Datadog, Inc. $DDOG Stock Position Increased by Davidson Capital Management Inc.

Davidson Capital Management Inc. lifted its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 508.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,693 shares of the company’s stock after buying an additional 30,664 shares during the period. Datadog accounts for approximately 1.7% of Davidson Capital Management Inc.’s holdings, making the stock its 9th largest holding. Davidson Capital Management Inc.’s holdings in Datadog were worth $10,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Triasima Portfolio Management inc. purchased a new stake in Datadog in the 3rd quarter worth $4,481,000. Assenagon Asset Management S.A. raised its position in Datadog by 197.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock worth $669,018,000 after acquiring an additional 1,622,904 shares during the period. Ninety One UK Ltd purchased a new position in Datadog during the third quarter valued at $1,062,000. State of Alaska Department of Revenue lifted its holdings in Datadog by 94.9% during the third quarter. State of Alaska Department of Revenue now owns 150,397 shares of the company’s stock valued at $41,186,000 after purchasing an additional 73,248 shares in the last quarter. Finally, Gunderson Capital Management LLC purchased a new position in Datadog during the third quarter valued at $320,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 1.1%

NASDAQ DDOG opened at $266.25 on Friday. The business has a fifty day moving average price of $246.42 and a 200 day moving average price of $221.08. Datadog, Inc. has a one year low of $98.01 and a one year high of $300.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market cap of $95.61 billion, a P/E ratio of 543.38, a P/E/G ratio of 26.28 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 for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. 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 anticipate that Datadog, Inc. will post 0.70 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Sean Walters sold 11,710 shares of the business’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the transaction, the executive directly owned 233,135 shares in the company, valued at approximately $51,532,160.40. The trade was a 4.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $228.85, for a total transaction of $1,208,328.00. Following the transaction, the general counsel owned 115,243 shares in the company, valued at $26,373,360.55. The trade was a 4.38% 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. Over the last three months, insiders sold 991,988 shares of company stock valued at $241,440,796. Corporate insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on DDOG shares. KeyCorp lifted their target price on shares of Datadog from $225.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Sanford C. Bernstein downgraded shares of Datadog from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $180.00 to $226.00 in a research report on Monday, July 6th. Guggenheim upped their price target on shares of Datadog from $225.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Morgan Stanley raised their price target on shares of Datadog from $225.00 to $300.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Finally, Benchmark reiterated a “buy” rating on shares of Datadog in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average price target of $281.18.

Datadog Profile

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.