Whalen Wealth Management Inc. Purchases New Position in Datadog, Inc. $DDOG

Whalen Wealth Management Inc. purchased a new position in Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, HoldingsChannel reports. The firm purchased 6,543 shares of the company’s stock, valued at approximately $1,792,000.

A number of other institutional investors have also recently added to or reduced their stakes in DDOG. Elevation Wealth Partners LLC increased its position in Datadog by 2,054.2% in the third quarter. Elevation Wealth Partners LLC now owns 3,619 shares of the company’s stock worth $991,000 after buying an additional 3,451 shares during the period. Retirement Wealth Solutions LLC grew its position in shares of Datadog by 233.3% during the third quarter. Retirement Wealth Solutions LLC now owns 200 shares of the company’s stock worth $55,000 after acquiring an additional 140 shares during the last quarter. Cooper Financial Group increased its holdings in shares of Datadog by 188.1% in the 3rd quarter. Cooper Financial Group now owns 20,934 shares of the company’s stock worth $5,733,000 after acquiring an additional 13,669 shares during the period. Wealth Enhancement Trust Services Inc. lifted its position in Datadog by 544.7% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 245 shares of the company’s stock valued at $67,000 after purchasing an additional 207 shares during the last quarter. Finally, Glynn Capital Management LLC lifted its position in Datadog by 19.9% in the 3rd quarter. Glynn Capital Management LLC now owns 36,751 shares of the company’s stock valued at $10,064,000 after purchasing an additional 6,101 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Price Performance

Shares of Datadog stock traded up $1.04 on Thursday, hitting $272.38. The company had a trading volume of 963,943 shares, compared to its average volume of 5,210,956. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72. 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 company has a market cap of $97.81 billion, a PE ratio of 554.76, a PEG ratio of 27.15 and a beta of 1.51. The business has a 50-day simple moving average of $245.16 and a 200-day simple moving average of $214.50.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Research analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Insider Activity

In other news, CEO Olivier Pomel sold 127,141 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at approximately $175,680,692.37. The trade was a 17.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 40,000 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $227.47, for a total value of $9,098,800.00. Following the completion of the sale, the chief financial officer owned 378,067 shares of the company’s stock, valued at approximately $85,998,900.49. This trade represents a 9.57% decrease in their position. 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 ninety days, insiders have sold 938,076 shares of company stock worth $226,690,473. 6.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on DDOG. Robert W. Baird set a $300.00 target price on shares of Datadog in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a “sell” rating and set a $158.00 price objective on shares of Datadog in a research report on Friday, August 7th. Zacks Research lowered Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Mizuho raised their target price on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Cantor Fitzgerald boosted their price target on Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $277.73.

Datadog 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.