Cooper Financial Group Buys 13,669 Shares of Datadog, Inc. $DDOG

Cooper Financial Group grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 188.1% during the third quarter, Holdings Channel reports. The institutional investor owned 20,934 shares of the company’s stock after acquiring an additional 13,669 shares during the period. Cooper Financial Group’s holdings in Datadog were worth $5,733,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Wealth Enhancement Trust Services Inc. boosted its holdings in shares of Datadog by 544.7% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 245 shares of the company’s stock valued at $67,000 after acquiring an additional 207 shares in the last quarter. Glynn Capital Management LLC raised its holdings in Datadog by 19.9% during the third quarter. Glynn Capital Management LLC now owns 36,751 shares of the company’s stock worth $10,064,000 after purchasing an additional 6,101 shares in the last quarter. Congress Asset Management Co. raised its holdings in Datadog by 3.0% during the third quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock worth $71,350,000 after purchasing an additional 7,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Datadog by 7,711.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock worth $25,755,000 after purchasing an additional 92,844 shares during the period. Finally, Polaris Financial Partners bought a new position in Datadog during the 3rd quarter valued at $254,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Datadog Trading Down 2.5%

Shares of Datadog stock traded down $6.90 on Wednesday, reaching $271.34. 1,587,052 shares of the company were exchanged, compared to its average volume of 5,233,314. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The firm has a market capitalization of $97.43 billion, a price-to-earnings ratio of 553.77, a price-to-earnings-growth ratio of 26.98 and a beta of 1.51. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $245.16 and a 200-day moving average price of $214.50.

Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.Datadog’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter last year, the company posted $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, analysts expect that Datadog, Inc. will post 0.7 EPS for the current year.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 43,224 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $252.17, for a total transaction of $10,899,796.08. Following the sale, the chief technology officer owned 488,033 shares in the company, valued at $123,067,281.61. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $241.25, for a total transaction of $2,412,500.00. Following the completion of the sale, the chief financial officer owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. This trade represents a 2.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 958,076 shares of company stock valued at $232,038,673. Corporate insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DDOG shares. Jefferies Financial Group set a $260.00 price objective on Datadog in a research note on Thursday, August 6th. Barclays boosted their price target on shares of Datadog from $260.00 to $290.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. UBS Group reduced their price objective on shares of Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Sanford C. Bernstein cut shares of Datadog from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $180.00 to $226.00 in a research note on Monday, July 6th. Finally, Rosenblatt Securities boosted their target price on shares of Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $277.73.

View Our Latest Report on DDOG

Datadog Profile

(Free Report)

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.

Further Reading

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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