SummitTX Capital L.P. Makes New Investment in Datadog, Inc. $DDOG

SummitTX Capital L.P. acquired a new position in Datadog, Inc. (NASDAQ:DDOG) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,282 shares of the company’s stock, valued at approximately $4,755,000.

Other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its stake in Datadog by 8.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 152,674 shares of the company’s stock worth $20,762,000 after buying an additional 11,348 shares in the last quarter. Norges Bank purchased a new position in shares of Datadog during the fourth quarter worth approximately $469,461,000. MUFG Securities EMEA plc raised its stake in shares of Datadog by 115.6% during the fourth quarter. MUFG Securities EMEA plc now owns 13,342 shares of the company’s stock worth $1,814,000 after acquiring an additional 7,154 shares in the last quarter. BNP Paribas lifted its holdings in shares of Datadog by 18.4% in the 4th quarter. BNP Paribas now owns 41,280 shares of the company’s stock worth $5,614,000 after acquiring an additional 6,403 shares during the last quarter. Finally, Patton Fund Management Inc. lifted its holdings in shares of Datadog by 1,964.8% in the 4th quarter. Patton Fund Management Inc. now owns 38,550 shares of the company’s stock worth $5,242,000 after acquiring an additional 36,683 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Datadog news, Director Amit Agarwal sold 20,000 shares of the business’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $267.41, for a total value of $5,348,200.00. Following the transaction, the director owned 1,640 shares in the company, valued at approximately $438,552.40. The trade was a 92.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $257.24, for a total transaction of $13,868,322.88. Following the completion of the transaction, the chief technology officer owned 509,805 shares in the company, valued at $131,142,238.20. The trade was a 9.56% 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 90 days, insiders have sold 1,376,309 shares of company stock worth $315,082,602. 6.48% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DDOG shares. Stifel Nicolaus set a $305.00 price objective on shares of Datadog in a research note on Thursday, May 7th. Monness Crespi & Hardt lifted their target price on shares of Datadog from $255.00 to $270.00 in a research report on Thursday, May 7th. Sanford C. Bernstein downgraded shares of Datadog from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $180.00 to $226.00 in a research note on Monday, July 6th. Wolfe Research restated an “outperform” rating and set a $295.00 price target on shares of Datadog in a research report on Thursday, June 11th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Datadog in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Datadog currently has a consensus rating of “Moderate Buy” and an average price target of $261.68.

Datadog Stock Up 2.0%

Shares of Datadog stock opened at $251.86 on Tuesday. 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 52-week low of $98.01 and a 52-week high of $278.70. The stock has a market capitalization of $89.65 billion, a price-to-earnings ratio of 662.81, a P/E/G ratio of 25.10 and a beta of 1.54. The company’s 50 day moving average price is $242.26 and its 200-day moving average price is $169.61.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The firm’s revenue for the quarter 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 EPS for the current 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.