Avidian Wealth Enterprises LLC Grows Stock Position in Datadog, Inc. $DDOG

Key Points

• Avidian Wealth Enterprises increased its Datadog stake by 526.6% in the third quarter, bringing its holdings to 10,515 shares valued at approximately $2.88 million. Institutional investors collectively own 78.29% of DDOG.
• Datadog reported quarterly EPS of $0.65, exceeding the $0.58 consensus estimate, while revenue rose 35.6% year over year to $1.12 billion. The stock opened at $273.80, near its 12-month high of $292.72.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $277.73. Meanwhile, insiders sold 938,076 shares worth approximately $226.7 million over the past three months, largely through pre-arranged trading plans.

Avidian Wealth Enterprises LLC increased its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 526.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 10,515 shares of the company's stock after purchasing an additional 8,837 shares during the period. Avidian Wealth Enterprises LLC's holdings in Datadog were worth $2,880,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DDOG. Janus Henderson Group PLC lifted its stake in Datadog by 22.8% in the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock worth $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company's stock worth $435,081,000 after buying an additional 1,654,429 shares during the period. Bank of New York Mellon Corp increased its stake in Datadog by 30.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock worth $312,340,000 after purchasing an additional 615,090 shares during the period. Employees Provident Fund Board bought a new stake in Datadog in the 4th quarter worth $251,582,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Datadog by 162.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company's stock worth $185,459,000 after buying an additional 971,910 shares during the period. Institutional investors own 78.29% of the company's stock.

Datadog Stock Performance

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

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $0.46 earnings per share. The company's quarterly revenue was up 35.6% compared to the same quarter last year. 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, equities research analysts forecast that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. New Street Research set a $260.00 price objective on Datadog in a report on Thursday, June 11th. BTIG Research raised their price target on Datadog from $255.00 to $289.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Datadog from a "sell (d+)" rating to a "hold (c)" rating in a research note on Wednesday, August 12th. Wolfe Research restated an "outperform" rating and set a $295.00 target price on shares of Datadog in a research note on Thursday, June 11th. Finally, Raymond James Financial restated an "outperform" rating and issued a $280.00 price objective on shares of Datadog in a research report on Thursday, August 6th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $277.73.

Insider Activity

In related news, CFO David Obstler sold 10,000 shares of the firm's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $241.25, for a total value of $2,412,500.00. Following the transaction, the chief financial officer owned 368,067 shares of the company's stock, valued at $88,796,163.75. This trade represents a 2.65% decrease in their position. The transaction was disclosed in a filing with the SEC, 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 43,224 shares of Datadog stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $252.17, for a total transaction of $10,899,796.08. Following the sale, the chief technology officer owned 488,033 shares of the company's stock, valued at $123,067,281.61. The trade was a 8.14% decrease in their position. 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. Insiders sold 938,076 shares of company stock worth $226,690,473 in the last three months. Corporate insiders own 6.48% of the company's stock.

Datadog Company Profile

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.

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