Datadog, Inc. $DDOG Holdings Lifted by Davidson Capital Management Inc.

Key Points

• Davidson Capital Management increased its Datadog stake by 508.6% in the third quarter, bringing its holdings to 36,693 shares worth approximately $10.05 million. Institutional investors and hedge funds collectively own 78.29% of DDOG.
• Analysts remain broadly optimistic, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $281.18. However, insiders sold nearly $241.4 million of shares over the past 90 days under pre-arranged trading plans.
• Datadog reported quarterly EPS of $0.65 versus the $0.58 consensus estimate and revenue of $1.12 billion, up 35.6% year over year. The stock opened at $266.25, near its 52-week high of $300.68, but carries a very high price-to-earnings ratio of 543.38.

Davidson Capital Management Inc. increased its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 508.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,693 shares of the company's stock after purchasing an additional 30,664 shares during the quarter. Datadog accounts for approximately 1.7% of Davidson Capital Management Inc.'s investment portfolio, making the stock its 9th largest holding. Davidson Capital Management Inc.'s holdings in Datadog were worth $10,048,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DDOG. Triasima Portfolio Management inc. purchased a new stake in shares of Datadog in the 3rd quarter valued at $4,481,000. Assenagon Asset Management S.A. increased its stake in shares of Datadog by 197.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company's stock worth $669,018,000 after acquiring an additional 1,622,904 shares during the period. Ninety One UK Ltd acquired a new stake in shares of Datadog in the third quarter worth $1,062,000. State of Alaska Department of Revenue raised its holdings in shares of Datadog by 94.9% during the third quarter. State of Alaska Department of Revenue now owns 150,397 shares of the company's stock worth $41,186,000 after purchasing an additional 73,248 shares during the last quarter. Finally, Gunderson Capital Management LLC purchased a new position in shares of Datadog during the third quarter worth $320,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of a number of research reports. UBS Group decreased their target price on shares of Datadog from $315.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, August 7th. Cantor Fitzgerald increased their price target on Datadog from $226.00 to $327.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Barclays lifted their price objective on Datadog from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday. Arete Research lifted their price objective on Datadog from $260.00 to $340.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Finally, Benchmark reissued a "buy" rating on shares of Datadog in a report on Tuesday, July 28th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $281.18.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the sale, the chief technology officer directly owned 509,805 shares of the company's stock, valued at $129,164,194.80. This represents a 9.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. This trade represents a 17.18% 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 sold 991,988 shares of company stock valued at $241,440,796 in the last ninety days. 6.48% of the stock is owned by corporate insiders.

Datadog Price Performance

NASDAQ:DDOG opened at $266.25 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market cap of $95.61 billion, a price-to-earnings ratio of 543.38, a price-to-earnings-growth ratio of 26.28 and a beta of 1.51. The company has a 50 day moving average price of $246.42 and a 200-day moving average price of $221.08. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $300.68.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the business posted $0.46 EPS. The business's 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. Equities research analysts forecast that Datadog, Inc. will post 0.70 EPS for the current year.

Datadog 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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