3,878 Shares of Datadog, Inc. $DDOG Bought by Ninety One UK Ltd

Ninety One UK Ltd bought a new position in Datadog, Inc. (NASDAQ:DDOG) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 3,878 shares of the company’s stock, valued at approximately $1,062,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State of Alaska Department of Revenue grew its stake in Datadog by 94.9% in the 3rd quarter. State of Alaska Department of Revenue now owns 150,397 shares of the company’s stock valued at $41,186,000 after buying an additional 73,248 shares in the last quarter. Gunderson Capital Management LLC bought a new stake in shares of Datadog during the 3rd quarter valued at $320,000. Formuepleje A S bought a new stake in shares of Datadog during the third quarter valued at about $4,435,000. Turtle Creek Wealth Advisors LLC lifted its holdings in shares of Datadog by 636.5% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 16,970 shares of the company’s stock worth $4,647,000 after buying an additional 14,666 shares in the last quarter. Finally, Nvwm LLC lifted its holdings in shares of Datadog by 1,080.6% in the third quarter. Nvwm LLC now owns 850 shares of the company’s stock worth $233,000 after buying an additional 778 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Kerry Acocella sold 5,280 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $228.85, for a total value of $1,208,328.00. Following the completion of the sale, the general counsel owned 115,243 shares in the company, valued at $26,373,360.55. The trade was a 4.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.26, for a total value of $2,810,002.00. Following the completion of the sale, the insider directly owned 250,446 shares of the company’s stock, valued at approximately $55,413,681.96. This represents a 4.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 991,988 shares of company stock worth $241,440,796 over the last ninety days. Corporate insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on DDOG. Scotiabank boosted their price objective on shares of Datadog from $275.00 to $285.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Royal Bank Of Canada increased their target price on shares of Datadog from $280.00 to $320.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company raised their price target on shares of Datadog from $230.00 to $295.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Canaccord Genuity Group boosted their price objective on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein cut shares of Datadog from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $180.00 to $226.00 in a research report on Monday, July 6th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $281.18.

Datadog Stock Down 1.1%

DDOG opened at $266.25 on Friday. The business’s fifty day simple moving average is $246.42 and its 200 day simple moving average is $221.08. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $300.68. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $95.61 billion, a PE ratio of 543.38, a P/E/G ratio of 26.28 and a beta of 1.51.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’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. As a group, research analysts expect that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

Datadog Company Profile

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.