Datadog, Inc. $DDOG Stock Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management nearly tripled its Datadog stake during the third quarter, adding 1.62 million shares to own 2.44 million shares valued at approximately $669 million. Institutional investors and hedge funds collectively own 78.29% of DDOG.
• Datadog reported quarterly earnings and revenue above analyst expectations, with revenue rising 35.6% year over year to $1.12 billion. The company issued fiscal 2026 EPS guidance of $2.50–$2.54.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $281.18, although insiders sold nearly 992,000 shares worth $241.4 million over the past 90 days.

Assenagon Asset Management S.A. lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 197.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,443,008 shares of the company's stock after acquiring an additional 1,622,904 shares during the quarter. Assenagon Asset Management S.A. owned 0.68% of Datadog worth $669,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Janus Henderson Group PLC lifted its position in shares of Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock worth $905,570,000 after purchasing an additional 1,439,082 shares during the last quarter. First Trust Advisors LP increased its holdings in Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company's stock valued at $435,081,000 after buying an additional 1,654,429 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Datadog by 30.3% in the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock valued at $312,340,000 after buying an additional 615,090 shares during the last quarter. Employees Provident Fund Board acquired a new stake in Datadog in the fourth quarter valued at $251,582,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Datadog by 162.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company's stock valued at $185,459,000 after buying an additional 971,910 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Yanbing Li sold 12,700 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the transaction, the insider owned 250,446 shares of the company's stock, valued at $55,413,681.96. This trade represents a 4.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the business's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the completion of the transaction, the general counsel owned 115,243 shares in the company, valued at $26,373,360.55. This trade represents a 4.38% 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 ninety days, insiders sold 991,988 shares of company stock valued at $241,440,796. 6.48% of the stock is owned by insiders.

Datadog Stock Down 1.1%

Shares of NASDAQ DDOG opened at $266.25 on Friday. The business has a 50-day moving average price of $246.42 and a 200 day moving average price of $221.08. The stock has a market cap of $95.61 billion, a PE ratio of 543.38, a price-to-earnings-growth ratio of 26.28 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, Inc. has a 52-week low of $98.01 and a 52-week high of $300.68.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The company'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 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DDOG. Canadian Imperial Bank of Commerce lifted their price target on Datadog from $280.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, October 9th. Wedbush started coverage on Datadog in a report on Friday, September 11th. They issued an "outperform" rating and a $275.00 price objective on the stock. KeyCorp increased their price objective on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Arete Research raised their target price on Datadog from $260.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Finally, Scotiabank boosted their target price on Datadog from $275.00 to $285.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $281.18.

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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