Tidal Investments LLC Raises Position in Datadog, Inc. $DDOG

Tidal Investments LLC boosted its holdings in Datadog, Inc. (NASDAQ:DDOG) by 17.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,299 shares of the company’s stock after purchasing an additional 13,977 shares during the period. Tidal Investments LLC’s holdings in Datadog were worth $24,552,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in Datadog during the 4th quarter valued at about $209,000. Bison Wealth LLC purchased a new position in Datadog in the 4th quarter worth approximately $228,000. Empowered Funds LLC lifted its position in Datadog by 7.0% in the first quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock valued at $1,023,000 after purchasing an additional 672 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in Datadog by 17.6% in the first quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock valued at $76,000 after purchasing an additional 115 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of Datadog during the second quarter valued at approximately $509,000. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on DDOG. Barclays lifted their target price on shares of Datadog from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 21st. Evercore lifted their price objective on Datadog from $225.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Robert W. Baird set a $300.00 target price on Datadog in a report on Friday, August 7th. Canaccord Genuity Group raised their price target on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Finally, BMO Capital Markets set a $300.00 price target on Datadog in a research note on Friday, August 7th. One equities research 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 issued a Sell rating to the stock. According to MarketBeat.com, Datadog has an average rating of “Moderate Buy” and a consensus price target of $276.32.

Datadog Trading Down 1.6%

NASDAQ DDOG opened at $221.72 on Friday. The stock’s 50 day moving average is $246.37 and its 200 day moving average is $196.50. 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 firm has a market capitalization of $79.62 billion, a PE ratio of 452.50, a P/E/G ratio of 22.06 and a beta of 1.49. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72.

Datadog (NASDAQ:DDOG) last announced 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. The firm had revenue of $1.12 billion for 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%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Research analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Datadog news, CTO Alexis Le-Quoc sold 21,772 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $212.90, for a total transaction of $4,635,258.80. Following the completion of the transaction, the chief technology officer owned 488,033 shares of the company’s stock, valued at approximately $103,902,225.70. This trade represents a 4.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Julie Richardson sold 5,625 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $220.00, for a total value of $1,237,500.00. Following the transaction, the director directly owned 3,178 shares of the company’s stock, valued at approximately $699,160. This trade represents a 63.90% 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 quarter, insiders have sold 1,077,367 shares of company stock valued at $260,947,004. Insiders own 6.48% of the company’s stock.

About Datadog

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.