Datadog, Inc. $DDOG Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its holdings in Datadog, Inc. (NASDAQ:DDOG) by 21.0% during the first quarter, Holdings Channel reports. The firm owned 80,072 shares of the company’s stock after selling 21,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Datadog were worth $9,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. Price T Rowe Associates Inc. MD raised its stake in Datadog by 7.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after purchasing an additional 956,993 shares during the period. State Street Corp boosted its position in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after buying an additional 7,091,075 shares during the period. Geode Capital Management LLC boosted its position in shares of Datadog by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock worth $1,227,184,000 after buying an additional 197,816 shares during the period. Jennison Associates LLC grew its holdings in shares of Datadog by 43.7% during the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock valued at $1,036,787,000 after buying an additional 2,316,994 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after buying an additional 2,216,402 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DDOG. Scotiabank increased their price objective on Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Mizuho boosted their price objective on shares of Datadog from $145.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Canaccord Genuity Group increased their target price on shares of Datadog from $225.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. BMO Capital Markets reiterated an “outperform” rating and issued a $260.00 target price on shares of Datadog in a research report on Friday, June 12th. Finally, TD Cowen raised their price target on shares of Datadog from $235.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $244.73.

Datadog Price Performance

Shares of Datadog stock opened at $260.24 on Tuesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $229.11 and a 200-day simple moving average of $161.18. The stock has a market capitalization of $92.64 billion, a price-to-earnings ratio of 684.86, a PEG ratio of 26.19 and a beta of 1.54. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. During the same period last year, the business posted $0.46 EPS. Datadog’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, sell-side analysts expect that Datadog, Inc. will post 0.64 earnings per share for the current year.

Insider Activity

In other news, Director Dev Ittycheria sold 120,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the sale, the director directly owned 39,235 shares in the company, valued at approximately $9,760,883.30. The trade was a 75.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 127,141 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $199.84, for a total value of $25,407,857.44. Following the sale, the chief executive officer owned 835,679 shares in the company, valued at approximately $167,002,091.36. This represents a 13.21% 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. Over the last ninety days, insiders sold 1,479,533 shares of company stock valued at $328,287,030. Corporate 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.