Dimensional Fund Advisors LP boosted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 5.0% in the 1st quarter, Holdings Channel reports. The firm owned 637,015 shares of the company’s stock after buying an additional 30,241 shares during the period. Dimensional Fund Advisors LP’s holdings in Datadog were worth $75,192,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC raised its holdings in shares of Datadog by 3.3% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after buying an additional 55 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Datadog by 1.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after buying an additional 73 shares during the last quarter. Vivaldi Capital Management LP boosted its stake in Datadog by 2.8% in the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock valued at $383,000 after buying an additional 74 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Datadog by 2.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock valued at $529,000 after buying an additional 78 shares in the last quarter. Finally, Certuity LLC grew its position in Datadog by 5.4% in the fourth quarter. Certuity LLC now owns 1,588 shares of the company’s stock valued at $216,000 after acquiring an additional 82 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
Datadog Stock Performance
DDOG stock opened at $267.97 on Friday. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.76. 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 stock has a 50-day moving average price of $245.94 and a 200-day moving average price of $173.00. The firm has a market cap of $95.39 billion, a PE ratio of 705.20, a price-to-earnings-growth ratio of 27.21 and a beta of 1.54.
Insider Activity at Datadog
In related news, Director Michael James Callahan sold 112,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $231.60, for a total value of $26,055,000.00. Following the completion of the sale, the director directly owned 14,996 shares of the company’s stock, valued at $3,473,073.60. The trade was a 88.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $271.05, for a total value of $14,612,847.60. Following the transaction, the chief technology officer directly owned 531,311 shares in the company, valued at approximately $144,011,846.55. This trade represents a 9.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 1,486,587 shares of company stock worth $342,962,652. 6.48% of the stock is currently owned by insiders.
Key Stories Impacting Datadog
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Analyst price-target increases boosted sentiment. Morgan Stanley, BTIG, and Citi raised their Datadog targets to $300, $289, and $300, respectively, while maintaining bullish ratings. The revisions reflect growing confidence in Datadog’s fundamentals and helped drive a sharp recent rally. Datadog Jumped 7.7% Following Upward Price Target Revisions
- Positive Sentiment: AI-driven demand is supporting the growth narrative. An investor letter from Carillon Tower Advisers highlighted Datadog’s accelerating growth and potential demand from artificial intelligence workloads. Investors view AI adoption as a catalyst for increased observability, security, and infrastructure-monitoring spending. Datadog Rose on Accelerating Growth and AI-Driven Demand
- Positive Sentiment: Upcoming earnings expectations are favorable. Zacks and other coverage point to Datadog’s history of earnings surprises and indicators suggesting a potential beat in its upcoming report. Wall Street is also expecting year-over-year earnings growth, reinforcing bullish sentiment ahead of results. Will Datadog Beat Estimates Again in Its Next Earnings Report?
- Positive Sentiment: Cloudaware partnership expands Datadog’s capabilities. Cloudaware LogSight is being added to the Datadog Marketplace, helping customers discover previously unmonitored cloud logs and improve visibility across multicloud environments. The integration could support compliance use cases and broaden Datadog’s platform value. Cloudaware and Datadog Partner on LogSight
- Negative Sentiment: Valuation is the main risk. After a substantial rally, investors are questioning how much upside remains. Datadog trades at elevated valuation multiples, leaving the stock vulnerable to a pullback if earnings, guidance, or AI-related growth fail to exceed already-high expectations. How Much Track Is Left for DDOG Stock?
Analysts Set New Price Targets
DDOG has been the subject of a number of research reports. Canaccord Genuity Group increased their target price on shares of Datadog from $225.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. UBS Group lifted their price target on shares of Datadog from $220.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Rosenblatt Securities upped their price objective on shares of Datadog from $178.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Piper Sandler reissued an “overweight” rating and issued a $275.00 price objective (up from $230.00) on shares of Datadog in a research note on Wednesday, June 10th. Finally, Evercore raised their target price on shares of Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $266.32.
Get Our Latest Stock Analysis on DDOG
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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