Wedmont Private Capital grew its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 376.6% during the third quarter, Holdings Channel reports. The firm owned 17,130 shares of the company’s stock after acquiring an additional 13,536 shares during the quarter. Wedmont Private Capital’s holdings in Datadog were worth $4,691,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. EMC Capital Management bought a new stake in Datadog in the second quarter worth approximately $28,000. Cornerstone Financial Management LLC boosted its holdings in shares of Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after buying an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Datadog by 341.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after buying an additional 246 shares in the last quarter. Elevation Wealth Partners LLC grew its position in shares of Datadog by 2,700.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after buying an additional 162 shares during the period. Finally, Planning Strategies Inc. grew its position in shares of Datadog by 529.6% during the 3rd quarter. Planning Strategies Inc. now owns 170 shares of the company’s stock worth $47,000 after buying an additional 143 shares during the period. Institutional investors own 78.29% of the company’s stock.
Insider Activity
In other news, CFO David Obstler sold 10,000 shares of the stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $241.25, for a total value of $2,412,500.00. Following the completion of the sale, the chief financial officer directly owned 368,067 shares of the company’s stock, valued at $88,796,163.75. This represents a 2.65% 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, General Counsel Kerry Acocella sold 5,280 shares of Datadog stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the transaction, the general counsel directly owned 115,243 shares in the company, valued at approximately $26,373,360.55. The trade was a 4.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 938,076 shares of company stock worth $226,690,473. Company insiders own 6.48% of the company’s stock.
Datadog Stock Up 6.3%
Datadog (NASDAQ:DDOG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $0.46 EPS. The firm’s revenue was up 35.6% compared to the same quarter last year. 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 fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Cantor Fitzgerald boosted their target price on shares of Datadog from $226.00 to $327.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Wolfe Research reaffirmed an “outperform” rating and issued a $295.00 price target on shares of Datadog in a research note on Thursday, June 11th. Oppenheimer upped their price objective on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Weiss Ratings raised shares of Datadog from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Finally, Citigroup raised their target price on Datadog from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average target price of $278.51.
Get Our Latest Stock Analysis on DDOG
Datadog Company Profile
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.
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