Handelsbanken Fonder AB cut its holdings in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 32.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,378 shares of the company’s stock after selling 43,919 shares during the quarter. Handelsbanken Fonder AB’s holdings in Datadog were worth $12,698,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in DDOG. Hartford Investment Management Co. purchased a new position in shares of Datadog in the 3rd quarter worth about $2,689,000. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its holdings in shares of Datadog by 134.5% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 31,142 shares of the company’s stock worth $4,435,000 after buying an additional 17,860 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Datadog by 30.3% in the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock worth $5,966,877,000 after buying an additional 9,748,738 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Datadog by 71.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 170,310 shares of the company’s stock worth $24,288,000 after buying an additional 70,888 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its holdings in shares of Datadog by 1,964.8% in the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock worth $5,242,000 after buying an additional 36,683 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.
Datadog Trading Up 2.7%
Shares of DDOG opened at $218.04 on Friday. The business has a 50-day moving average of $142.27 and a 200 day moving average of $140.52. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $220.35. The firm has a market cap of $77.61 billion, a P/E ratio of 573.80, a price-to-earnings-growth ratio of 39.77 and a beta of 1.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on DDOG shares. Monness Crespi & Hardt boosted their price target on shares of Datadog from $255.00 to $270.00 in a report on Thursday, May 7th. Scotiabank boosted their price target on shares of Datadog from $160.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. UBS Group boosted their price target on shares of Datadog from $195.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Benchmark reissued a “buy” rating on shares of Datadog in a report on Thursday, May 7th. Finally, Rothschild & Co Redburn started coverage on shares of Datadog in a report on Thursday, April 23rd. They issued a “buy” rating and a $170.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and an average price target of $213.38.
View Our Latest Analysis on Datadog
Insider Buying and Selling
In related news, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $199.84, for a total value of $25,407,857.44. Following the completion of the sale, the chief executive officer owned 835,679 shares of the company’s stock, valued at approximately $167,002,091.36. This trade represents a 13.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 19,834 shares of Datadog stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $197.35, for a total value of $3,914,239.90. Following the completion of the sale, the insider directly owned 285,283 shares of the company’s stock, valued at approximately $56,300,600.05. This trade represents a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 885,963 shares of company stock worth $130,015,444 in the last quarter. 6.48% of the stock is currently owned by company insiders.
Key Datadog News
Here are the key news stories impacting Datadog this week:
- Positive Sentiment: Datadog’s Q1 results beat expectations, with EPS of $0.60 versus $0.51 expected and revenue of $1.01 billion versus $960.1 million projected, reinforcing confidence in demand for its observability and security platform.
- Positive Sentiment: Management raised FY2026 and Q2 guidance, signaling continued momentum after revenue grew 32.1% year over year, which supports the bullish stock move. 2 Software Stocks Turning AI Fears Into Fundamental Gains
- Positive Sentiment: Several analysts lifted price targets, including UBS to $220 and Piper Sandler to $230, reflecting growing optimism that Datadog can keep outperforming. Why Datadog (DDOG) Might be Well Poised for a Surge
- Positive Sentiment: Articles highlighting Datadog as an AI beneficiary and a big-data leader are adding to the bullish narrative, with investors viewing AI adoption as a tailwind for the company’s platform. Datadog Backs Dust To Link Observability With Multiplayer AI Workloads
- Neutral Sentiment: Datadog’s investment in Dust’s Series B funding round shows it is staying close to emerging AI workflows, but the direct financial impact appears limited for now.
- Negative Sentiment: Recent insider selling by CTO Alexis Le-Quoc may create a little caution, although the sale was made under a pre-arranged 10b5-1 plan and does not necessarily signal concern about the business. Insider Selling: Datadog (NASDAQ:DDOG) CTO Sells 43,224 Shares of Stock
Datadog 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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