Ameritas Advisory Services LLC Invests $1.68 Million in Datadog, Inc. $DDOG

Key Points

• Ameritas Advisory Services initiated a $1.68 million position in Datadog during the second quarter, while institutional investors collectively own 78.29% of the company.
• Datadog’s CEO and CTO sold shares through pre-arranged Rule 10b5-1 plans, contributing to $273 million in insider sales over the last quarter.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $276.32. Datadog recently exceeded quarterly earnings and revenue estimates, reporting 35.6% year-over-year revenue growth.

Ameritas Advisory Services LLC purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,450 shares of the company's stock, valued at approximately $1,679,000.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company's stock valued at $1,955,547,000 after acquiring an additional 7,091,075 shares during the last quarter. Norges Bank purchased a new stake in shares of Datadog in the fourth quarter valued at about $469,461,000. Invesco Ltd. boosted its holdings in shares of Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company's stock valued at $580,383,000 after acquiring an additional 2,216,402 shares in the last quarter. Employees Provident Fund Board acquired a new position in shares of Datadog during the fourth quarter worth about $251,582,000. Finally, First Trust Advisors LP increased its stake in shares of Datadog by 81.5% during the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company's stock worth $435,081,000 after acquiring an additional 1,654,429 shares during the period. Institutional investors and hedge funds own 78.29% of the company's stock.

Insider Activity at Datadog

In related news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the completion of the sale, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $175,680,692.37. This represents a 17.18% decrease in their position. The sale was disclosed in a document filed 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 the company's stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $257.24, for a total transaction of $13,868,322.88. Following the completion of the transaction, the chief technology officer owned 509,805 shares of the company's stock, valued at $131,142,238.20. 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. Over the last quarter, insiders have sold 1,120,370 shares of company stock worth $273,030,358. Company insiders own 6.48% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on DDOG shares. The Goldman Sachs Group reiterated a "sell" rating and set a $158.00 target price on shares of Datadog in a research report on Friday, August 7th. Morgan Stanley lifted their price target on Datadog from $225.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. BMO Capital Markets set a $300.00 price objective on Datadog in a report on Friday, August 7th. Citizens Jmp increased their price objective on Datadog from $225.00 to $311.00 and gave the stock a "market outperform" rating in a research report on Monday, July 20th. Finally, Wolfe Research reissued an "outperform" rating and issued a $295.00 target price on shares of Datadog in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $276.32.

Datadog Trading Up 7.2%

Datadog stock opened at $225.27 on Thursday. The stock has a 50-day moving average price of $247.14 and a 200 day moving average price of $195.75. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72. The stock has a market cap of $80.89 billion, a PE ratio of 459.74, a P/E/G ratio of 20.58 and a beta of 1.49. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23.

Datadog (NASDAQ:DDOG - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during 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%. Datadog's revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the company 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. Equities research analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Datadog Company Profile

Datadog, Inc NASDAQ: DDOG is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company's products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.

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