2,357 Shares in Datadog, Inc. $DDOG Bought by Journey Retirement Planning & Investment Management LLC

Journey Retirement Planning & Investment Management LLC purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,357 shares of the company’s stock, valued at approximately $645,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DDOG. Janus Henderson Group PLC boosted its stake in Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after buying an additional 1,439,082 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Datadog by 81.5% during the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock valued at $435,081,000 after purchasing an additional 1,654,429 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after purchasing an additional 615,090 shares during the last quarter. Employees Provident Fund Board bought a new stake in shares of Datadog in the 4th quarter worth approximately $251,582,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Datadog by 162.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock worth $185,459,000 after purchasing an additional 971,910 shares in the last quarter. Institutional investors own 78.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Benchmark restated a “buy” rating on shares of Datadog in a research report on Tuesday, July 28th. Citigroup raised their price objective on Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Mizuho lifted their target price on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Needham & Company LLC boosted their target price on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Datadog from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Datadog presently has an average rating of “Moderate Buy” and a consensus target price of $278.51.

Datadog Stock Up 6.3%

Shares of DDOG stock traded up $17.34 on Friday, reaching $291.14. 1,521,599 shares of the company’s stock traded hands, compared to its average volume of 5,201,597. The company has a market capitalization of $104.54 billion, a P/E ratio of 592.83, a price-to-earnings-growth ratio of 26.48 and a beta of 1.51. Datadog, Inc. has a 12-month low of $98.01 and a 12-month 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 business’s 50 day moving average price is $245.27 and its two-hundred day moving average price is $215.54.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm’s revenue was up 35.6% compared to the same quarter last year. During the same period in the prior 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. On average, equities analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. This trade represents a 9.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 40,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $227.47, for a total value of $9,098,800.00. Following the completion of the sale, the chief financial officer directly owned 378,067 shares of the company’s stock, valued at $85,998,900.49. This represents a 9.57% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 938,076 shares of company stock worth $226,690,473 over the last 90 days. 6.48% of the stock is currently owned by corporate insiders.

About Datadog

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company’s product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.