Allstate Corp Purchases 12,652 Shares of Datadog, Inc. $DDOG

Key Points

• Allstate Corp increased its Datadog stake by 118.1% in the fourth quarter, buying 12,652 additional shares and bringing its total position to 23,367 shares worth about $3.18 million.
• Datadog is getting a boost from several positive business developments, including FedRAMP High certification for its government observability and security platform, which could help it win more public-sector business.
• The company also reported strong quarterly results, with revenue of $1.01 billion and EPS of $0.60 beating estimates, while analysts have recently raised price targets and maintain a broadly bullish view on the stock.

Allstate Corp lifted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 118.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,367 shares of the company's stock after purchasing an additional 12,652 shares during the quarter. Allstate Corp's holdings in Datadog were worth $3,178,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. grew its stake in shares of Datadog by 74.3% during the third quarter. Westside Investment Management Inc. now owns 176 shares of the company's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Rothschild Investment LLC grew its stake in shares of Datadog by 126.6% during the third quarter. Rothschild Investment LLC now owns 179 shares of the company's stock valued at $25,000 after buying an additional 100 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Datadog by 315.2% during the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company's stock valued at $27,000 after buying an additional 145 shares during the last quarter. JPL Wealth Management LLC bought a new position in shares of Datadog during the third quarter valued at about $27,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of Datadog during the third quarter valued at about $28,000. Institutional investors own 78.29% of the company's stock.

Trending Headlines about Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Datadog announced that its government observability and security platform has achieved FedRAMP High certification, a key validation that should help the company sell into more sensitive U.S. public-sector workloads and expand its addressable market. Datadog and Carahsoft Announce Datadog’s Achievement of FedRAMP® High Certification for Its Observability and Security Platform
• Positive Sentiment: Datadog also continues to get upbeat attention from analysts and market commentators, including higher price targets and “buy/overweight” calls, reinforcing the view that the stock can benefit from accelerating demand around AI observability and security. Cantor Fitzgerald price target raise BTIG Research price target raise
• Positive Sentiment: Recent coverage highlights Datadog’s first $1 billion revenue quarter and a higher 2026 outlook, suggesting momentum in the core business is improving and helping justify the stock’s strength. Should Datadog’s First US$1 Billion Quarter and Higher 2026 Outlook Require Action From DDOG Investors?
• Neutral Sentiment: Zacks labeled Datadog as a top-ranked growth stock, which is supportive, but this is more a screening/rating mention than a new company-specific catalyst. Datadog (DDOG) is a Top-Ranked Growth Stock: Should You Buy?
• Neutral Sentiment: Other articles argue Datadog can benefit as AI moves into production and as enterprises need more monitoring tools, which adds to the positive sentiment but does not represent a direct near-term event. Datadog Benefits When AI Goes Into Production. Here’s Why You Should Buy DDOG Stock Now.

Insider Activity

In other news, Director Matthew Jacobson sold 52,832 shares of Datadog stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $189.28, for a total transaction of $10,000,040.96. Following the completion of the transaction, the director directly owned 622,726 shares in the company, valued at approximately $117,869,577.28. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $199.84, for a total transaction of $25,407,857.44. Following the transaction, the chief executive officer owned 835,679 shares of the company's stock, valued at $167,002,091.36. The trade was a 13.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 885,963 shares of company stock worth $130,015,444. Insiders own 6.48% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Scotiabank increased their target price on shares of Datadog from $160.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, May 8th. Wolfe Research dropped their target price on shares of Datadog from $185.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, February 10th. KeyCorp increased their target price on shares of Datadog from $155.00 to $225.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. Jefferies Financial Group set a $210.00 target price on shares of Datadog and gave the stock a "buy" rating in a report on Thursday, May 7th. Finally, Barclays increased their target price on shares of Datadog from $148.00 to $215.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $216.81.

Datadog Stock Performance

Shares of DDOG opened at $221.81 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40. Datadog, Inc. has a one year low of $98.01 and a one year high of $226.48. The company has a 50-day simple moving average of $149.96 and a two-hundred day simple moving average of $142.10. The firm has a market capitalization of $78.96 billion, a PE ratio of 583.73, a price-to-earnings-growth ratio of 41.91 and a beta of 1.30.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. During the same period last year, the business posted $0.46 earnings per share. Datadog's quarterly revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, analysts anticipate that Datadog, Inc. will post 0.61 EPS for the current fiscal year.

Datadog Profile

Datadog NASDAQ: DDOG is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog's platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company's product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.

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