PNC Financial Services Group Inc. Purchases 15,186 Shares of Datadog, Inc. $DDOG

PNC Financial Services Group Inc. grew its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 36.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,704 shares of the company’s stock after buying an additional 15,186 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Datadog were worth $6,694,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Datadog by 7.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company’s stock valued at $1,961,496,000 after acquiring an additional 956,993 shares in the last quarter. State Street Corp boosted its position in shares of Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock valued at $1,955,547,000 after buying an additional 7,091,075 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Datadog by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company’s stock valued at $1,227,184,000 after buying an additional 197,816 shares during the last quarter. Jennison Associates LLC increased its holdings in Datadog by 43.7% in the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after buying an additional 2,316,994 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Datadog by 119.2% in the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after buying an additional 2,216,402 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a $260.00 price objective on shares of Datadog in a research report on Friday, June 12th. Weiss Ratings raised shares of Datadog from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 14th. Oppenheimer boosted their target price on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, July 20th. Canaccord Genuity Group increased their price target on Datadog from $225.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Scotiabank raised their price target on Datadog from $225.00 to $275.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Two investment 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 an average rating of “Moderate Buy” and a consensus target price of $261.68.

Insider Buying and Selling

In related news, CFO David M. Obstler sold 75,000 shares of Datadog 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 transaction, the chief financial officer directly owned 434,591 shares in the company, valued at approximately $100,690,388.79. The trade was a 14.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $199.84, for a total value of $25,407,857.44. Following the sale, the chief executive officer directly owned 835,679 shares of the company’s stock, valued at $167,002,091.36. This represents a 13.21% 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 1,376,309 shares of company stock worth $315,082,602 in the last quarter. Company insiders own 6.48% of the company’s stock.

Datadog Price Performance

DDOG opened at $246.86 on Monday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. The company has a market capitalization of $87.87 billion, a PE ratio of 649.65, a PEG ratio of 25.10 and a beta of 1.54. The firm’s 50 day simple moving average is $241.40 and its two-hundred day simple moving average is $168.80.

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

Datadog 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.