IMA Advisory Services Inc. Grows Position in Datadog, Inc. $DDOG

IMA Advisory Services Inc. increased its position in Datadog, Inc. (NASDAQ:DDOG) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,892 shares of the company’s stock after buying an additional 2,493 shares during the quarter. IMA Advisory Services Inc.’s holdings in Datadog were worth $4,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DDOG. Elevation Point Wealth Partners LLC grew its holdings in Datadog by 3.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after acquiring an additional 55 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Datadog by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after acquiring an additional 73 shares during the period. Vivaldi Capital Management LP raised its stake in shares of Datadog by 2.8% during the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock valued at $383,000 after acquiring an additional 74 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Datadog by 2.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock valued at $529,000 after acquiring an additional 78 shares during the last quarter. Finally, Roberts Wealth Advisors LLC boosted its holdings in shares of Datadog by 0.6% during the fourth quarter. Roberts Wealth Advisors LLC now owns 14,041 shares of the company’s stock worth $1,909,000 after purchasing an additional 81 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Trading Down 1.4%

Shares of DDOG opened at $258.69 on Friday. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. 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’s 50-day moving average price is $236.67 and its 200-day moving average price is $164.54. The firm has a market capitalization of $92.08 billion, a price-to-earnings ratio of 680.78, a PEG ratio of 26.67 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. During the same period in the prior year, the firm earned $0.46 earnings per share. Datadog’s revenue was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

DDOG has been the topic of several recent analyst reports. CICC Research raised their target price on Datadog from $150.00 to $204.00 in a research note on Monday, May 11th. The Goldman Sachs Group upped their price target on Datadog from $121.00 to $139.00 and gave the company a “sell” rating in a research report on Tuesday, May 12th. Wolfe Research reiterated an “outperform” rating and issued a $295.00 price objective on shares of Datadog in a report on Thursday, June 11th. Scotiabank lifted their price objective on Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, June 18th. Finally, Rosenblatt Securities boosted their target price on Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $251.55.

Insider Activity

In other news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $199.84, for a total value of $25,407,857.44. Following the completion of the transaction, the chief executive officer owned 835,679 shares of the company’s stock, valued at approximately $167,002,091.36. This represents a 13.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 112,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $231.60, for a total value of $26,055,000.00. Following the completion of the transaction, the director owned 14,996 shares of the company’s stock, valued at approximately $3,473,073.60. The trade was a 88.24% 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 three months, insiders have sold 1,459,533 shares of company stock worth $325,887,030. Company 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.