7,328 Datadog, Inc. $DDOG Shares Purchased by Frank Rimerman Advisors LLC

Key Points

• Frank Rimerman Advisors LLC increased its Datadog stake by 178.6% in the third quarter, purchasing 7,328 additional shares and bringing its holdings to 11,431 shares valued at approximately $3.13 million. Institutional investors collectively own 78.29% of DDOG.
• Datadog insiders have been selling shares, including CEO Olivier Pomel and CTO Alexis Le-Quoc under pre-arranged Rule 10b5-1 plans. Insiders sold 991,988 shares worth about $241.4 million over the past 90 days.
• Wall Street remains broadly optimistic, with an average “Moderate Buy” rating and a $281.18 price target. Datadog recently exceeded quarterly earnings and revenue estimates, reporting $1.12 billion in revenue, up 35.6% year over year.

Frank Rimerman Advisors LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 178.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,431 shares of the company's stock after acquiring an additional 7,328 shares during the quarter. Frank Rimerman Advisors LLC's holdings in Datadog were worth $3,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cornerstone Financial Management LLC boosted its stake in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock valued at $33,000 after acquiring an additional 45 shares in the last quarter. State of Wyoming grew its holdings in shares of Datadog by 4.1% during the first quarter. State of Wyoming now owns 1,946 shares of the company's stock worth $230,000 after purchasing an additional 76 shares during the last quarter. Roberts Wealth Advisors LLC increased its position in shares of Datadog by 0.6% during the third quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company's stock worth $4,305,000 after purchasing an additional 91 shares in the last quarter. Ancora Advisors LLC increased its position in shares of Datadog by 44.1% during the second quarter. Ancora Advisors LLC now owns 307 shares of the company's stock worth $80,000 after purchasing an additional 94 shares in the last quarter. Finally, Quadcap Wealth Management LLC increased its position in shares of Datadog by 5.5% during the first quarter. Quadcap Wealth Management LLC now owns 1,970 shares of the company's stock worth $233,000 after purchasing an additional 102 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Olivier Pomel sold 127,141 shares of Datadog 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. The trade was a 17.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 dated 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 transaction, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. This trade 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. In the last 90 days, insiders have sold 991,988 shares of company stock valued at $241,440,796. 6.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Citizens Jmp boosted their target price on Datadog from $225.00 to $311.00 and gave the company a "market outperform" rating in a report on Monday, July 20th. KeyCorp raised their price target on Datadog from $225.00 to $320.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. FBN Securities initiated coverage on Datadog in a research report on Friday, October 2nd. They set an "outperform" rating and a $325.00 price target on the stock. DA Davidson reaffirmed a "buy" rating and set a $315.00 price target on shares of Datadog in a research report on Friday, August 7th. Finally, Wedbush began coverage on Datadog in a research note on Friday, September 11th. They issued an "outperform" rating and a $275.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $281.18.

Datadog Price Performance

Datadog stock opened at $247.11 on Friday. 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. The business has a 50 day simple moving average of $246.68 and a 200-day simple moving average of $221.26. The stock has a market capitalization of $88.73 billion, a PE ratio of 504.32, a price-to-earnings-growth ratio of 24.12 and a beta of 1.51.

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

Datadog 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.

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).

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.