Baird Financial Group Inc. Reduces Stock Position in Datadog, Inc. $DDOG

Baird Financial Group Inc. lessened its stake in Datadog, Inc. (NASDAQ:DDOG) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,229 shares of the company’s stock after selling 20,061 shares during the period. Baird Financial Group Inc.’s holdings in Datadog were worth $21,930,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DDOG. California State Teachers Retirement System lifted its holdings in shares of Datadog by 27,002.8% during the 2nd quarter. California State Teachers Retirement System now owns 121,189,509 shares of the company’s stock valued at $31,552,901,000 after buying an additional 120,742,361 shares during the period. State Street Corp grew its holdings in shares of Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company’s stock worth $1,955,547,000 after acquiring an additional 7,091,075 shares during the period. Norges Bank purchased a new stake in Datadog during the fourth quarter valued at $469,461,000. Invesco Ltd. increased its position in Datadog by 119.2% during the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company’s stock valued at $580,383,000 after acquiring an additional 2,216,402 shares during the last quarter. Finally, Employees Provident Fund Board purchased a new stake in Datadog during the fourth quarter valued at $251,582,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Trading Down 0.2%

Shares of NASDAQ:DDOG opened at $221.21 on Friday. The stock has a 50 day moving average of $245.59 and a 200 day moving average of $196.67. The company has a market cap of $79.43 billion, a PE ratio of 451.46, a price-to-earnings-growth ratio of 21.71 and a beta of 1.49. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, equities research analysts expect that Datadog, Inc. will post 0.7 EPS for the current year.

Insiders Place Their Bets

In other Datadog news, CEO Olivier Pomel sold 127,141 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total transaction of $36,452,596.11. Following the sale, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at $175,680,692.37. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value 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 ownership of the stock. 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 90 days, insiders have sold 1,077,367 shares of company stock worth $260,947,004. 6.48% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DDOG. BMO Capital Markets set a $300.00 target price on Datadog in a research report on Friday, August 7th. Oppenheimer upped their price target on shares of Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. KeyCorp increased their price objective on shares of Datadog from $225.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Zacks Research downgraded shares of Datadog from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Morgan Stanley boosted their target price on shares of Datadog from $225.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.66.

About Datadog

Datadog, Inc (NASDAQ:DDOG) is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company’s products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.