Dock Street Asset Management Inc. Purchases New Position in Datadog, Inc. $DDOG

Dock Street Asset Management Inc. acquired a new position in Datadog, Inc. (NASDAQ:DDOG) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 59,203 shares of the company’s stock, valued at approximately $6,989,000. Datadog accounts for approximately 0.7% of Dock Street Asset Management Inc.’s portfolio, making the stock its 25th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Datadog during the fourth quarter valued at $209,000. Bison Wealth LLC bought a new position in Datadog during the 4th quarter worth about $228,000. Empowered Funds LLC increased its position in Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Datadog in the 2nd quarter worth approximately $509,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Datadog news, CEO Olivier Pomel sold 84,698 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at approximately $142,341,128.10. This trade represents a 12.14% decrease in their ownership of the stock. The sale was disclosed in a legal 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 Amit Agarwal sold 20,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $220.92, for a total value of $4,418,400.00. Following the sale, the director owned 1,640 shares in the company, valued at $362,308.80. The trade was a 92.42% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,455,364 shares of company stock valued at $306,341,930 in the last 90 days. 6.48% of the stock is owned by insiders.

Datadog Stock Performance

Shares of DDOG opened at $222.65 on Thursday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $278.70. The stock has a fifty day moving average price of $196.02 and a 200-day moving average price of $151.12. 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 firm has a market cap of $79.25 billion, a PE ratio of 585.94, a P/E/G ratio of 23.26 and a beta of 1.56.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. During the same quarter last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 32.1% on a year-over-year basis. 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 research analysts predict that Datadog, Inc. will post 0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DDOG. Arete Research lifted their price objective on shares of Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday. Wall Street Zen raised Datadog from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Bank of America boosted their price target on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Barclays raised their price objective on Datadog from $215.00 to $260.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Datadog from $250.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating, forty-one have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Datadog has a consensus rating of “Moderate Buy” and an average price target of $241.30.

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.