Datadog, Inc. $DDOG Stock Position Raised by Versant Capital Management Inc

Versant Capital Management Inc raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 149.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,936 shares of the company’s stock after purchasing an additional 3,554 shares during the period. Versant Capital Management Inc’s holdings in Datadog were worth $1,626,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of DDOG. Employees Provident Fund Board purchased a new stake in shares of Datadog during the 4th quarter valued at $251,582,000. First Trust Advisors LP grew its position in Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after acquiring an additional 1,654,429 shares in the last quarter. Janus Henderson Group PLC grew its position in Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after acquiring an additional 1,439,082 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Datadog by 162.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after acquiring an additional 971,910 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Datadog by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after acquiring an additional 615,090 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on DDOG. Piper Sandler restated an “overweight” rating and set a $275.00 price target (up from $230.00) on shares of Datadog in a research report on Wednesday, June 10th. Zacks Research cut Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Capital One Financial increased their price objective on Datadog from $217.00 to $268.00 and gave the company an “overweight” rating in a research report on Wednesday, June 17th. Cantor Fitzgerald raised their price objective on Datadog from $226.00 to $327.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, UBS Group dropped their target price on Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.66.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 127,141 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer owned 612,747 shares in the company, valued at approximately $175,680,692.37. This trade represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction on Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the completion of the transaction, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $129,164,194.80. The trade was a 9.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,011,988 shares of company stock worth $245,906,996. 6.48% of the stock is owned by corporate insiders.

Datadog Stock Performance

Datadog stock opened at $276.46 on Friday. The firm has a fifty day simple moving average of $243.37 and a two-hundred day simple moving average of $210.37. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The company has a market capitalization of $99.27 billion, a PE ratio of 564.22, a P/E/G ratio of 26.73 and a beta of 1.51.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Research analysts expect that Datadog, Inc. will post 0.7 EPS for the current year.

About Datadog

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.