10,835 Shares in Datadog, Inc. $DDOG Acquired by Western Financial Corp CA

Western Financial Corp CA purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 10,835 shares of the company’s stock, valued at approximately $2,967,000. Datadog comprises about 1.0% of Western Financial Corp CA’s portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. EMC Capital Management purchased a new position in Datadog during the second quarter valued at $28,000. Cornerstone Financial Management LLC grew its stake in shares of Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after acquiring an additional 45 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Datadog by 341.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after acquiring an additional 246 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in Datadog by 2,700.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after acquiring an additional 162 shares during the period. Finally, Armstrong Advisory Group Inc. bought a new stake in Datadog during the 3rd quarter worth approximately $46,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Price Performance

DDOG stock traded down $14.01 during mid-day trading on Wednesday, hitting $269.33. The company had a trading volume of 2,978,921 shares, compared to its average volume of 5,173,134. The company has a market capitalization of $96.71 billion, a price-to-earnings ratio of 549.66, a P/E/G ratio of 28.04 and a beta of 1.51. The company has a 50-day moving average price of $245.68 and a 200 day moving average price of $220.01. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $300.68.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s 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. On average, research analysts anticipate that Datadog, Inc. will post 0.70 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $253.36, for a total value of $13,659,144.32. Following the completion of the transaction, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at approximately $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $36,452,596.11. Following the completion of the sale, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. This represents a 17.18% 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 valued at $241,440,796 over the last quarter. Corporate insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DDOG shares. Barclays upped their target price on shares of Datadog from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank Of Canada raised their price target on Datadog from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Monday. Needham & Company LLC boosted their price objective on Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wells Fargo & Company upped their price objective on Datadog from $230.00 to $295.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, FBN Securities started coverage on Datadog in a research report on Friday, October 2nd. They set an “outperform” rating and a $325.00 target price for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.51.

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.