10,285 Datadog, Inc. $DDOG Shares Acquired by Everhart Financial Group Inc.

Key Points

• Everhart Financial Group increased its Datadog stake by 520% in the third quarter, acquiring 10,285 additional shares and bringing its holdings to 12,263 shares valued at $3.36 million. Institutional investors collectively own 78.29% of the company.
• Wall Street remains broadly bullish, with 38 analysts rating Datadog a Buy and the average price target at $277.73. Recent firms raised targets as high as $327, contributing to an overall “Moderate Buy” consensus.
• Datadog reported quarterly EPS of $0.65, beating estimates by $0.07, while revenue rose 35.6% year over year to $1.12 billion. However, insiders sold 938,076 shares worth approximately $226.7 million during the last quarter, and the stock trades at a highly elevated P/E ratio of 553.78.

Everhart Financial Group Inc. raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 520.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,263 shares of the company's stock after buying an additional 10,285 shares during the period. Everhart Financial Group Inc.'s holdings in Datadog were worth $3,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Financial Management LLC lifted its position in shares of Datadog by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock worth $33,000 after purchasing an additional 45 shares during the last quarter. State of Wyoming increased its holdings in Datadog by 4.1% in the first quarter. State of Wyoming now owns 1,946 shares of the company's stock valued at $230,000 after buying an additional 76 shares during the last quarter. Ancora Advisors LLC lifted its holdings in Datadog by 44.1% during the 2nd quarter. Ancora Advisors LLC now owns 307 shares of the company's stock worth $80,000 after buying an additional 94 shares during the last quarter. Quadcap Wealth Management LLC grew its position in shares of Datadog by 5.5% in the 1st quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company's stock worth $233,000 after acquiring an additional 102 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its holdings in shares of Datadog by 1.9% in the 1st quarter. GraniteShares Advisors LLC now owns 5,515 shares of the company's stock valued at $651,000 after acquiring an additional 104 shares during the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BTIG Research lifted their price objective on shares of Datadog from $255.00 to $289.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Datadog from $250.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, June 10th. Cantor Fitzgerald raised their price target on Datadog from $226.00 to $327.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Mizuho upped their price objective on Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 15th. Finally, Benchmark reaffirmed a "buy" rating on shares of Datadog in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $277.73.

Insider Activity at Datadog

In other news, CEO Olivier Pomel sold 127,141 shares of Datadog 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. This trade represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business'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 transaction of $13,659,144.32. Following the sale, the chief technology officer owned 509,805 shares in the company, valued at $129,164,194.80. This represents a 9.56% 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. Insiders sold 938,076 shares of company stock worth $226,690,473 in the last quarter. 6.48% of the stock is owned by company insiders.

Datadog Price Performance

NASDAQ:DDOG traded up $1.08 during mid-day trading on Thursday, reaching $272.42. 1,394,489 shares of the stock were exchanged, compared to its average volume of 5,211,754. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72. 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 firm has a market capitalization of $97.82 billion, a PE ratio of 553.78, a PEG ratio of 27.15 and a beta of 1.51. The business has a fifty day moving average price of $245.16 and a 200 day moving average price of $214.50.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business's revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. Research analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Datadog Company Profile

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.

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