Datadog, Inc. $DDOG Stock Purchased by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Datadog, Inc. (NASDAQ:DDOG) by 94.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 150,397 shares of the company’s stock after acquiring an additional 73,248 shares during the period. State of Alaska Department of Revenue’s holdings in Datadog were worth $41,186,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its holdings in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock worth $905,570,000 after purchasing an additional 1,439,082 shares during the last quarter. First Trust Advisors LP boosted its stake in Datadog by 81.5% in the 1st quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after buying an additional 1,654,429 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company’s stock worth $312,340,000 after buying an additional 615,090 shares during the last quarter. Employees Provident Fund Board acquired a new stake in Datadog in the 4th quarter worth about $251,582,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Datadog by 162.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock valued at $185,459,000 after buying an additional 971,910 shares during the period. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog Stock Down 2.6%

NASDAQ:DDOG traded down $7.01 on Thursday, reaching $262.32. The stock had a trading volume of 1,367,559 shares, compared to its average volume of 5,153,543. The company has a 50-day moving average of $245.68 and a 200 day moving average of $220.01. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $94.19 billion, a P/E ratio of 535.64, a price-to-earnings-growth ratio of 27.65 and a beta of 1.51. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $300.68.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (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 previous year, the company earned $0.46 earnings per share. The company’s revenue for the quarter 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. On average, research analysts predict that Datadog, Inc. will post 0.70 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction that occurred on 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 transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. This trade represents a 9.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the business’s 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 completion of the sale, the chief executive officer owned 612,747 shares of the company’s stock, valued at $175,680,692.37. This trade represents a 17.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 991,988 shares of company stock worth $241,440,796 over the last quarter. 6.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DDOG shares. Canaccord Genuity Group increased their price objective on shares of Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Needham & Company LLC boosted their target price on Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Sanford C. Bernstein cut shares of Datadog from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $180.00 to $226.00 in a research report on Monday, July 6th. Cantor Fitzgerald boosted their price objective on Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised Datadog from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $281.18.

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.