Sound Income Strategies LLC Buys 3,510 Shares of Datadog, Inc. $DDOG

Sound Income Strategies LLC boosted its stake in Datadog, Inc. (NASDAQ:DDOG) by 217.3% in the third quarter, Holdings Channel reports. The institutional investor owned 5,125 shares of the company’s stock after acquiring an additional 3,510 shares during the quarter. Sound Income Strategies LLC’s holdings in Datadog were worth $1,403,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $175,680,692.37. The trade was a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 Monday, August 10th. The stock was sold at an average price of $253.36, for a total value of $13,659,144.32. Following the transaction, the chief technology officer directly owned 509,805 shares of the company’s stock, valued at $129,164,194.80. This represents a 9.56% 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. In the last three months, insiders have sold 991,988 shares of company stock valued at $241,440,796. Company insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on DDOG. BMO Capital Markets set a $300.00 price objective on Datadog in a report on Friday, August 7th. Weiss Ratings upgraded shares of Datadog from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and issued a $280.00 price objective on shares of Datadog in a report on Thursday, July 16th. Benchmark reiterated a “buy” rating on shares of Datadog in a report on Tuesday, July 28th. Finally, DA Davidson reissued a “buy” rating and set a $315.00 target price on shares of Datadog in a research report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $278.51.

Key Datadog News

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Analyst target increase: CIBC raised its price target on Datadog, citing continued demand for cloud services and AI-related workloads. The move reinforces bullish sentiment and suggests additional upside potential in the analyst’s view. Datadog Climbs as CIBC Raises Target on Cloud and AI Demand
• Positive Sentiment: AI-native adoption supports growth expectations: Recent coverage highlights Datadog’s ability to benefit as businesses adopt AI applications and require more observability, security and infrastructure-monitoring tools. This supports the company’s long-term growth narrative. Datadog Capitalizing on AI-Native Adoption and Cloud Observability Demand
• Positive Sentiment: Technical and investor interest: Commentary describes Datadog as approaching or reaching a potential buy point, reflecting strong momentum and optimism surrounding its growth prospects. Why Is Datadog Stock Soaring Today
• Neutral Sentiment: CTO stock sale: Chief Technology Officer Alexis Le-Quoc sold 53,912 shares worth approximately $14.8 million under a pre-arranged Rule 10b5-1 trading plan. While insider selling can attract attention, the planned nature of the transaction reduces its signaling value; he continues to own 488,033 shares.
• Negative Sentiment: Valuation concerns: After a substantial multiyear rally, investors are questioning whether Datadog’s cash flows justify its share price. With the stock trading at a very high earnings multiple, any slowdown in AI or cloud-related growth could create downside pressure. Is Datadog Priced For More Than Its Cash Flows?

Datadog Trading Up 7.1%

NASDAQ:DDOG opened at $293.26 on Friday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $294.00. The firm has a market cap of $105.30 billion, a price-to-earnings ratio of 598.50, a P/E/G ratio of 26.72 and a beta of 1.51. 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 company’s 50 day moving average is $245.78 and its 200-day moving average is $216.09.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share 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 analysts’ expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company 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. Equities analysts anticipate that Datadog, Inc. will post 0.70 EPS for the current year.

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.