308,040 Datadog, Inc. $DDOG Shares Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its Datadog stake by 338.4% in the third quarter, purchasing 308,040 additional shares and bringing its holdings to 399,066 shares worth approximately $109.3 million.
• Datadog insiders sold 938,076 shares valued at $226.7 million during the last quarter, including substantial sales by the CEO and CTO under pre-arranged Rule 10b5-1 trading plans.
• Datadog exceeded quarterly expectations with $0.65 in EPS and $1.12 billion in revenue, up 35.6% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $277.73.

Mn Services Vermogensbeheer B.V. grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 338.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 399,066 shares of the company's stock after acquiring an additional 308,040 shares during the period. Datadog comprises approximately 0.8% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 27th biggest holding. Mn Services Vermogensbeheer B.V. owned approximately 0.11% of Datadog worth $109,284,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Cornerstone Financial Management LLC boosted its stake in shares of Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock worth $33,000 after buying an additional 45 shares during the last quarter. State of Wyoming raised its position in Datadog by 4.1% during the first quarter. State of Wyoming now owns 1,946 shares of the company's stock valued at $230,000 after acquiring an additional 76 shares in the last quarter. Ancora Advisors LLC lifted its holdings in Datadog by 44.1% in the second quarter. Ancora Advisors LLC now owns 307 shares of the company's stock valued at $80,000 after acquiring an additional 94 shares during the period. Quadcap Wealth Management LLC lifted 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 valued at $233,000 after acquiring an additional 102 shares during the period. Finally, GraniteShares Advisors LLC boosted its position in Datadog by 1.9% in the 1st quarter. GraniteShares Advisors LLC now owns 5,515 shares of the company's stock worth $651,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Activity

In related 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 value of $36,452,596.11. Following the sale, the chief executive officer owned 612,747 shares of the company's stock, valued at $175,680,692.37. This trade represents a 17.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 938,076 shares of company stock valued at $226,690,473. 6.48% of the stock is currently owned by company insiders.

Datadog Price Performance

DDOG opened at $273.80 on Friday. 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 company's 50-day moving average price is $245.27 and its 200 day moving average price is $215.54. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The firm has a market cap of $98.32 billion, a price-to-earnings ratio of 558.79, a price-to-earnings-growth ratio of 26.48 and a beta of 1.51.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the firm earned $0.46 EPS. The business's quarterly revenue was up 35.6% on a year-over-year basis. 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, sell-side analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DDOG shares. BMO Capital Markets set a $300.00 price objective on shares of Datadog in a research note on Friday, August 7th. The Goldman Sachs Group reissued a "sell" rating and set a $158.00 price target on shares of Datadog in a report on Friday, August 7th. Capital One Financial raised their price target on shares of Datadog from $217.00 to $268.00 and gave the company an "overweight" rating in a research report on Wednesday, June 17th. Craig Hallum began coverage on shares of Datadog in a report on Monday, June 15th. They issued a "buy" rating for the company. Finally, Jefferies Financial Group set a $260.00 price objective on shares of Datadog in a research report on Thursday, August 6th. Three equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, Datadog presently has a consensus rating of "Moderate Buy" and an average target price of $277.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.