First Citizens Bank & Trust Co. Buys New Position in Datadog, Inc. $DDOG

First Citizens Bank & Trust Co. bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 50,610 shares of the company’s stock, valued at approximately $13,860,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DDOG. Employees Provident Fund Board purchased a new stake in Datadog in the 4th quarter worth $251,582,000. First Trust Advisors LP increased its position in shares of Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Datadog by 162.2% during the first 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after purchasing an additional 615,090 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Trending Headlines about Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: RBC raised its price target for Datadog from $280 to $320 and maintained an “outperform” rating, implying further upside from the recent trading level. Royal Bank Of Canada Issues Positive Forecast for Datadog Stock Price
• Positive Sentiment: Yorkville Ives increased its Datadog target to $335, adding to the series of favorable analyst views and signaling confidence in demand for the company’s cloud monitoring and observability products. Yorkville Ives raises target for Datadog stock
• Positive Sentiment: Wall Street’s average brokerage recommendation remains equivalent to a Buy. However, the source cautions that analyst ratings can be overly optimistic and should be weighed alongside valuation and fundamentals. Is Datadog a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Investors continue to focus on whether rising AI observability demand can accelerate Datadog’s growth. Separately, questions about OpenAI’s revenue outlook and AI infrastructure spending could create volatility across AI-related stocks, although they may also present opportunities for established observability providers. Is Broader AI Observability Demand Lifting Datadog?
• Negative Sentiment: Datadog CTO Amit Agarwal sold approximately $14.75 million of stock. The insider transaction may weigh on sentiment, particularly as the shares trade near their 52-week high and at an elevated valuation, including a very high price-to-earnings ratio. Datadog CTO Sells Stock

Datadog Stock Down 1.4%

Shares of NASDAQ:DDOG opened at $283.34 on Wednesday. The firm has a market capitalization of $101.74 billion, a PE ratio of 578.26, a price-to-earnings-growth ratio of 28.04 and a beta of 1.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $300.68. The firm’s 50-day moving average is $245.95 and its two-hundred day moving average is $218.99.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (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 firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business posted $0.46 earnings per share. Datadog’s revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Analysts predict that Datadog, Inc. will post 0.70 EPS for the current year.

Analyst Ratings Changes

DDOG has been the topic of several recent research reports. Robert W. Baird set a $300.00 target price on shares of Datadog in a research note on Friday, August 7th. DA Davidson reissued a “buy” rating and issued a $315.00 target price on shares of Datadog in a research note on Friday, August 7th. Wedbush assumed coverage on Datadog in a report on Friday, September 11th. They issued an “outperform” rating and a $275.00 price target for the company. Royal Bank Of Canada lifted their price objective on Datadog from $280.00 to $320.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Guggenheim boosted their price objective on Datadog from $225.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $280.51.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction 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. The trade was a 9.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. The trade was a 17.18% decrease in their ownership of the stock. 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 sold a total of 991,988 shares of company stock valued at $241,440,796 in the last quarter. Company insiders own 6.48% of the company’s stock.

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.