Datadog, Inc. $DDOG Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 1.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 132,583 shares of the company’s stock after acquiring an additional 2,129 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Datadog were worth $15,651,000 as of its most recent SEC filing.

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

Insider Buying and Selling

In other Datadog news, CFO David M. Obstler sold 75,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief financial officer owned 434,591 shares in the company, valued at approximately $100,690,388.79. This represents a 14.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Dev Ittycheria sold 120,000 shares of the firm’s stock in a transaction 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 completion of the sale, the director owned 39,235 shares of the company’s stock, valued at $9,760,883.30. This trade represents a 75.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,396,309 shares of company stock worth $317,712,002 in the last ninety days. Insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $226.00 price objective on shares of Datadog in a report on Thursday, June 11th. Rosenblatt Securities lifted their target price on shares of Datadog from $178.00 to $220.00 and gave the company a “buy” rating in a report on Friday, May 8th. Guggenheim upped their price target on shares of Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore increased their price target on shares of Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 10th. Finally, Stifel Nicolaus set a $305.00 price objective on shares of Datadog in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $261.68.

Datadog Trading Up 1.0%

NASDAQ:DDOG opened at $246.86 on Friday. The firm has a market cap of $87.87 billion, a P/E ratio of 649.65, a PEG ratio of 25.10 and a beta of 1.54. 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 stock’s 50 day simple moving average is $241.40 and its 200-day simple moving average is $168.56. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $278.70.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping 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 business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s quarterly 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. Equities analysts anticipate that Datadog, Inc. will post 0.64 EPS for the current year.

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.