Datadog, Inc. $DDOG Position Boosted by Westpac Banking Corp

Westpac Banking Corp lifted its stake in Datadog, Inc. (NASDAQ:DDOG) by 1,504.5% in the third quarter, Holdings Channel.com reports. The firm owned 17,906 shares of the company’s stock after acquiring an additional 16,790 shares during the quarter. Westpac Banking Corp’s holdings in Datadog were worth $2,550,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after acquiring an additional 9,748,738 shares in the last quarter. Norges Bank purchased a new position in Datadog in the second quarter valued at about $347,728,000. Dragoneer Investment Group LLC increased its position in Datadog by 729.5% in the 2nd quarter. Dragoneer Investment Group LLC now owns 2,254,563 shares of the company’s stock worth $302,855,000 after purchasing an additional 1,982,763 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Datadog by 23.3% during the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after purchasing an additional 1,130,675 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Datadog by 99.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,847,722 shares of the company’s stock valued at $247,983,000 after buying an additional 923,038 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, General Counsel Kerry Acocella sold 5,018 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total value of $795,854.80. Following the completion of the transaction, the general counsel owned 88,401 shares of the company’s stock, valued at $14,020,398.60. This represents a 5.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Shardul Shah sold 7,916 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $124.89, for a total value of $988,629.24. Following the completion of the sale, the director owned 340,701 shares of the company’s stock, valued at $42,550,147.89. This represents a 2.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 337,291 shares of company stock worth $48,909,907. 8.70% of the stock is currently owned by corporate insiders.

Datadog Price Performance

Shares of NASDAQ:DDOG opened at $110.33 on Thursday. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 355.90, a PEG ratio of 28.70 and a beta of 1.27. The business has a 50 day moving average price of $127.24 and a 200 day moving average price of $142.35. The company has a quick ratio of 3.38, a current ratio of 3.38 and a debt-to-equity ratio of 0.26. Datadog, Inc. has a twelve month low of $81.63 and a twelve month high of $201.69.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The company had revenue of $953.19 million during the quarter, compared to analyst estimates of $916.53 million. During the same period in the previous year, the company earned $0.49 earnings per share. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup dropped their price objective on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of Datadog in a research report on Wednesday, January 21st. DA Davidson restated a “buy” rating and set a $225.00 price target on shares of Datadog in a report on Tuesday, February 17th. Jefferies Financial Group cut their target price on Datadog from $180.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Finally, Stifel Nicolaus set a $160.00 price target on Datadog and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Thirty-six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Datadog currently has a consensus rating of “Moderate Buy” and an average target price of $179.62.

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.