Cornerstone Planning Group LLC Sells 7,741 Shares of Datadog, Inc. $DDOG

Key Points

• Cornerstone Planning Group LLC cut its Datadog stake by 96.8%, selling 7,741 shares and leaving just 259 shares valued at about $36,000.
• Company insiders have been net sellers: CEO Olivier Pomel sold 68,922 shares (~$7.62M) and CRO Sean Michael Walters sold 22,330 shares (~$2.81M), with insiders offloading 594,639 shares (~$72.2M) in the last 90 days and now owning 6.67%.
• Datadog beat Q results (EPS $0.59 vs $0.55 estimate; revenue $953.19M, +29.2% YoY), trades at a high PE (~453) with a market cap near $49.6B, and carries a consensus "Moderate Buy" target of $177.03.

Cornerstone Planning Group LLC lowered its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 96.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 259 shares of the company's stock after selling 7,741 shares during the quarter. Cornerstone Planning Group LLC's holdings in Datadog were worth $36,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of DDOG. Vanguard Group Inc. raised its holdings in shares of Datadog by 30.3% during the 3rd quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company's stock valued at $5,966,877,000 after purchasing an additional 9,748,738 shares in the last quarter. State Street Corp raised its holdings in shares of 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 purchasing an additional 7,091,075 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Datadog by 43.7% during the 4th quarter. Jennison Associates LLC now owns 7,623,993 shares of the company's stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Datadog by 119.2% during the 3rd quarter. Invesco Ltd. now owns 4,075,721 shares of the company's stock valued at $580,383,000 after purchasing an additional 2,216,402 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Datadog by 99.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,847,722 shares of the company's stock valued at $247,983,000 after purchasing an additional 923,038 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In other news, CEO Olivier Pomel sold 68,922 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $110.54, for a total transaction of $7,618,637.88. Following the transaction, the chief executive officer owned 704,821 shares in the company, valued at approximately $77,910,913.34. The trade was a 8.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CRO Sean Michael Walters sold 22,330 shares of the business's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $125.68, for a total transaction of $2,806,434.40. Following the transaction, the executive owned 238,384 shares in the company, valued at approximately $29,960,101.12. The trade was a 8.56% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 594,639 shares of company stock worth $72,214,894. 6.67% of the stock is currently owned by company insiders.

Datadog Stock Performance

Shares of DDOG opened at $140.53 on Monday. The company has a market capitalization of $49.55 billion, a PE ratio of 453.32, a price-to-earnings-growth ratio of 50.87 and a beta of 1.30. Datadog, Inc. has a one year low of $98.01 and a one year high of $201.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.38 and a quick ratio of 3.38. The company's fifty day moving average price is $121.30 and its 200 day moving average price is $136.88.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. The firm had revenue of $953.19 million for the quarter, compared to the consensus estimate of $916.53 million. Datadog had a net margin of 3.14% and a return on equity of 4.14%. The business's quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 EPS. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. As a group, analysts expect that Datadog, Inc. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

DDOG has been the topic of a number of recent research reports. Canaccord Genuity Group restated a "buy" rating on shares of Datadog in a report on Wednesday, February 11th. BTIG Research cut their price target on shares of Datadog from $221.00 to $170.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. Capital One Financial dropped their target price on shares of Datadog from $157.00 to $135.00 and set an "overweight" rating on the stock in a report on Thursday, April 16th. Citigroup reiterated a "buy" rating on shares of Datadog in a report on Thursday, April 23rd. Finally, Needham & Company LLC dropped their target price on shares of Datadog from $220.00 to $155.00 and set a "buy" rating on the stock in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $177.03.

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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