Triumph Capital Management increased its position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 28,455.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,709 shares of the company’s stock after buying an additional 9,675 shares during the period. Triumph Capital Management’s holdings in Datadog were worth $2,659,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Integrated Wealth Concepts LLC increased its position in shares of Datadog by 1,691.4% during the second quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after acquiring an additional 175,821 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of Datadog by 3.0% in the third quarter. Congress Asset Management Co. now owns 268,825 shares of the company’s stock worth $71,350,000 after acquiring an additional 7,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Datadog by 7,711.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company’s stock valued at $25,755,000 after purchasing an additional 92,844 shares during the last quarter. Cooper Financial Group boosted its holdings in Datadog by 188.1% in the third quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock valued at $5,733,000 after purchasing an additional 13,669 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in Datadog by 133.7% in the first quarter. iA Global Asset Management Inc. now owns 94,540 shares of the company’s stock valued at $11,160,000 after purchasing an additional 54,084 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.
Insider Buying and Selling at Datadog
In related news, CFO David Obstler sold 10,000 shares of the company’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 transaction of $2,412,500.00. Following the sale, the chief financial officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of the firm’s stock in a transaction 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 $55,413,681.96. This trade represents a 4.83% 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. In the last 90 days, insiders sold 991,988 shares of company stock worth $241,440,796. 6.48% of the stock is owned by insiders.
Datadog Stock Down 4.9%
Datadog (NASDAQ:DDOG – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $0.46 EPS. Datadog’s quarterly 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. Research analysts predict that Datadog, Inc. will post 0.70 EPS for the current year.
Wall Street Analyst Weigh In
DDOG has been the topic of several analyst reports. Guggenheim lifted their price objective on Datadog from $225.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. UBS Group reduced their target price on Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Rosenblatt Securities raised their price target on shares of Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Oppenheimer lifted their price target on shares of Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, July 20th. Finally, Needham & Company LLC upped their price target on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $280.51.
Read Our Latest Research Report on Datadog
Datadog Company 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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