Kirtland Hills Capital Management LLC Buys Shares of 2,128 Datadog, Inc. $DDOG

Kirtland Hills Capital Management LLC bought a new stake in Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 2,128 shares of the company’s stock, valued at approximately $554,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its position in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after purchasing an additional 162 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Datadog in the 3rd quarter valued at $27,000. NBC Securities Inc. increased its stake in shares of Datadog by 242.6% in the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock valued at $32,000 after purchasing an additional 165 shares during the last quarter. Rothschild Investment LLC raised its holdings in shares of Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Datadog during the 3rd quarter worth $45,000. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Sanford C. Bernstein downgraded 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. The Goldman Sachs Group reissued a “sell” rating and set a $158.00 target price on shares of Datadog in a research note on Friday, August 7th. Wolfe Research reissued an “outperform” rating and issued a $295.00 target price on shares of Datadog in a report on Thursday, June 11th. KeyCorp increased their target price on shares of Datadog from $225.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Zacks Research downgraded shares of Datadog from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $276.32.

Insiders Place Their Bets

In other Datadog news, CFO David M. Obstler sold 75,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 434,591 shares in the company, valued at approximately $100,690,388.79. This represents a 14.72% 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, Director Michael James 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 transaction of $26,055,000.00. Following the transaction, the director directly owned 14,996 shares of the company’s stock, valued at $3,473,073.60. The trade was a 88.24% 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 1,512,188 shares of company stock worth $374,502,256 over the last quarter. 6.48% of the stock is currently owned by corporate insiders.

Datadog Price Performance

Shares of DDOG opened at $235.62 on Friday. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The business has a 50-day simple moving average of $249.81 and a two-hundred day simple moving average of $185.94. 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 $84.61 billion, a PE ratio of 480.87, a PEG ratio of 23.12 and a beta of 1.54.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Analysts anticipate that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

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.