,486,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of DDOG. Elevation Point Wealth Partners LLC grew its holdings in Datadog by 3.3% during the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after acquiring an additional 55 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of Datadog by 1.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after acquiring an additional 73 shares during the period. Vivaldi Capital Management LP raised its stake in Datadog by 2.8% during the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock valued at $383,000 after purchasing an additional 74 shares during the period. State of Wyoming raised its position in Datadog by 4.1% during the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock valued at $230,000 after buying an additional 76 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Datadog by 2.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock worth $529,000 after purchasing an additional 78 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Canaccord Genuity Group boosted their price objective on shares of Datadog from $225.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Guggenheim increased their target price on shares of Datadog from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 14th. Benchmark restated a “buy” rating on shares of Datadog in a report on Tuesday. Finally, TD Cowen upped their price target on shares of Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $264.84.
Key Headlines Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: BTIG Research raised its Datadog price target to $289 from $255 and maintained a Buy rating, implying approximately 15% upside from the referenced price. The upgrade reinforces confidence in Datadog’s growth outlook. BTIG price target article
- Positive Sentiment: Datadog recently outperformed the broader market, with shares advancing 2.03% in the latest completed session. Investor interest has been supported by expectations for upcoming cloud-company earnings and generally bullish Wall Street recommendations. Why Datadog outpaced the stock market
- Neutral Sentiment: The average brokerage recommendation remains equivalent to a Buy, although the concentration of bullish ratings may reduce the signal’s usefulness and leave the stock vulnerable to disappointment. Wall Street recommendations on Datadog
- Negative Sentiment: CEO Olivier Pomel sold 47,054 shares worth about $11.5 million, CTO Alexis Le-Quoc sold 43,224 shares worth approximately $11.5 million, and Director Amit Agarwal sold 20,000 shares for roughly $4.9 million. All three transactions were made under pre-arranged Rule 10b5-1 plans, which reduces their significance as discretionary bearish signals, but the sales can still pressure sentiment—particularly after DDOG’s strong run and elevated valuation.
Insider Activity at Datadog
In related news, Director Michael James Callahan sold 12,500 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $267.47, for a total value of $3,343,375.00. Following the completion of the transaction, the director directly owned 14,996 shares in the company, valued at approximately $4,010,980.12. This represents a 45.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 23rd. The stock was sold at an average price of $244.87, for a total transaction of $4,897,400.00. Following the transaction, the director directly owned 1,640 shares of the company’s stock, valued at $401,586.80. The trade was a 92.42% decrease in their ownership of the stock. 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 90 days, insiders have sold 1,486,587 shares of company stock valued at $342,962,652. Company insiders own 6.48% of the company’s stock.
Datadog Price Performance
NASDAQ DDOG opened at $250.88 on Wednesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $278.70. The company has a fifty day simple moving average of $242.98 and a 200 day simple moving average of $170.38. The company has a market cap of $89.30 billion, a P/E ratio of 660.23, a P/E/G ratio of 25.61 and a beta of 1.54.
Datadog (NASDAQ:DDOG – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm’s revenue was up 32.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, sell-side analysts predict that Datadog, Inc. will post 0.64 EPS 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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