Pictet Asset Management Holding SA Increases Stock Position in Datadog, Inc. $DDOG

Pictet Asset Management Holding SA raised its position in Datadog, Inc. (NASDAQ:DDOG) by 0.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 634,338 shares of the company’s stock after buying an additional 2,621 shares during the period. Pictet Asset Management Holding SA owned about 0.18% of Datadog worth $74,878,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. JPL Wealth Management LLC acquired a new stake in shares of Datadog during the 3rd quarter valued at about $27,000. CoreCap Advisors LLC boosted its position in Datadog by 1,461.5% during the fourth quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Datadog in the fourth quarter valued at approximately $31,000. NBC Securities Inc. grew its holdings in Datadog by 242.6% in the fourth quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the period. Finally, Rothschild Investment LLC increased its position in shares of Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Insider Activity at Datadog

In other Datadog news, CFO David M. Obstler sold 75,000 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $231.69, for a total value of $17,376,750.00. Following the completion of the sale, the chief financial officer directly owned 434,591 shares in the company, valued at $100,690,388.79. This represents a 14.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael James Callahan sold 112,500 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $231.60, for a total value of $26,055,000.00. Following the completion of the sale, the director directly owned 14,996 shares of the company’s stock, valued at $3,473,073.60. This trade represents a 88.24% 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. Insiders have sold a total of 1,475,364 shares of company stock valued at $310,744,330 in the last three months. Company insiders own 6.48% of the company’s stock.

Datadog Trading Up 3.7%

DDOG opened at $248.66 on Tuesday. The firm has a market capitalization of $88.51 billion, a price-to-earnings ratio of 654.39, a price-to-earnings-growth ratio of 24.38 and a beta of 1.56. The company’s 50 day simple moving average is $203.11 and its two-hundred day simple moving average is $152.89. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. 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 (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. During the same period in the prior year, the business earned $0.46 earnings per share. The business’s revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Analysts expect that Datadog, Inc. will post 0.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Needham & Company LLC upped their target price on Datadog from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Wedbush initiated coverage on shares of Datadog in a research note on Monday, June 15th. They issued a “neutral” rating on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price target on shares of Datadog in a report on Friday, June 12th. Sanford C. Bernstein restated an “outperform” rating on shares of Datadog in a research report on Friday, June 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $226.00 price objective on shares of Datadog in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.09.

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.