KBC Group NV Decreases Stake in Datadog, Inc. $DDOG

KBC Group NV reduced its position in Datadog, Inc. (NASDAQ:DDOG) by 19.3% during the first quarter, HoldingsChannel reports. The fund owned 204,722 shares of the company’s stock after selling 48,933 shares during the quarter. KBC Group NV’s holdings in Datadog were worth $24,168,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in shares of Datadog in the fourth quarter valued at approximately $209,000. Bison Wealth LLC purchased a new stake in shares of Datadog during the 4th quarter valued at approximately $228,000. Empowered Funds LLC boosted its holdings in Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after buying an additional 672 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after buying an additional 115 shares during the period. Finally, Sivia Capital Partners LLC purchased a new position in Datadog in the 2nd quarter valued at approximately $509,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Multiple analysts raised their price targets on Datadog, including Citizens JMP to $311, Wells Fargo to $295, and Oppenheimer to $300, all while maintaining bullish ratings. Read More
• Positive Sentiment: JMP Securities said infrastructure software remains in a stronger position than application software and called Datadog a top performer in its coverage, reinforcing optimism around the company’s cloud monitoring business. Article Title
• Neutral Sentiment: Datadog has surged sharply year to date, which has led some analysts to say the stock may have less room to run and could be vulnerable if upcoming results disappoint. Article Title
• Neutral Sentiment: Morgan Stanley said sentiment across software stocks has become too negative, suggesting some names could rebound, but the call was broad-based rather than specific to Datadog. Article Title
• Negative Sentiment: Investors are also digesting a headline noting that DDOG stock fell in the latest session, reflecting some profit-taking after its recent rally. Article Title

Analysts Set New Price Targets

DDOG has been the topic of a number of analyst reports. Raymond James Financial boosted their target price on shares of Datadog from $170.00 to $220.00 in a report on Thursday, May 7th. Rothschild & Co Redburn began coverage on Datadog in a report on Thursday, April 23rd. They issued a “buy” rating and a $170.00 price target for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $226.00 price target on shares of Datadog in a research report on Thursday, June 11th. Jefferies Financial Group reiterated a “hold” rating and set a $280.00 price objective (up from $210.00) on shares of Datadog in a research note on Tuesday. Finally, Citigroup reissued a “market outperform” rating on shares of Datadog in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.07.

Insider Activity

In other news, General Counsel Kerry Acocella sold 5,371 shares of Datadog stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $233.91, for a total transaction of $1,256,330.61. Following the completion of the sale, the general counsel owned 127,866 shares in the company, valued at approximately $29,909,136.06. This trade represents a 4.03% 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, CEO Olivier Pomel sold 84,698 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total value of $19,675,345.40. Following the transaction, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at $142,341,128.10. The trade was a 12.14% 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. In the last quarter, insiders have sold 1,396,309 shares of company stock worth $317,712,002. Company insiders own 6.48% of the company’s stock.

Datadog Trading Down 3.2%

Datadog stock opened at $254.79 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70. The stock has a market cap of $90.70 billion, a P/E ratio of 670.52, a PEG ratio of 26.76 and a beta of 1.54. The firm’s fifty day moving average price is $238.98 and its 200-day moving average price is $166.45.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data 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. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s quarterly revenue was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities research analysts forecast that Datadog, Inc. will post 0.64 earnings per share for the current fiscal year.

Datadog Company 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.