Parkside Financial Bank & Trust Purchases 4,480 Shares of Datadog, Inc. $DDOG

Parkside Financial Bank & Trust raised its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 620.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,202 shares of the company’s stock after buying an additional 4,480 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Datadog were worth $1,354,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DDOG. JPL Wealth Management LLC bought a new position in shares of Datadog during the 3rd quarter worth approximately $27,000. EMC Capital Management acquired a new stake in Datadog in the second quarter valued at approximately $28,000. Cornerstone Financial Management LLC grew its holdings in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock worth $33,000 after purchasing an additional 45 shares during the last quarter. Rothschild Investment LLC grew its holdings in Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Datadog by 341.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock worth $38,000 after purchasing an additional 246 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Datadog Trading Down 1.3%

NASDAQ DDOG opened at $210.23 on Wednesday. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $292.72. The company has a fifty day simple moving average of $247.93 and a two-hundred day simple moving average of $195.02. 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 stock has a market cap of $75.49 billion, a P/E ratio of 429.05, a P/E/G ratio of 20.85 and a beta of 1.49.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion for 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 business’s quarterly revenue was up 35.6% compared to the same quarter last year. 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. On average, analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current year.

Insider Buying and Selling at Datadog

In related news, CEO Olivier Pomel sold 26,331 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total value of $5,605,869.90. Following the sale, the chief executive officer owned 586,416 shares in the company, valued at $124,847,966.40. This represents a 4.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Adam Blitzer sold 12,032 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $214.38, for a total transaction of $2,579,420.16. Following the completion of the transaction, the chief operating officer owned 237,927 shares in the company, valued at approximately $51,006,790.26. This trade represents a 4.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 1,132,246 shares of company stock worth $275,773,952. 6.48% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DDOG. KeyCorp increased their price objective on Datadog from $225.00 to $320.00 and gave the company an “overweight” rating in a report on Thursday, July 16th. Rosenblatt Securities boosted their target price on Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Mizuho upped their target price on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Benchmark reiterated a “buy” rating on shares of Datadog in a research note on Tuesday, July 28th. Finally, Citizens Jmp increased their price target on Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.32.

Datadog Profile

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.