Westpac Banking Corp Sells 13,060 Shares of Datadog, Inc. $DDOG

Westpac Banking Corp reduced its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 54.5% during the first quarter, Holdings Channel reports. The firm owned 10,915 shares of the company’s stock after selling 13,060 shares during the period. Westpac Banking Corp’s holdings in Datadog were worth $1,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. JPL Wealth Management LLC purchased a new position in Datadog in the third quarter valued at about $27,000. CoreCap Advisors LLC boosted its stake in Datadog by 1,461.5% in the 4th quarter. CoreCap Advisors LLC now owns 203 shares of the company’s stock worth $28,000 after purchasing an additional 190 shares during the period. Flagship Harbor Advisors LLC bought a new position in shares of Datadog in the fourth quarter valued at approximately $31,000. NBC Securities Inc. grew its position in shares of Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares in the last quarter. Finally, Rothschild Investment LLC grew its position in Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $245.77 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70. The firm has a market cap of $87.48 billion, a P/E ratio of 646.78, a P/E/G ratio of 25.91 and a beta of 1.54. The business’s 50 day moving average price is $239.79 and its 200-day moving average price is $167.23.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, May 7th. The company reported $0.60 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 company 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 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts anticipate that Datadog, Inc. will post 0.64 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other Datadog news, Director Dev Ittycheria sold 120,000 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $248.78, for a total value of $29,853,600.00. Following the completion of the transaction, the director directly owned 39,235 shares in the company, valued at approximately $9,760,883.30. This represents a 75.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $17,376,750.00. Following the completion of the transaction, the chief financial officer owned 434,591 shares of the company’s stock, valued at $100,690,388.79. This trade represents a 14.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 1,396,309 shares of company stock worth $317,712,002. 6.48% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DDOG shares. UBS Group boosted their price target on shares of Datadog from $220.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Citigroup reiterated a “market outperform” rating on shares of Datadog in a research report on Monday. Oppenheimer increased their price target on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday. Piper Sandler reissued an “overweight” rating and issued a $275.00 price target (up from $230.00) on shares of Datadog in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein lowered shares of Datadog from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $180.00 to $226.00 in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.68.

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.