California State Teachers Retirement System Acquires 18,321 Shares of Datadog, Inc. $DDOG

California State Teachers Retirement System increased its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 465,469 shares of the company's stock after purchasing an additional 18,321 shares during the quarter. California State Teachers Retirement System owned 0.13% of Datadog worth $121,189,509 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. EMC Capital Management purchased a new position in Datadog during the second quarter worth approximately $28,000. Rothschild Investment LLC boosted its holdings in shares of Datadog by 52.5% during the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company's stock worth $37,000 after purchasing an additional 94 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Datadog by 341.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company's stock valued at $38,000 after acquiring an additional 246 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of Datadog by 2,700.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock worth $44,000 after purchasing an additional 162 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of Datadog in the 2nd quarter worth approximately $53,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DDOG. Bank of America upped their price target on shares of Datadog from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Monday, June 8th. BMO Capital Markets set a $300.00 price objective on Datadog in a research note on Friday, August 7th. UBS Group dropped their price target on Datadog from $315.00 to $280.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Needham & Company LLC increased their target price on shares of Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Mizuho increased their price target on Datadog from $220.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday, July 15th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Datadog presently has a consensus rating of "Moderate Buy" and a consensus price target of $276.66.

Datadog Price Performance

Shares of DDOG traded up $0.77 during trading hours on Tuesday, hitting $230.82. 1,678,920 shares of the company were exchanged, compared to its average volume of 5,421,363. The firm has a fifty day simple moving average of $245.08 and a 200-day simple moving average of $198.22. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72. The company has a market capitalization of $82.88 billion, a PE ratio of 467.92, a PEG ratio of 21.48 and a beta of 1.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG - Get Free Report) last announced 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 company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The business's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. As a group, sell-side analysts predict that Datadog, Inc. will post 0.71 earnings per share for the current year.

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 612,747 shares of the company's stock, valued at $175,680,692.37. This represents a 17.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Datadog 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 in the company, valued at approximately $131,142,238.20. This 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. Insiders have sold 987,298 shares of company stock worth $240,015,328 over the last quarter. 6.48% of the stock is owned by company insiders.

About Datadog

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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