North Star Asset Management Inc. Invests $22.65 Million in Datadog, Inc. $DDOG

North Star Asset Management Inc. purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 87,000 shares of the company’s stock, valued at approximately $22,651,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DDOG. Elevation Wealth Partners LLC boosted its holdings in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the last quarter. JPL Wealth Management LLC acquired a new position in shares of Datadog during the 3rd quarter worth about $27,000. NBC Securities Inc. boosted its stake in shares of Datadog by 242.6% during the 4th quarter. NBC Securities Inc. now owns 233 shares of the company’s stock worth $32,000 after buying an additional 165 shares during the last quarter. Rothschild Investment LLC grew its holdings in shares of Datadog by 52.5% in the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. Finally, Ancora Advisors LLC bought a new position in shares of Datadog in the 2nd quarter valued at about $80,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Trading Up 6.7%

Datadog stock opened at $242.93 on Friday. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market capitalization of $87.23 billion, a P/E ratio of 495.79, a PEG ratio of 22.17 and a beta of 1.54. The stock has a 50-day simple moving average of $249.92 and a 200 day simple moving average of $189.62.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.46 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DDOG. Needham & Company LLC upped their target price on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded Datadog from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, August 12th. Bank of America boosted their price target on Datadog from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, June 8th. Scotiabank upped their price objective on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Finally, Mizuho increased their price objective on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $276.32.

Insider Buying and Selling at Datadog

In other Datadog news, Director Dev Ittycheria sold 120,000 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $248.78, for a total transaction of $29,853,600.00. Following the completion of the sale, the director owned 39,235 shares of the company’s stock, valued at $9,760,883.30. This trade represents a 75.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO David M. Obstler sold 75,000 shares of Datadog stock in a transaction on Monday, June 8th. The stock was sold at an average price of $231.69, for a total transaction of $17,376,750.00. Following the transaction, the chief financial officer directly owned 434,591 shares of the company’s stock, valued at approximately $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. Insiders sold 1,470,714 shares of company stock worth $365,447,780 in the last three months. 6.48% of the stock is owned by insiders.

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.