Triangle Securities Wealth Management boosted its position in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 757.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 22,690 shares of the company’s stock after buying an additional 20,045 shares during the quarter. Datadog accounts for 1.2% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 23rd biggest holding. Triangle Securities Wealth Management’s holdings in Datadog were worth $6,214,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after acquiring an additional 1,439,082 shares during the last quarter. First Trust Advisors LP grew its position in shares of Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock valued at $435,081,000 after acquiring an additional 1,654,429 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after purchasing an additional 615,090 shares during the last quarter. Employees Provident Fund Board acquired a new position in shares of Datadog during the 4th quarter worth about $251,582,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Datadog by 162.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after purchasing an additional 971,910 shares during the last quarter. 78.29% of the stock is owned by institutional investors.
Insider Activity at Datadog
In related news, CFO David Obstler sold 10,000 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $241.25, for a total value of $2,412,500.00. Following the transaction, the chief financial officer owned 368,067 shares in the company, valued at approximately $88,796,163.75. This represents a 2.65% decrease in their position. The sale was disclosed in a 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, General Counsel Kerry Acocella sold 5,280 shares of the company’s 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 transaction, the general counsel owned 115,243 shares in the company, valued at approximately $26,373,360.55. This trade represents a 4.38% 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. Insiders have sold a total of 991,988 shares of company stock worth $241,440,796 in the last quarter. 6.48% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on Datadog
Datadog Trading Down 4.9%
Shares of Datadog stock opened at $269.33 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The business has a fifty day simple moving average of $245.68 and a two-hundred day simple moving average of $220.01. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $300.68. The company has a market capitalization of $96.71 billion, a price-to-earnings ratio of 549.66, a P/E/G ratio of 27.65 and a beta of 1.51.
Datadog (NASDAQ:DDOG – Get Free Report) last released its quarterly earnings data 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 net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company earned $0.46 earnings per share. The company’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. Research analysts forecast that Datadog, Inc. will post 0.70 EPS for the current year.
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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