Datadog, Inc. $DDOG Shares Sold by Patton Fund Management Inc.

Patton Fund Management Inc. decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 93.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,384 shares of the company’s stock after selling 36,166 shares during the quarter. Patton Fund Management Inc.’s holdings in Datadog were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake in Datadog by 25.9% in the first quarter. Janney Montgomery Scott LLC now owns 22,593 shares of the company’s stock valued at $2,667,000 after purchasing an additional 4,653 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Datadog by 0.4% during the first quarter. Pictet Asset Management Holding SA now owns 634,338 shares of the company’s stock worth $74,878,000 after buying an additional 2,621 shares during the period. ABN AMRO Bank N.V. boosted its stake in Datadog by 14.8% in the 1st quarter. ABN AMRO Bank N.V. now owns 51,441 shares of the company’s stock worth $6,133,000 after buying an additional 6,621 shares during the last quarter. Trust Asset Management LLC acquired a new stake in Datadog in the 1st quarter worth about $429,000. Finally, Louisiana State Employees Retirement System purchased a new stake in Datadog in the 1st quarter valued at about $4,521,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Performance

NASDAQ DDOG opened at $248.66 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. The firm has a market capitalization of $88.51 billion, a P/E ratio of 654.39, a P/E/G ratio of 24.38 and a beta of 1.56. The business’s 50-day simple moving average is $203.11 and its 200-day simple moving average is $152.89.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s 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 analysts predict that Datadog, Inc. will post 0.64 EPS for the current year.

Insider Activity at Datadog

In related news, Director Michael James Callahan sold 112,500 shares of Datadog stock in a transaction on Friday, June 12th. The shares were sold at an average price of $231.60, for a total transaction of $26,055,000.00. Following the transaction, the director owned 14,996 shares in the company, valued at approximately $3,473,073.60. The trade was a 88.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 43,224 shares of Datadog stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $220.97, for a total transaction of $9,551,207.28. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at $112,651,610.85. The trade was a 7.82% decrease in their position. 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. Insiders sold 1,475,364 shares of company stock valued at $310,744,330 over the last quarter. Company insiders own 6.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DDOG shares. Jefferies Financial Group raised shares of Datadog from a “buy” rating to a “buy” rating in a research note on Monday, June 15th. Arete Research boosted their target price on shares of Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Benchmark upped their price target on shares of Datadog from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Weiss Ratings raised shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, June 11th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Datadog from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $242.09.

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.