18,370 Datadog, Inc. $DDOG Shares Bought by Atlatl Advisers LLC

Key Points

• Atlatl Advisers increased its Datadog stake by 65,607.1% in the third quarter, buying 18,370 shares and ending with 18,398 shares valued at approximately $5.04 million.
• Datadog reported quarterly EPS of $0.65 and revenue of $1.12 billion, beating analyst estimates, while revenue rose 35.6% year over year. The stock was trading at $269.65, up 4.6%, and analysts maintained a “Moderate Buy” consensus with an average price target of $285.04.
• Institutional investors own 78.29% of Datadog, although insiders have sold 881,710 shares worth about $213.6 million over the past three months under pre-arranged trading plans.

Atlatl Advisers LLC lifted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 65,607.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,398 shares of the company's stock after buying an additional 18,370 shares during the period. Datadog comprises approximately 1.2% of Atlatl Advisers LLC's holdings, making the stock its 27th largest holding. Atlatl Advisers LLC's holdings in Datadog were worth $5,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DDOG. Integrated Wealth Concepts LLC boosted its stake in shares of Datadog by 1,691.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company's stock valued at $48,483,000 after purchasing an additional 175,821 shares in the last quarter. Congress Asset Management Co. increased its position in shares of Datadog by 3.0% during the 3rd quarter. Congress Asset Management Co. now owns 268,825 shares of the company's stock worth $71,350,000 after purchasing an additional 7,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Datadog by 7,711.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company's stock worth $25,755,000 after purchasing an additional 92,844 shares in the last quarter. Cooper Financial Group lifted its holdings in Datadog by 188.1% during the 3rd quarter. Cooper Financial Group now owns 20,934 shares of the company's stock valued at $5,733,000 after purchasing an additional 13,669 shares during the last quarter. Finally, Saudi Central Bank lifted its holdings in Datadog by 91.6% during the 2nd quarter. Saudi Central Bank now owns 21,867 shares of the company's stock valued at $5,693,000 after purchasing an additional 10,455 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Datadog Trading Up 4.6%

DDOG opened at $269.65 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The company has a market cap of $96.83 billion, a price-to-earnings ratio of 550.32, a price-to-earnings-growth ratio of 25.15 and a beta of 1.51. The firm has a 50 day simple moving average of $247.90 and a 200 day simple moving average of $226.32. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $300.68.

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, beating 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 net margin of 4.48% and a return on equity of 5.67%. The business's revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the firm earned $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. On average, sell-side analysts anticipate that Datadog, Inc. will post 0.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DDOG. Sanford C. Bernstein raised Datadog from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $237.00 to $350.00 in a report on Monday. BMO Capital Markets set a $300.00 price target on Datadog in a report on Friday, August 7th. Canadian Imperial Bank of Commerce lifted their price objective on Datadog from $280.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday, October 9th. TD Cowen boosted their price objective on Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Finally, Barclays increased their target price on Datadog from $290.00 to $300.00 and gave the stock an "overweight" rating in a report on Tuesday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Datadog has an average rating of "Moderate Buy" and an average target price of $285.04.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the business's stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $273.60, for a total value of $14,750,323.20. Following the completion of the transaction, the chief technology officer owned 488,033 shares of the company's stock, valued at $133,525,828.80. The trade was a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 10,000 shares of the firm's stock in a transaction on Monday, September 21st. The stock was sold at an average price of $241.25, for a total value of $2,412,500.00. Following the sale, the chief financial officer directly owned 368,067 shares in the company, valued at $88,796,163.75. The trade was a 2.65% 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. In the last three months, insiders have sold 881,710 shares of company stock valued at $213,560,746. Corporate insiders own 6.48% of the company's stock.

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.

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