Independent Financial Group LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG – Free Report) during the 1st quarter, HoldingsChannel.com reports. The fund bought 2,659 shares of the company’s stock, valued at approximately $314,000.
A number of other large investors have also made changes to their positions in DDOG. Nomura Asset Management Co. Ltd. boosted its position in shares of Datadog by 8.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after buying an additional 11,348 shares during the period. Norges Bank purchased a new stake in Datadog in the 4th quarter worth about $469,461,000. MUFG Securities EMEA plc boosted its position in Datadog by 115.6% during the 4th quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after acquiring an additional 7,154 shares during the period. BNP Paribas boosted its position in Datadog by 18.4% during the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after acquiring an additional 6,403 shares during the period. Finally, Patton Fund Management Inc. grew its stake in Datadog by 1,964.8% during the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock valued at $5,242,000 after acquiring an additional 36,683 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
Insider Transactions at Datadog
In other Datadog news, General Counsel Kerry Acocella sold 5,371 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the transaction, the general counsel directly owned 127,866 shares of the company’s stock, valued at $29,909,136.06. This represents a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amit Agarwal sold 20,000 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $267.41, for a total transaction of $5,348,200.00. Following the transaction, the director directly owned 1,640 shares in the company, valued at $438,552.40. The trade was a 92.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,396,309 shares of company stock valued at $317,712,002 in the last three months. 6.48% of the stock is currently owned by company insiders.
Datadog Price Performance
Datadog (NASDAQ:DDOG – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. Datadog’s quarterly revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities analysts predict that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research analysts have weighed in on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $260.00 price objective on shares of Datadog in a research note on Friday, June 12th. Wedbush initiated coverage on shares of Datadog in a research note on Monday, June 15th. They set a “neutral” rating for the company. Daiwa Securities Group boosted their price target on shares of Datadog from $190.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Piper Sandler reaffirmed an “overweight” rating and issued a $275.00 price target (up from $230.00) on shares of Datadog in a research note on Wednesday, June 10th. Finally, TD Cowen increased their price objective on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.68.
Read Our Latest Stock Report on Datadog
About Datadog
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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