Revere Asset Management Inc Makes New Investment in Datadog, Inc. $DDOG

Revere Asset Management Inc bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,569 shares of the company’s stock, valued at approximately $2,752,000. Datadog comprises approximately 1.1% of Revere Asset Management Inc’s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC increased its holdings in Datadog by 17.4% in the second quarter. Tidal Investments LLC now owns 94,299 shares of the company’s stock worth $24,552,000 after purchasing an additional 13,977 shares in the last quarter. BlueCrest Capital Management Ltd boosted its holdings in shares of Datadog by 30.2% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 6,771 shares of the company’s stock worth $1,763,000 after buying an additional 1,571 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Datadog during the 2nd quarter worth approximately $297,000. NorthRock Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter worth approximately $220,000. Finally, Integrated Wealth Concepts LLC increased its stake in shares of Datadog by 1,691.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock valued at $48,483,000 after acquiring an additional 175,821 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DDOG shares. Benchmark reaffirmed a “buy” rating on shares of Datadog in a research report on Tuesday, July 28th. Morgan Stanley lifted their price target on shares of Datadog from $225.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Truist Financial upgraded shares of Datadog from a “hold” rating to a “buy” rating and upped their price objective for the stock from $190.00 to $300.00 in a report on Monday, June 15th. Zacks Research lowered shares of Datadog from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Weiss Ratings upgraded shares of Datadog from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.66.

Datadog Trading Up 4.0%

Shares of DDOG stock traded up $8.84 on Monday, hitting $230.05. 2,888,998 shares of the company’s stock traded hands, compared to its average volume of 5,443,235. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72. The company’s fifty day simple moving average is $245.59 and its 200 day simple moving average is $197.34. The stock has a market capitalization of $82.61 billion, a price-to-earnings ratio of 469.50, a P/E/G ratio of 21.48 and a beta of 1.49.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s revenue for the quarter 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 analysts forecast that Datadog, Inc. will post 0.71 EPS for the current year.

Insider Activity at Datadog

In other Datadog news, Director Julie Richardson sold 5,625 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $220.00, for a total transaction of $1,237,500.00. Following the completion of the sale, the director directly owned 3,178 shares in the company, valued at $699,160. The trade was a 63.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 16,524 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total value of $3,517,959.60. Following the completion of the sale, the chief financial officer owned 418,067 shares of the company’s stock, valued at approximately $89,006,464.30. The trade was a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,071,996 shares of company stock valued at $259,690,674 over the last three months. 6.48% of the stock is owned by insiders.

Datadog Company Profile

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.