Ninety One UK Ltd purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,878 shares of the company’s stock, valued at approximately $1,062,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC increased its stake in Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after buying an additional 45 shares during the last quarter. State of Wyoming boosted its stake in shares of Datadog by 4.1% in the 1st quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after buying an additional 76 shares during the last quarter. Roberts Wealth Advisors LLC boosted its stake in shares of Datadog by 0.6% in the 3rd quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock worth $4,305,000 after buying an additional 91 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Datadog by 44.1% in the 2nd quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock worth $80,000 after buying an additional 94 shares during the last quarter. Finally, Quadcap Wealth Management LLC grew its holdings in shares of Datadog by 5.5% in the first quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company’s stock valued at $233,000 after acquiring an additional 102 shares in the last quarter. 78.29% of the stock is owned by institutional investors.
Datadog Stock Performance
Shares of DDOG stock opened at $266.25 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The firm has a market cap of $95.61 billion, a price-to-earnings ratio of 543.38, a P/E/G ratio of 26.28 and a beta of 1.51. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $300.68. The firm’s 50-day simple moving average is $246.42 and its two-hundred day simple moving average is $221.08.
Datadog (NASDAQ:DDOG – Get Free Report) last released its 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. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $0.46 EPS. The company’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. As a group, equities analysts forecast that Datadog, Inc. will post 0.70 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently commented on DDOG shares. Arete Research increased their price target on Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Needham & Company LLC lifted their price target on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Mizuho boosted their price objective on Datadog from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets set a $300.00 price objective on Datadog in a research report on Friday, August 7th. Finally, Robert W. Baird set a $300.00 price objective on Datadog in a research note on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and an average price target of $281.18.
Read Our Latest Stock Analysis on Datadog
Insider Buying and Selling
In related news, insider Yanbing Li sold 12,700 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.26, for a total value of $2,810,002.00. Following the transaction, the insider owned 250,446 shares in the company, valued at approximately $55,413,681.96. This represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 10,000 shares of the stock in a transaction on Monday, September 21st. The shares were sold at an average price of $241.25, for a total value of $2,412,500.00. Following the transaction, the chief financial officer directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 991,988 shares of company stock worth $241,440,796 in the last three months. Insiders own 6.48% of the company’s stock.
Datadog 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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