Journey Retirement Planning & Investment Management LLC Makes New $645,000 Investment in Datadog, Inc. $DDOG

Journey Retirement Planning & Investment Management LLC bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,357 shares of the company’s stock, valued at approximately $645,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cornerstone Financial Management LLC increased its stake in shares of 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 period. State of Wyoming lifted its holdings in shares of Datadog by 4.1% during the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after buying an additional 76 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Datadog by 44.1% in the second quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock valued at $80,000 after acquiring an additional 94 shares during the period. Quadcap Wealth Management LLC grew its stake in shares of Datadog by 5.5% in the first quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company’s stock worth $233,000 after acquiring an additional 102 shares during the last quarter. Finally, GraniteShares Advisors LLC increased its position in Datadog by 1.9% during the first quarter. GraniteShares Advisors LLC now owns 5,515 shares of the company’s stock worth $651,000 after acquiring an additional 104 shares during the period. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Datadog news, CTO Alexis Le-Quoc sold 43,224 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $252.17, for a total value of $10,899,796.08. Following the completion of the sale, the chief technology officer owned 488,033 shares in the company, valued at approximately $123,067,281.61. This trade represents a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the transaction, the insider owned 250,446 shares in the company, valued at $55,413,681.96. The trade was a 4.83% 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 sold a total of 938,076 shares of company stock valued at $226,690,473 in the last 90 days. 6.48% of the stock is owned by corporate insiders.

Datadog Price Performance

Shares of NASDAQ DDOG traded up $17.34 during mid-day trading on Friday, hitting $291.14. 1,521,599 shares of the stock were exchanged, compared to its average volume of 5,201,597. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The stock’s fifty day simple moving average is $245.27 and its two-hundred day simple moving average is $215.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The company has a market cap of $104.54 billion, a P/E ratio of 592.83, a PEG ratio of 26.48 and a beta of 1.51.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping 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 business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company earned $0.46 EPS. Datadog’s revenue for the quarter was up 35.6% on a year-over-year basis. 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, analysts forecast that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DDOG shares. Raymond James Financial restated an “outperform” rating and set a $280.00 price objective on shares of Datadog in a report on Thursday, August 6th. Sanford C. Bernstein cut Datadog from an “outperform” rating to a “market perform” rating and upped their price target for the company from $180.00 to $226.00 in a report on Monday, July 6th. Benchmark reissued a “buy” rating on shares of Datadog in a report on Tuesday, July 28th. Wells Fargo & Company boosted their price objective on Datadog from $230.00 to $295.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, KeyCorp raised their target price on Datadog from $225.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Datadog presently has an average rating of “Moderate Buy” and a consensus price target of $278.51.

About Datadog

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.