Provenance Wealth Advisors LLC raised its holdings in Datadog, Inc. (NASDAQ:DDOG – Free Report) by 482.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,926 shares of the company’s stock after buying an additional 4,909 shares during the period. Provenance Wealth Advisors LLC’s holdings in Datadog were worth $1,623,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC boosted its stake 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 during the last quarter. United Asset Strategies Inc. grew its holdings in shares of Datadog by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 5,997 shares of the company’s stock valued at $1,642,000 after acquiring an additional 68 shares in the last quarter. State of Wyoming increased its position in shares of Datadog by 4.1% in the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock valued at $230,000 after acquiring an additional 76 shares during the last quarter. Roberts Wealth Advisors LLC increased its position in shares of Datadog by 0.6% in the third quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock valued at $4,305,000 after acquiring an additional 91 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Datadog by 44.1% in the second quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock valued at $80,000 after acquiring an additional 94 shares during the last quarter. 78.29% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Benchmark reissued a “buy” rating on shares of Datadog in a research report on Tuesday, July 28th. The Goldman Sachs Group restated a “sell” rating and issued a $158.00 price target on shares of Datadog in a research note on Friday, August 7th. Rosenblatt Securities boosted their price target on Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and set a $280.00 price objective on shares of Datadog in a research note on Thursday, August 6th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Datadog from $280.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, October 9th. Three investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.98.
View Our Latest Report on DDOG
Datadog Stock Up 2.0%
Shares of DDOG stock opened at $220.52 on Wednesday. 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’s 50-day moving average is $250.77 and its 200-day moving average is $199.09. The stock has a market cap of $79.18 billion, a price-to-earnings ratio of 450.05, a PEG ratio of 21.09 and a beta of 1.50. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $300.68.
Datadog (NASDAQ:DDOG – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.46 EPS. Datadog’s revenue was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Sell-side analysts predict that Datadog, Inc. will post 0.70 EPS for the current year.
Datadog News Roundup
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Analysts see potential for another beat-and-raise quarter. Expectations include roughly 28.9% revenue growth, supported by AI-related demand and adoption of multiple Datadog products; Wedbush is also optimistic about the report. Datadog Likely to Deliver Another Beat-and-Raise Quarter, Wedbush Says Datadog Before Q3 Earnings: What’s in the Cards for the Stock?
- Positive Sentiment: Evercore ISI raised its price target to $300, adding to the positive analyst backdrop ahead of earnings. Datadog Price Target Raised to $300 at Evercore ISI
- Neutral Sentiment: Datadog’s CTO sold $12.06 million of shares under a preset trading plan. The planned sale may attract attention but does not, by itself, indicate a change in the company’s outlook. Datadog CTO sells stock under a preset trading plan
- Negative Sentiment: Risks include a major customer reducing usage and a high valuation that leaves little room for an earnings or growth disappointment. One analysis cautioned that investors want proof the AI opportunity is translating into durable results. Datadog: Good AI Story, But I Still Need Proof
- Negative Sentiment: Cloud-software stocks have faced concerns about AI spending and growth deceleration; Datadog also came under pressure amid a broader tech selloff. That cautious sector mood could weigh on shares even if earnings expectations are favorable. Palantir Falls Despite Earnings Beat; Datadog and Snowflake Also Slide
Insider Transactions at Datadog
In related news, General Counsel Kerry Acocella sold 5,280 shares of Datadog stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the completion of the sale, the general counsel owned 115,243 shares of the company’s stock, valued at approximately $26,373,360.55. The trade was a 4.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 business’s 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 sale, the chief financial officer owned 368,067 shares of the company’s stock, valued at approximately $88,796,163.75. This represents a 2.65% 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. Over the last ninety days, insiders have sold 765,293 shares of company stock valued at $180,233,548. Company insiders own 6.48% of the company’s stock.
Datadog Profile
Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.
Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.
See Also
- Five stocks we like better than Datadog
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG – Free Report).
Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter.
