NewEdge Wealth LLC Has $1.11 Million Holdings in Datadog, Inc. $DDOG

NewEdge Wealth LLC lessened its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 72.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,403 shares of the company’s stock after selling 24,682 shares during the quarter. NewEdge Wealth LLC’s holdings in Datadog were worth $1,110,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DDOG. Brighton Jones LLC acquired a new position in Datadog in the 4th quarter valued at approximately $209,000. Bison Wealth LLC acquired a new stake in shares of Datadog during the 4th quarter valued at $228,000. Empowered Funds LLC boosted its stake in shares of Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after buying an additional 672 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Datadog by 17.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after acquiring an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new position in shares of Datadog in the second quarter worth $509,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Datadog

In related news, Director Michael James Callahan sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $267.47, for a total value of $3,343,375.00. Following the transaction, the director directly owned 14,996 shares of the company’s stock, valued at approximately $4,010,980.12. This trade represents a 45.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 84,698 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total value of $19,675,345.40. Following the completion of the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at approximately $142,341,128.10. This trade represents a 12.14% decrease in their ownership of the stock. 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 a total of 1,376,309 shares of company stock worth $315,082,602 in the last 90 days. Insiders own 6.48% of the company’s stock.

Datadog Stock Up 2.0%

DDOG stock opened at $251.86 on Tuesday. The firm has a market cap of $89.65 billion, a PE ratio of 662.81, a PEG ratio of 25.10 and a beta of 1.54. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $278.70. The company has a fifty day simple moving average of $242.26 and a 200 day simple moving average of $169.61. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25.

Datadog (NASDAQ:DDOG) last posted its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. During the same period in the prior year, the business posted $0.46 earnings per share. The business’s quarterly revenue was up 32.1% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Sell-side analysts anticipate that Datadog, Inc. will post 0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on DDOG. Craig Hallum assumed coverage on Datadog in a report on Monday, June 15th. They set a “buy” rating for the company. Citigroup restated a “market outperform” rating on shares of Datadog in a research note on Monday, July 20th. The Goldman Sachs Group upped their target price on Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a research report on Tuesday, May 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $260.00 price target on shares of Datadog in a research note on Friday, June 12th. Finally, Oppenheimer lifted their price target on Datadog from $220.00 to $300.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $261.68.

About Datadog

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.