HB Wealth Management LLC Buys 8,068 Shares of Datadog, Inc. $DDOG

HB Wealth Management LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 95.2% in the 2nd quarter, Holdings Channel reports. The firm owned 16,539 shares of the company’s stock after buying an additional 8,068 shares during the period. HB Wealth Management LLC’s holdings in Datadog were worth $4,306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. Nomura Asset Management Co. Ltd. grew its holdings 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 acquiring an additional 11,348 shares during the period. Norges Bank bought a new position in Datadog in the fourth quarter valued at about $469,461,000. MUFG Securities EMEA plc boosted its position in Datadog by 115.6% in the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after purchasing an additional 7,154 shares during the last quarter. BNP Paribas grew its stake in shares of Datadog by 18.4% during the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock valued at $5,614,000 after purchasing an additional 6,403 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in shares of Datadog by 90.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 9,967 shares of the company’s stock valued at $1,355,000 after purchasing an additional 4,723 shares during the period. Institutional investors own 78.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DDOG. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. BTIG Research boosted their target price on shares of Datadog from $255.00 to $289.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Evercore upped their target price on shares of Datadog from $225.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. Piper Sandler reiterated an “overweight” rating and issued a $275.00 price target (up from $230.00) on shares of Datadog in a research report on Wednesday, June 10th. Finally, Scotiabank lifted their price target on shares of Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $276.32.

Insider Activity

In related news, CEO Olivier Pomel sold 26,331 shares of Datadog stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $212.90, for a total transaction of $5,605,869.90. Following the transaction, the chief executive officer owned 586,416 shares in the company, valued at approximately $124,847,966.40. The trade was a 4.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Alexis Le-Quoc sold 21,772 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total transaction of $4,635,258.80. Following the completion of the transaction, the chief technology officer directly owned 488,033 shares of the company’s stock, valued at $103,902,225.70. This represents a 4.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 1,114,589 shares of company stock worth $271,957,031. 6.48% of the stock is currently owned by insiders.

Datadog Stock Performance

Datadog stock opened at $212.93 on Tuesday. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The firm has a market capitalization of $76.46 billion, a price-to-earnings ratio of 434.56, a P/E/G ratio of 20.85 and a beta of 1.49. The firm has a 50 day moving average of $248.93 and a 200 day moving average of $194.39. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 earnings per share. 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, research analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current year.

Datadog 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.