Proficio Capital Partners LLC Buys New Position in Datadog, Inc. $DDOG

Proficio Capital Partners LLC bought a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) in the second quarter, Holdings Channel.com reports. The fund bought 2,471 shares of the company’s stock, valued at approximately $643,000.

Several other hedge funds have also recently added to or reduced their stakes in DDOG. Elevation Point Wealth Partners LLC lifted its position in shares of Datadog by 3.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock worth $242,000 after purchasing an additional 55 shares during the period. Vivaldi Capital Management LP raised its stake in Datadog by 2.8% during the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock worth $383,000 after buying an additional 74 shares during the last quarter. State of Wyoming boosted its position in Datadog by 4.1% during the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock valued at $230,000 after acquiring an additional 76 shares during the last quarter. Great Lakes Advisors LLC boosted its position in Datadog by 2.3% during the fourth quarter. Great Lakes Advisors LLC now owns 3,697 shares of the company’s stock valued at $503,000 after acquiring an additional 83 shares during the last quarter. Finally, Rothschild Investment LLC grew its holdings in Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after acquiring an additional 94 shares during the period. Institutional investors own 78.29% of the company’s stock.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 43,224 shares of the company’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $228.63, for a total transaction of $9,882,303.12. Following the transaction, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at $116,556,717.15. This represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 47,054 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $235.49, for a total value of $11,080,746.46. Following the completion of the transaction, the chief executive officer owned 612,747 shares in the company, valued at approximately $144,295,791.03. This represents a 7.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 1,152,255 shares of company stock valued at $283,013,115. Company insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on DDOG shares. Raymond James Financial reissued an “outperform” rating and issued a $280.00 price objective on shares of Datadog in a research report on Thursday, August 6th. Citigroup raised their target price on Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Citizens Jmp lifted their target price on Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a report on Monday, July 20th. DA Davidson reissued a “buy” rating and issued a $315.00 price target on shares of Datadog in a research note on Friday, August 7th. Finally, CICC Research increased their price target on Datadog from $150.00 to $204.00 in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Datadog has an average rating of “Moderate Buy” and an average price target of $276.32.

Datadog Price Performance

DDOG stock opened at $209.23 on Thursday. The stock has a market capitalization of $75.13 billion, a PE ratio of 427.01, a price-to-earnings-growth ratio of 21.92 and a beta of 1.49. The company’s 50-day moving average is $250.31 and its 200-day moving average is $192.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $292.72.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue was up 35.6% compared to the same quarter last year. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Equities research analysts expect that Datadog, Inc. will post 0.7 EPS for the current fiscal 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.