Wealthfront Advisers LLC Buys 12,595 Shares of Datadog, Inc. $DDOG

Wealthfront Advisers LLC grew its stake in Datadog, Inc. (NASDAQ:DDOG) by 83.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,602 shares of the company’s stock after buying an additional 12,595 shares during the period. Wealthfront Advisers LLC’s holdings in Datadog were worth $3,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DDOG. JPL Wealth Management LLC acquired a new stake in Datadog during the 3rd quarter valued at approximately $27,000. CoreCap Advisors LLC lifted its position in shares of Datadog by 1,461.5% in the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Datadog in the 4th quarter worth approximately $31,000. NBC Securities Inc. lifted its position in shares of Datadog by 242.6% in the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after purchasing an additional 165 shares during the period. Finally, Rothschild Investment LLC boosted its stake in shares of Datadog by 52.5% in the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after purchasing an additional 94 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Stock Performance

NASDAQ:DDOG opened at $258.69 on Monday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $278.70. The company has a fifty day moving average of $236.67 and a 200-day moving average of $164.73. The firm has a market capitalization of $92.08 billion, a P/E ratio of 680.78, a P/E/G ratio of 26.30 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business’s quarterly revenue was up 32.1% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, sell-side analysts anticipate that Datadog, Inc. will post 0.64 EPS for the current year.

Insider Activity

In other news, CFO David M. Obstler sold 75,000 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $231.69, for a total transaction of $17,376,750.00. Following the transaction, the chief financial officer owned 434,591 shares of the company’s stock, valued at $100,690,388.79. This represents a 14.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 dated 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 sale, the director 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. In the last ninety days, insiders have sold 1,439,533 shares of company stock valued at $323,367,430. Corporate insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on DDOG shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $280.00 price objective on shares of Datadog in a research report on Thursday. Wall Street Zen upgraded shares of Datadog from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Mizuho upped their price target on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. CICC Research increased their price target on Datadog from $150.00 to $204.00 in a report on Monday, May 11th. Finally, The Goldman Sachs Group lifted their price objective on Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $251.55.

About Datadog

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.