Datadog, Inc. $DDOG Stock Holdings Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 94.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 150,397 shares of the company’s stock after buying an additional 73,248 shares during the quarter. State of Alaska Department of Revenue’s holdings in Datadog were worth $41,186,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDOG. EMC Capital Management purchased a new position in shares of Datadog during the second quarter worth about $28,000. Cornerstone Financial Management LLC increased its position in Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after buying an additional 45 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Datadog by 341.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock valued at $38,000 after buying an additional 246 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake in Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock valued at $44,000 after buying an additional 162 shares during the last quarter. Finally, Armstrong Advisory Group Inc. purchased a new stake in Datadog in the third quarter valued at approximately $46,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DDOG shares. Rosenblatt Securities raised their target price on shares of Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Datadog from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Scotiabank increased their price target on shares of Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Citizens Jmp raised their price objective on shares of Datadog from $225.00 to $311.00 and gave the stock a “market outperform” rating in a research report on Monday, July 20th. Finally, FBN Securities assumed coverage on Datadog in a report on Friday, October 2nd. They set an “outperform” rating and a $325.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and an average target price of $281.18.

Datadog Stock Performance

Shares of NASDAQ:DDOG traded down $7.01 during midday trading on Thursday, hitting $262.32. The stock had a trading volume of 1,367,559 shares, compared to its average volume of 5,153,543. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $94.19 billion, a PE ratio of 535.64, a P/E/G ratio of 27.65 and a beta of 1.51. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $300.68. The stock has a 50 day moving average price of $245.68 and a two-hundred day moving average price of $220.01.

Datadog (NASDAQ:DDOG) last released its 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. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company earned $0.46 earnings per share. Datadog’s quarterly revenue 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. As a group, equities analysts predict that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Olivier Pomel sold 127,141 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at 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 Datadog stock in a transaction on 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 approximately $129,164,194.80. This represents a 9.56% 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 have sold 991,988 shares of company stock worth $241,440,796 over the last 90 days. 6.48% of the stock is currently owned by company insiders.

Datadog Company Profile

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.