Parkside Financial Bank & Trust Boosts Holdings in Datadog, Inc. $DDOG

Parkside Financial Bank & Trust boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG) by 620.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,202 shares of the company’s stock after purchasing an additional 4,480 shares during the period. Parkside Financial Bank & Trust’s holdings in Datadog were worth $1,354,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DDOG. Brighton Jones LLC acquired a new stake in Datadog during the fourth quarter worth about $209,000. Bison Wealth LLC purchased a new stake in Datadog in the 4th quarter worth approximately $228,000. Empowered Funds LLC boosted its position in Datadog by 7.0% in the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company’s stock worth $1,023,000 after purchasing an additional 672 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company’s stock worth $76,000 after purchasing an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in shares of Datadog during the 2nd quarter worth approximately $509,000. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $210.23 on Wednesday. The firm has a market cap of $75.49 billion, a PE ratio of 429.05, a PEG ratio of 20.85 and a beta of 1.49. The firm has a fifty day moving average of $247.93 and a 200 day moving average of $195.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data 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. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $0.46 earnings per share. The company’s revenue was up 35.6% compared to the same quarter last year. 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 predict that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DDOG shares. Sanford C. Bernstein lowered shares of Datadog from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $180.00 to $226.00 in a report on Monday, July 6th. Guggenheim raised their price target on shares of Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Arete Research lifted their price objective on shares of Datadog from $260.00 to $340.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Scotiabank lifted their price objective on shares of Datadog from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, UBS Group decreased their price objective on shares of Datadog from $315.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, August 7th. One 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.32.

Insider Buying and Selling

In other Datadog news, Director Michael Callahan sold 112,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $231.60, for a total transaction of $26,055,000.00. Following the completion of the sale, the director directly owned 14,996 shares in the company, valued at approximately $3,473,073.60. The trade was a 88.24% decrease in their position. The transaction was disclosed in a 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, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at $175,680,692.37. The trade was a 17.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,132,246 shares of company stock worth $275,773,952 in the last 90 days. Insiders own 6.48% of the company’s stock.

Datadog Company Profile

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.