Arizona State Retirement System Has $23.32 Million Stake in Datadog, Inc. $DDOG

Key Points

• Arizona State Retirement System increased its Datadog holdings by 6.6% in the second quarter, owning 89,565 shares valued at $23.32 million. Institutional investors collectively hold 78.29% of the stock.
• Wall Street remains broadly bullish, with Datadog receiving a “Moderate Buy” consensus rating and an average price target of $276.32. The company recently exceeded quarterly earnings and revenue estimates, reporting $0.65 EPS and $1.12 billion in revenue, up 35.6% year over year.
• Datadog insiders sold more than 1.13 million shares worth approximately $275.8 million over the past three months, including stock sales by the COO and CFO that were made under pre-arranged plans or to cover tax obligations.

Arizona State Retirement System raised its holdings in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,565 shares of the company's stock after buying an additional 5,556 shares during the period. Arizona State Retirement System's holdings in Datadog were worth $23,319,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. JPL Wealth Management LLC bought a new position in Datadog during the third quarter worth about $27,000. EMC Capital Management bought a new stake in Datadog in the 2nd quarter valued at about $28,000. Cornerstone Financial Management LLC boosted its holdings in Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock valued at $33,000 after purchasing an additional 45 shares during the period. Rothschild Investment LLC grew its position in shares of Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company's stock worth $37,000 after purchasing an additional 94 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Datadog by 341.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company's stock worth $38,000 after purchasing an additional 246 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DDOG shares. KeyCorp lifted their price target on shares of Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Truist Financial raised shares of Datadog from a "hold" rating to a "buy" rating and upped their price target for the stock from $190.00 to $300.00 in a report on Monday, June 15th. Zacks Research lowered shares of Datadog from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 17th. Piper Sandler reissued an "overweight" rating and issued a $275.00 price objective (up from $230.00) on shares of Datadog in a research note on Wednesday, June 10th. Finally, Guggenheim boosted their price objective on shares of Datadog from $225.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Datadog currently has an average rating of "Moderate Buy" and an average target price of $276.32.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $210.23 on Wednesday. The company has a market capitalization of $75.49 billion, a PE ratio of 429.05, a P/E/G ratio of 20.85 and a beta of 1.49. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The firm has a fifty day simple moving average of $247.93 and a 200 day simple moving average of $195.02.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion for 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%. The business's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, sell-side analysts forecast that Datadog, Inc. will post 0.7 EPS for the current year.

Insiders Place Their Bets

In related news, COO Adam Blitzer sold 12,032 shares of Datadog stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $214.38, for a total value of $2,579,420.16. Following the completion of the sale, the chief operating officer owned 237,927 shares of the company's stock, valued at approximately $51,006,790.26. This trade represents a 4.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 16,524 shares of Datadog stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $212.90, for a total transaction of $3,517,959.60. Following the completion of the sale, the chief financial officer directly owned 418,067 shares of the company's stock, valued at approximately $89,006,464.30. The trade was a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 1,132,246 shares of company stock valued at $275,773,952. 6.48% of the stock is currently owned by corporate insiders.

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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