Bank of New York Mellon Corp Boosts Stake in Datadog, Inc. $DDOG

Bank of New York Mellon Corp boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 30.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,645,827 shares of the company’s stock after acquiring an additional 615,090 shares during the quarter. Bank of New York Mellon Corp’s holdings in Datadog were worth $312,340,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp raised its stake in Datadog by 106.8% during the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Norges Bank purchased a new position in Datadog during the 4th quarter worth approximately $469,461,000. Jennison Associates LLC boosted its stake in Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company’s stock worth $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Invesco Ltd. lifted its position in Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock worth $580,383,000 after acquiring an additional 2,216,402 shares during the period. Finally, Employees Provident Fund Board purchased a new position in Datadog during the fourth quarter worth about $251,582,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DDOG has been the subject of a number of recent research reports. Truist Financial upgraded Datadog from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $190.00 to $300.00 in a research report on Monday, June 15th. Citigroup raised their price target on shares of Datadog from $218.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Scotiabank lifted their target price on Datadog from $225.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Robert W. Baird set a $210.00 price target on Datadog in a report on Friday, May 8th. Finally, The Goldman Sachs Group increased their price target on Datadog from $121.00 to $139.00 and gave the company a “sell” rating in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $251.55.

Datadog Price Performance

Shares of Datadog stock opened at $258.69 on Friday. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70. The stock has a market capitalization of $92.08 billion, a price-to-earnings ratio of 680.78, a P/E/G ratio of 26.67 and a beta of 1.54. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $236.67 and its two-hundred day moving average price is $164.54.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, equities analysts predict that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael James Callahan sold 112,500 shares of Datadog stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $231.60, for a total transaction of $26,055,000.00. Following the completion of the transaction, the director directly owned 14,996 shares in the company, valued at approximately $3,473,073.60. The trade was a 88.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David M. Obstler sold 75,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $231.69, for a total value of $17,376,750.00. Following the completion of the sale, the chief financial officer owned 434,591 shares of the company’s stock, valued at $100,690,388.79. This trade represents a 14.72% decrease in their ownership of the stock. 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 quarter, insiders have sold 1,459,533 shares of company stock valued at $325,887,030. 6.48% of the stock is owned by insiders.

About Datadog

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.