Engineers Gate Manager LP Sells 61,056 Shares of Datadog, Inc. $DDOG

Engineers Gate Manager LP decreased its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 36.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,761 shares of the company’s stock after selling 61,056 shares during the quarter. Engineers Gate Manager LP’s holdings in Datadog were worth $28,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DDOG. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Datadog in the second quarter valued at $297,000. NorthRock Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter worth about $220,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Datadog by 1,691.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company’s stock worth $48,483,000 after buying an additional 175,821 shares during the period. RFG Advisory LLC bought a new stake in shares of Datadog during the 2nd quarter worth about $249,000. Finally, Cypress Capital Management LLC WY acquired a new position in Datadog in the 2nd quarter valued at about $77,000. 78.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. DA Davidson restated a “buy” rating and set a $315.00 price objective on shares of Datadog in a research report on Friday, August 7th. Wall Street Zen upgraded Datadog from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Needham & Company LLC lifted their price target on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Zacks Research cut Datadog from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. Finally, Rosenblatt Securities boosted their target price on shares of Datadog from $220.00 to $305.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Datadog currently has an average rating of “Moderate Buy” and an average price target of $276.32.

Datadog Price Performance

Datadog stock opened at $225.27 on Thursday. The stock has a market capitalization of $80.89 billion, a P/E ratio of 459.74, a price-to-earnings-growth ratio of 20.58 and a beta of 1.49. 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 52 week low of $98.01 and a 52 week high of $292.72. The stock has a fifty day moving average of $247.14 and a 200-day moving average of $195.75.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share 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 company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company posted $0.46 EPS. The firm’s quarterly 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. On average, sell-side analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $257.24, for a total value of $13,868,322.88. Following the completion of the transaction, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $131,142,238.20. This represents a 9.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Callahan sold 112,500 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $231.60, for a total value of $26,055,000.00. Following the sale, the director directly owned 14,996 shares in the company, valued at approximately $3,473,073.60. This trade represents a 88.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,120,370 shares of company stock worth $273,030,358. Corporate insiders own 6.48% of the company’s stock.

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.