Sumitomo Mitsui DS Asset Management Company Ltd Sells 23,028 Shares of Datadog, Inc. $DDOG

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 18.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,161 shares of the company’s stock after selling 23,028 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Datadog were worth $27,429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC lifted its stake in shares of Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares during the period. State of Wyoming grew its stake in Datadog by 4.1% in the first quarter. State of Wyoming now owns 1,946 shares of the company’s stock worth $230,000 after purchasing an additional 76 shares during the period. Roberts Wealth Advisors LLC grew its stake in Datadog by 0.6% in the third quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company’s stock worth $4,305,000 after purchasing an additional 91 shares during the period. Ancora Advisors LLC grew its stake in Datadog by 44.1% in the second quarter. Ancora Advisors LLC now owns 307 shares of the company’s stock worth $80,000 after purchasing an additional 94 shares during the period. Finally, Quadcap Wealth Management LLC raised its holdings in Datadog by 5.5% in the first quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company’s stock worth $233,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company’s stock.

Datadog News Roundup

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Bernstein upgraded Datadog to Outperform from Market Perform and raised its price target to $350 from $237. The firm believes AI-driven workloads should support demand for Datadog’s observability and monitoring platform, providing the primary catalyst for the stock’s advance. Bernstein Upgrades Datadog to Outperform, Price Target is $350
• Positive Sentiment: Additional coverage highlighted Bernstein’s view that accelerating AI adoption is bringing cloud-software stocks back into favor. Datadog was among the strongest-moving names in the group, reinforcing investor optimism about its long-term growth prospects. Datadog receives upgrade to Outperform on AI-driven demand: Bernstein
• Positive Sentiment: Mizuho also raised its Datadog price target to $330, adding further bullish analyst support. Mizuho raises Datadog stock target to USD 330
• Positive Sentiment: Market coverage described Datadog as a long-term growth stock, while noting that its monitoring platform could benefit from sustained AI infrastructure and application spending. Why Datadog is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Robertson Stephens Wealth Management increased its Datadog holdings by 218.2% during the third quarter, according to a regulatory filing. The purchase indicates institutional interest but is historical and has limited immediate earnings impact. Datadog Stock Position Boosted by Robertson Stephens Wealth Management

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $253.36, for a total value of $13,659,144.32. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. This represents a 9.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 transaction of $36,452,596.11. Following the sale, the chief executive officer owned 612,747 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 948,764 shares of company stock valued at $229,976,494. Insiders own 6.48% of the company’s stock.

Datadog Trading Up 5.4%

Datadog stock opened at $260.36 on Tuesday. 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 business’s fifty day simple moving average is $246.67 and its two-hundred day simple moving average is $223.00. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The company has a market capitalization of $93.49 billion, a price-to-earnings ratio of 405.10, a price-to-earnings-growth ratio of 24.12 and a beta of 1.51.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company’s quarterly revenue was up 35.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.46 earnings per share. 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, equities analysts predict that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on DDOG shares. Guggenheim raised their price objective on Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on shares of Datadog from $280.00 to $320.00 and gave the company an “outperform” rating in a report on Monday, October 12th. Citigroup upped their target price on shares of Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald increased their price target on shares of Datadog from $226.00 to $327.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Finally, Benchmark reiterated a “buy” rating on shares of Datadog in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $285.04.

Datadog Company Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog’s products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.