11,329 Datadog, Inc. $DDOG Shares Acquired by Krilogy Financial LLC

Key Points

• Krilogy Financial increased its Datadog position by 321.5% in the third quarter, acquiring 11,329 additional shares and bringing its holdings to 14,853 shares valued at approximately $4.07 million.
• Institutional investors own 78.29% of Datadog, while company insiders sold nearly 992,000 shares worth $241.4 million during the latest quarter under pre-arranged trading plans.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and exceeded earnings expectations. Analysts maintain a “Moderate Buy” consensus with an average price target of $280.51.

Krilogy Financial LLC boosted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 321.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 14,853 shares of the company's stock after purchasing an additional 11,329 shares during the period. Krilogy Financial LLC's holdings in Datadog were worth $4,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. Janus Henderson Group PLC boosted its stake in shares of Datadog by 22.8% in the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock worth $905,570,000 after buying an additional 1,439,082 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of 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 grew its holdings in shares of Datadog by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock valued at $312,340,000 after acquiring an additional 615,090 shares in the last quarter. Employees Provident Fund Board bought a new position in shares of Datadog in the fourth quarter valued at approximately $251,582,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Datadog by 162.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company's stock valued at $185,459,000 after acquiring an additional 971,910 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the completion of the transaction, the chief technology officer directly owned 509,805 shares of the company's stock, 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 document filed with the Securities & Exchange Commission, 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 firm's stock in a transaction on Wednesday, August 5th. The stock was 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 directly owned 612,747 shares of the company's stock, valued at $175,680,692.37. This represents a 17.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 991,988 shares of company stock worth $241,440,796. 6.48% of the stock is owned by company insiders.

Datadog Stock Down 4.9%

DDOG opened at $269.33 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $96.71 billion, a price-to-earnings ratio of 464.49, a PEG ratio of 27.65 and a beta of 1.51. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The company's 50-day moving average price is $245.68 and its two-hundred day moving average price is $220.01.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the firm earned $0.46 EPS. 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, equities analysts expect that Datadog, Inc. will post 0.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on DDOG shares. Citigroup increased their price target on Datadog from $300.00 to $305.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Barclays boosted their price objective on Datadog from $290.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday. FBN Securities started coverage on Datadog in a research note on Friday, October 2nd. They issued an "outperform" rating and a $325.00 price objective for the company. TD Cowen upped their price objective on Datadog from $260.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Finally, Robert W. Baird set a $300.00 target price on Datadog in a research report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and an average target price of $280.51.

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.

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