24,546 Datadog, Inc. $DDOG Shares Sold by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates cut its Datadog stake by 94.8%, selling 24,546 shares and retaining 1,337 shares worth approximately $366,000. Other institutional investors were generally net buyers, and institutions collectively own 78.29% of DDOG.
• Analysts remain broadly bullish, with Datadog receiving a “Moderate Buy” consensus rating and an average price target of $285.04. Sanford C. Bernstein upgraded the stock to “Outperform” and raised its target to $350.
• Datadog reported quarterly adjusted EPS of $0.65 versus the $0.58 consensus and revenue of $1.12 billion, up 35.6% year over year. However, insiders sold 881,710 shares worth about $213.6 million over the past three months, including substantial sales by the CEO and CTO.

Pinnacle Associates Ltd. reduced its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 94.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,337 shares of the company's stock after selling 24,546 shares during the quarter. Pinnacle Associates Ltd.'s holdings in Datadog were worth $366,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in Datadog by 3.9% during the third quarter. Nisa Investment Advisors LLC now owns 27,028 shares of the company's stock worth $7,402,000 after purchasing an additional 1,027 shares during the last quarter. Integrated Advisors Network LLC increased its stake in Datadog by 27.0% in the third quarter. Integrated Advisors Network LLC now owns 1,361 shares of the company's stock valued at $373,000 after purchasing an additional 289 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Datadog by 46.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 919,360 shares of the company's stock valued at $251,767,000 after purchasing an additional 290,066 shares during the last quarter. Diversify Advisory Services LLC increased its stake in Datadog by 29.3% in the third quarter. Diversify Advisory Services LLC now owns 1,267 shares of the company's stock valued at $337,000 after purchasing an additional 287 shares during the last quarter. Finally, Genesee Capital Advisors LLC increased its stake in Datadog by 29.9% in the third quarter. Genesee Capital Advisors LLC now owns 1,082 shares of the company's stock valued at $296,000 after purchasing an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analysts Set New Price Targets

DDOG has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of Datadog from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $237.00 to $350.00 in a report on Monday, October 19th. DA Davidson restated a "buy" rating and issued a $315.00 target price on shares of Datadog in a report on Friday, August 7th. Citigroup upped their target price on shares of Datadog from $300.00 to $305.00 and gave the company a "buy" rating in a report on Friday, August 7th. BTIG Research increased their target price on shares of Datadog from $255.00 to $289.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. Finally, Barclays lifted their price target on shares of Datadog from $290.00 to $300.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Strong Buy rating, forty have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $285.04.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 612,747 shares in the company, valued at approximately $175,680,692.37. This represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing 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, CTO Alexis Le-Quoc sold 53,912 shares of the firm's stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $227.02, for a total value of $12,239,102.24. Following the transaction, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $115,735,931.10. This represents a 9.56% 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. Company insiders own 6.48% of the company's stock.

Datadog Stock Performance

Shares of Datadog stock opened at $269.65 on Monday. The firm's fifty day simple moving average is $247.90 and its 200-day simple moving average is $227.09. The stock has a market capitalization of $96.83 billion, a price-to-earnings ratio of 550.32, a PEG ratio of 26.32 and a beta of 1.51. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, equities analysts forecast that Datadog, Inc. will post 0.70 earnings per share for the current year.

About Datadog

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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