PNC Financial Services Group Inc. Boosts Stock Position in Datadog, Inc. $DDOG

PNC Financial Services Group Inc. lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 81.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,797 shares of the company’s stock after acquiring an additional 16,028 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Datadog were worth $5,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shell Asset Management Co. boosted its position in shares of Datadog by 32.4% in the third quarter. Shell Asset Management Co. now owns 421 shares of the company’s stock worth $60,000 after purchasing an additional 103 shares during the period. HighTower Advisors LLC lifted its stake in shares of Datadog by 3.0% during the 3rd quarter. HighTower Advisors LLC now owns 59,923 shares of the company’s stock valued at $8,533,000 after buying an additional 1,753 shares in the last quarter. Aberdeen Group plc boosted its holdings in Datadog by 15.0% in the 3rd quarter. Aberdeen Group plc now owns 163,724 shares of the company’s stock worth $23,314,000 after buying an additional 21,337 shares during the period. DDD Partners LLC purchased a new stake in Datadog in the 3rd quarter worth $269,000. Finally, Metis Global Partners LLC raised its holdings in Datadog by 205.1% during the third quarter. Metis Global Partners LLC now owns 10,506 shares of the company’s stock valued at $1,496,000 after acquiring an additional 7,062 shares during the period. 78.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a $160.00 price objective on Datadog and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald lowered their price target on Datadog from $220.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Citizens Jmp restated a “market perform” rating on shares of Datadog in a research note on Wednesday, February 11th. Evercore reduced their price objective on shares of Datadog from $215.00 to $175.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Finally, The Goldman Sachs Group assumed coverage on shares of Datadog in a report on Monday, January 12th. They issued a “sell” rating and a $113.00 target price on the stock. Thirty-six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $179.62.

Datadog Stock Down 4.1%

Shares of NASDAQ:DDOG opened at $115.66 on Friday. The company has a market cap of $40.56 billion, a price-to-earnings ratio of 373.10, a PEG ratio of 33.15 and a beta of 1.27. Datadog, Inc. has a 12 month low of $81.63 and a 12 month high of $201.69. The company has a current ratio of 3.38, a quick ratio of 3.66 and a debt-to-equity ratio of 0.26. The company has a 50-day moving average price of $129.27 and a 200 day moving average price of $142.89.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The business had revenue of $953.19 million for the quarter, compared to the consensus estimate of $916.53 million. Datadog had a return on equity of 4.14% and a net margin of 3.14%.The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 earnings per share. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. As a group, equities research analysts predict that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $154.05, for a total transaction of $8,305,143.60. Following the transaction, the chief technology officer directly owned 295,448 shares in the company, valued at approximately $45,513,764.40. This represents a 15.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Olivier Pomel sold 32,923 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $154.63, for a total transaction of $5,090,883.49. Following the completion of the sale, the chief executive officer directly owned 518,133 shares in the company, valued at $80,118,905.79. This trade represents a 5.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 380,515 shares of company stock valued at $55,760,478. Company insiders own 8.70% of the company’s stock.

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.