Harvest Fund Management Co. Ltd Acquires 4,849 Shares of Datadog, Inc. $DDOG

Harvest Fund Management Co. Ltd grew its holdings in Datadog, Inc. (NASDAQ:DDOGFree Report) by 24.4% in the 4th quarter, Holdings Channel reports. The fund owned 24,689 shares of the company’s stock after purchasing an additional 4,849 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Datadog were worth $3,357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Elevation Point Wealth Partners LLC boosted its position in shares of Datadog by 3.3% in the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company’s stock valued at $242,000 after acquiring an additional 55 shares during the period. Chicago Partners Investment Group LLC boosted its position in shares of Datadog by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock valued at $622,000 after acquiring an additional 73 shares during the period. Vivaldi Capital Management LP boosted its position in shares of Datadog by 2.8% in the third quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company’s stock valued at $383,000 after acquiring an additional 74 shares during the period. Westside Investment Management Inc. boosted its position in shares of Datadog by 74.3% in the third quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock valued at $27,000 after acquiring an additional 75 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in shares of Datadog by 2.0% in the fourth quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock valued at $529,000 after acquiring an additional 78 shares during the period. 78.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DDOG. Bank of America raised their target price on Datadog from $225.00 to $260.00 in a research report on Thursday, May 28th. Benchmark reaffirmed a “buy” rating on shares of Datadog in a research report on Thursday, May 7th. BTIG Research raised their target price on Datadog from $212.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Morgan Stanley raised their target price on Datadog from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Finally, KeyCorp raised their target price on Datadog from $155.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $219.69.

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More Datadog News

Here are the key news stories impacting Datadog this week:

Insider Buying and Selling at Datadog

In other Datadog news, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction on Monday, May 11th. The stock was sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the completion of the transaction, the chief executive officer directly owned 835,679 shares of the company’s stock, valued at approximately $167,002,091.36. This trade represents a 13.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, Director Matthew Jacobson sold 52,832 shares of Datadog stock in a transaction on Friday, May 8th. The shares were sold at an average price of $189.28, for a total value of $10,000,040.96. Following the transaction, the director directly owned 622,726 shares of the company’s stock, valued at approximately $117,869,577.28. The trade was a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,023,526 shares of company stock valued at $182,246,367. 6.48% of the stock is currently owned by company insiders.

Datadog Stock Down 2.7%

Shares of NASDAQ DDOG opened at $243.60 on Friday. The stock has a market cap of $86.71 billion, a PE ratio of 641.07, a PEG ratio of 26.80 and a beta of 1.56. The business has a fifty day moving average of $164.88 and a two-hundred day moving average of $144.65. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $278.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40.

Datadog (NASDAQ:DDOGGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The business’s revenue was up 32.1% on a year-over-year basis. During the same period last year, the business earned $0.46 earnings per share. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities research analysts expect that Datadog, Inc. will post 0.61 earnings per share for the current fiscal year.

About Datadog

(Free Report)

Datadog (NASDAQ: DDOG) is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog’s platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company’s product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.

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Institutional Ownership by Quarter for Datadog (NASDAQ:DDOG)

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