Datadog, Inc. $DDOG Shares Acquired by Triumph Capital Management

Key Points

• Triumph Capital Management sharply increased its Datadog stake by 28,455.9% in the third quarter, holding 9,709 shares valued at approximately $2.66 million. Institutional investors and hedge funds collectively own 78.29% of DDOG.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $280.51; several firms recently raised their targets to between $305 and $320.
• Datadog shares fell 4.9% to $269.33, despite the company beating quarterly EPS and revenue estimates and reporting 35.6% year-over-year revenue growth. Meanwhile, insiders sold nearly $241.4 million of stock over the past three months under pre-arranged trading plans.

Triumph Capital Management lifted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 28,455.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,709 shares of the company's stock after purchasing an additional 9,675 shares during the quarter. Triumph Capital Management's holdings in Datadog were worth $2,659,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in Datadog by 1,691.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company's stock valued at $48,483,000 after buying an additional 175,821 shares during the period. Congress Asset Management Co. increased its stake in Datadog by 3.0% in the third quarter. Congress Asset Management Co. now owns 268,825 shares of the company's stock valued at $71,350,000 after purchasing an additional 7,802 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Datadog by 7,711.3% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company's stock valued at $25,755,000 after buying an additional 92,844 shares during the last quarter. Cooper Financial Group increased its position in shares of Datadog by 188.1% during the third quarter. Cooper Financial Group now owns 20,934 shares of the company's stock worth $5,733,000 after purchasing an additional 13,669 shares in the last quarter. Finally, iA Global Asset Management Inc. lifted its stake in Datadog by 133.7% in the first quarter. iA Global Asset Management Inc. now owns 94,540 shares of the company's stock valued at $11,160,000 after buying an additional 54,084 shares during the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DDOG shares. Raymond James Financial reissued an "outperform" rating and set a $280.00 price target on shares of Datadog in a report on Thursday, August 6th. Royal Bank Of Canada upped their target price on shares of Datadog from $280.00 to $320.00 and gave the stock an "outperform" rating in a research report on Monday. Citigroup lifted their price target on Datadog from $300.00 to $305.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Sanford C. Bernstein lowered Datadog from an "outperform" rating to a "market perform" rating and upped their target price for the company from $180.00 to $226.00 in a research note on Monday, July 6th. Finally, Citizens Jmp lifted their price target on shares of Datadog from $225.00 to $311.00 and gave the stock a "market outperform" rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four 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 a consensus rating of "Moderate Buy" and a consensus price target of $280.51.

Datadog Trading Down 4.9%

Shares of DDOG stock traded down $14.01 on Wednesday, reaching $269.33. 2,978,921 shares of the stock were exchanged, compared to its average volume of 5,173,134. 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 stock has a market cap of $96.71 billion, a P/E ratio of 549.66, a price-to-earnings-growth ratio of 28.04 and a beta of 1.51. The firm has a 50 day moving average of $245.68 and a two-hundred day moving average of $220.01. 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 announced its quarterly 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 during the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm's revenue was up 35.6% on a year-over-year basis. During the same period 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, research analysts anticipate that Datadog, Inc. will post 0.70 EPS for the current year.

Insiders Place Their Bets

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $253.36, for a total value of $13,659,144.32. Following the completion of the sale, the chief technology officer directly owned 509,805 shares in the company, valued at approximately $129,164,194.80. This represents a 9.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer owned 612,747 shares in the company, valued at approximately $175,680,692.37. This represents a 17.18% 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. In the last three months, insiders sold 991,988 shares of company stock worth $241,440,796. Insiders own 6.48% of the company's stock.

About Datadog

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.

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.