Corient Private Wealth LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG – Free Report) by 51.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,356 shares of the company’s stock after buying an additional 8,292 shares during the quarter. Corient Private Wealth LLC’s holdings in Datadog were worth $3,300,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Datadog by 8.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock valued at $20,762,000 after buying an additional 11,348 shares during the period. MUFG Securities EMEA plc increased its stake in shares of 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 acquiring an additional 7,154 shares during the last quarter. Norges Bank acquired a new position in shares of Datadog in the fourth quarter worth $469,461,000. BNP Paribas raised its holdings in shares of Datadog by 18.4% during the fourth quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after acquiring an additional 6,403 shares in the last quarter. Finally, Patton Fund Management Inc. raised its holdings in shares of Datadog by 1,964.8% during the fourth quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock worth $5,242,000 after acquiring an additional 36,683 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have commented on DDOG shares. Wolfe Research restated an “outperform” rating and issued a $295.00 target price on shares of Datadog in a research note on Thursday, June 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Datadog in a research note on Friday, June 12th. DA Davidson set a $250.00 price target on Datadog in a report on Friday, May 22nd. Robert W. Baird set a $210.00 price target on Datadog in a report on Friday, May 8th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price target on shares of Datadog in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Datadog presently has a consensus rating of “Moderate Buy” and an average target price of $242.09.
Datadog Trading Up 8.5%
Datadog stock opened at $239.77 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. The company has a market capitalization of $85.35 billion, a price-to-earnings ratio of 630.99, a PEG ratio of 25.29 and a beta of 1.56. Datadog, Inc. has a one year low of $98.01 and a one year high of $278.70. The company’s fifty day moving average price is $200.60 and its two-hundred day moving average price is $152.22.
Datadog (NASDAQ:DDOG – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. During the same period last year, the company earned $0.46 earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.
Insider Activity
In other news, General Counsel Kerry Acocella sold 5,371 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $233.91, for a total value of $1,256,330.61. Following the completion of the sale, the general counsel directly owned 127,866 shares in the company, valued at approximately $29,909,136.06. The trade was a 4.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 112,500 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $231.60, for a total transaction of $26,055,000.00. Following the sale, the director directly owned 14,996 shares of the company’s stock, valued at approximately $3,473,073.60. This represents a 88.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,455,364 shares of company stock valued at $306,341,930. Insiders own 6.48% 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.
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