SG Americas Securities LLC Sells 204,055 Shares of Datadog, Inc. $DDOG

SG Americas Securities LLC lowered its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 40.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 305,224 shares of the company’s stock after selling 204,055 shares during the period. SG Americas Securities LLC’s holdings in Datadog were worth $36,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Evolve Private Wealth LLC lifted its holdings in Datadog by 3.1% in the 1st quarter. Evolve Private Wealth LLC now owns 4,167 shares of the company’s stock worth $492,000 after purchasing an additional 127 shares in the last quarter. Founders Financial Securities LLC boosted its stake in Datadog by 18.3% in the 1st quarter. Founders Financial Securities LLC now owns 2,818 shares of the company’s stock worth $307,000 after purchasing an additional 436 shares during the period. Diversified Trust Co grew its holdings in Datadog by 28.4% during the 1st quarter. Diversified Trust Co now owns 9,403 shares of the company’s stock valued at $1,110,000 after buying an additional 2,078 shares in the last quarter. Nations Financial Group Inc. IA ADV purchased a new stake in Datadog during the 1st quarter valued at approximately $1,105,000. Finally, Peregrine Investment Management Inc. bought a new stake in shares of Datadog during the first quarter valued at approximately $4,132,000. Institutional investors own 78.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Arete Research boosted their target price on shares of Datadog from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of Datadog in a research note on Wednesday, June 10th. Canadian Imperial Bank of Commerce lifted their price target on shares of Datadog from $250.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, June 10th. BMO Capital Markets restated an “outperform” rating and set a $260.00 price objective on shares of Datadog in a research report on Friday, June 12th. Finally, Stifel Nicolaus set a $305.00 target price on Datadog in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, forty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $241.30.

Datadog Trading Down 0.4%

Shares of DDOG opened at $220.57 on Wednesday. The stock has a market capitalization of $78.51 billion, a PE ratio of 580.46, a P/E/G ratio of 23.70 and a beta of 1.56. The company’s fifty day moving average is $193.77 and its 200 day moving average is $150.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $278.70.

Datadog (NASDAQ:DDOG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.60 EPS for the quarter, beating 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 business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. During the same quarter last year, the business earned $0.46 earnings per share. Datadog’s quarterly revenue was up 32.1% compared to the same quarter last year. 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 expect that Datadog, Inc. will post 0.61 earnings per share for the current fiscal year.

Insider Activity

In related news, CRO Sean Michael Walters sold 11,876 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $231.02, for a total value of $2,743,593.52. Following the completion of the transaction, the executive owned 258,420 shares of the company’s stock, valued at approximately $59,700,188.40. This trade represents a 4.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,371 shares of Datadog stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $233.91, for a total value of $1,256,330.61. Following the completion of the transaction, the general counsel owned 127,866 shares of the company’s stock, valued at approximately $29,909,136.06. This represents a 4.03% 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 three months, insiders sold 1,412,140 shares of company stock worth $296,790,723. 6.48% of the stock is owned by insiders.

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.