12,211 Shares of Datadog, Inc. $DDOG Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC acquired a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the third quarter, HoldingsChannel reports. The fund acquired 12,211 shares of the company’s stock, valued at approximately $3,344,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after acquiring an additional 1,439,082 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Datadog by 30.3% during the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock valued at $312,340,000 after purchasing an additional 615,090 shares during the last quarter. Employees Provident Fund Board bought a new stake in shares of Datadog during the fourth quarter valued at approximately $251,582,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Datadog by 162.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock valued at $185,459,000 after purchasing an additional 971,910 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Trading Down 4.9%

DDOG traded down $14.01 during mid-day trading on Wednesday, hitting $269.33. The stock had a trading volume of 2,978,921 shares, compared to its average volume of 5,173,134. The stock’s fifty day simple moving average is $245.95 and its 200-day simple moving average is $218.99. The firm has a market capitalization of $96.71 billion, a price-to-earnings ratio of 549.66, a price-to-earnings-growth ratio of 28.04 and a beta of 1.51. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $300.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion during 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 firm’s revenue was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. As a group, research analysts forecast that Datadog, Inc. will post 0.70 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DDOG has been the subject of a number of research reports. Citizens Jmp raised their price target on shares of Datadog from $225.00 to $311.00 and gave the company a “market outperform” rating in a report on Monday, July 20th. Mizuho upped their price objective on Datadog from $220.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. Wells Fargo & Company increased 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. Sanford C. Bernstein lowered Datadog from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $180.00 to $226.00 in a research report on Monday, July 6th. Finally, Cantor Fitzgerald lifted their target price on Datadog from $226.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.51.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the completion of the sale, the chief executive officer directly owned 612,747 shares in the company, valued at $175,680,692.37. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $253.36, for a total value of $13,659,144.32. Following the completion of the sale, the chief technology officer owned 509,805 shares of the company’s stock, valued at $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 991,988 shares of company stock valued at $241,440,796. Insiders own 6.48% of the company’s stock.

Datadog Company Profile

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.