Chevy Chase Trust Holdings LLC Takes Position in Datadog, Inc. $DDOG

Chevy Chase Trust Holdings LLC acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) in the third quarter, HoldingsChannel reports. The fund acquired 164,981 shares of the company’s stock, valued at approximately $23,493,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Clear Street Group Inc. bought a new position in Datadog during the third quarter worth $3,558,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in Datadog by 29.5% in the 3rd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 27,128 shares of the company’s stock valued at $3,876,000 after purchasing an additional 6,177 shares during the period. California Public Employees Retirement System grew its position in Datadog by 5.4% during the third quarter. California Public Employees Retirement System now owns 532,440 shares of the company’s stock worth $75,819,000 after buying an additional 27,251 shares in the last quarter. Alight Capital Management LP grew its holdings in shares of Datadog by 5.9% during the 3rd quarter. Alight Capital Management LP now owns 45,000 shares of the company’s stock worth $6,408,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Aquatic Capital Management LLC grew its stake in Datadog by 174.6% during the third quarter. Aquatic Capital Management LLC now owns 70,786 shares of the company’s stock worth $10,080,000 after buying an additional 45,010 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DDOG. Mizuho reduced their target price on Datadog from $200.00 to $170.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Needham & Company LLC reduced their target price on shares of Datadog from $220.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, February 10th. Canaccord Genuity Group reiterated a “buy” rating on shares of Datadog in a research report on Wednesday, February 11th. Barclays reduced their price objective on shares of Datadog from $195.00 to $165.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 11th. Finally, Stifel Nicolaus set a $160.00 target price on Datadog and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Thirty-six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and a consensus price target of $179.62.

Datadog Stock Performance

Shares of DDOG stock opened at $126.57 on Tuesday. Datadog, Inc. has a one year low of $81.63 and a one year high of $201.69. The firm has a 50-day moving average of $122.93 and a 200-day moving average of $141.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.38 and a quick ratio of 3.38. The company has a market cap of $44.63 billion, a P/E ratio of 408.29, a P/E/G ratio of 34.23 and a beta of 1.31.

Datadog (NASDAQ:DDOG) last announced its earnings results on Tuesday, February 10th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The firm had revenue of $953.19 million for the quarter, compared to the consensus estimate of $916.53 million. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s revenue was up 29.2% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 68,922 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $110.54, for a total transaction of $7,618,637.88. Following the transaction, the chief executive officer owned 704,821 shares of the company’s stock, valued at $77,910,913.34. This represents a 8.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $125.49, for a total transaction of $6,765,416.88. Following the sale, the chief technology officer directly owned 437,257 shares in the company, valued at approximately $54,871,380.93. This trade represents a 10.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 388,864 shares of company stock valued at $48,415,898. Company insiders own 6.67% of the company’s stock.

Datadog Company 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.