Proficio Capital Partners LLC purchased a new position in Datadog, Inc. (NASDAQ:DDOG – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,471 shares of the company’s stock, valued at approximately $643,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its stake in Datadog by 7.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock worth $1,961,496,000 after buying an additional 956,993 shares in the last quarter. State Street Corp raised its position in shares of Datadog by 106.8% in the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Datadog by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after buying an additional 197,816 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after acquiring an additional 1,439,082 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after acquiring an additional 2,216,402 shares during the period. Institutional investors and hedge funds own 78.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on DDOG shares. Citigroup lifted their price objective on shares of Datadog from $300.00 to $305.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Daiwa Securities Group raised their target price on Datadog from $190.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Barclays lifted their price target on Datadog from $260.00 to $290.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Arete Research boosted their price target on Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley upped their price objective on Datadog from $225.00 to $300.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $276.32.
Insider Buying and Selling at Datadog
In other news, CEO Olivier Pomel sold 47,054 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $235.49, for a total transaction of $11,080,746.46. Following the completion of the transaction, the chief executive officer owned 612,747 shares of the company’s stock, valued at approximately $144,295,791.03. This trade represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Matthew Jacobson sold 19,512 shares of Datadog stock in a transaction on Friday, August 14th. The stock was sold at an average price of $256.25, for a total transaction of $4,999,950.00. Following the transaction, the director owned 524,708 shares in the company, valued at approximately $134,456,425. This trade represents a 3.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,152,255 shares of company stock worth $283,013,115 over the last quarter. Insiders own 6.48% of the company’s stock.
Datadog Trading Down 6.5%
NASDAQ DDOG opened at $209.23 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The company has a market cap of $75.13 billion, a price-to-earnings ratio of 427.01, a price-to-earnings-growth ratio of 21.92 and a beta of 1.49. The business’s fifty day moving average is $250.31 and its 200 day moving average is $192.51.
Datadog (NASDAQ:DDOG – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm 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 company earned $0.46 earnings per share. The business’s quarterly 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. As a group, sell-side analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal year.
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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