Datadog, Inc. $DDOG Shares Purchased by Triangle Securities Wealth Management

Key Points

• Triangle Securities Wealth Management increased its Datadog stake by 757.8% in the third quarter, acquiring 20,045 additional shares and bringing its holdings to 22,690 shares valued at approximately $6.2 million. Institutional investors and hedge funds collectively own 78.29% of DDOG.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and earnings of $0.65 per share, exceeding analyst expectations of $0.58. Shares opened at $269.33, near the company’s 12-month high of $300.68.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $280.51. However, insiders sold nearly 992,000 shares worth $241.4 million over the past 90 days, including significant sales by the CEO and CTO under pre-arranged trading plans.

Triangle Securities Wealth Management grew its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 757.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,690 shares of the company's stock after buying an additional 20,045 shares during the quarter. Datadog accounts for about 1.2% of Triangle Securities Wealth Management's investment portfolio, making the stock its 23rd biggest holding. Triangle Securities Wealth Management's holdings in Datadog were worth $6,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EMC Capital Management acquired a new stake in shares of Datadog during the second quarter worth $28,000. Cornerstone Financial Management LLC lifted its position in Datadog by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock valued at $33,000 after acquiring an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Datadog by 341.7% in the 1st 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 position in Datadog by 2,700.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. Finally, Armstrong Advisory Group Inc. bought a new stake in Datadog in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Datadog Stock Performance

Shares of DDOG stock opened at $269.33 on Thursday. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The company's fifty day simple moving average is $245.68 and its 200-day simple moving average is $220.01. The firm has a market cap of $96.71 billion, a PE ratio of 549.66, a P/E/G ratio of 27.65 and a beta of 1.51. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DDOG shares. Weiss Ratings raised shares of Datadog from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, October 8th. Guggenheim lifted their price target on Datadog from $225.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Barclays lifted their price target on Datadog from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday. Capital One Financial boosted their price target on Datadog from $217.00 to $268.00 and gave the company an "overweight" rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada boosted their price target on Datadog from $280.00 to $320.00 and gave the company an "outperform" rating in a report on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $280.51.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction dated 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 sale, the chief technology officer owned 509,805 shares of the company's stock, valued at approximately $129,164,194.80. The trade was a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 company'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 sale, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. The trade was 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. Over the last 90 days, insiders have sold 991,988 shares of company stock valued at $241,440,796. Company 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.

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