Datadog, Inc. $DDOG Stock Bought by Cooper Financial Group

Key Points

• Cooper Financial Group increased its Datadog stake by 188.1% in the third quarter, owning 20,934 shares valued at approximately $5.7 million. Institutional investors collectively hold 78.29% of DDOG’s outstanding shares.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and EPS of $0.65, exceeding analysts’ $0.58 estimate. Shares recently traded at $271.34, near their 52-week high of $292.72.
• Wall Street maintains a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $277.73. However, company insiders sold about 958,076 shares worth $232 million over the past 90 days.

Cooper Financial Group grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 188.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,934 shares of the company's stock after acquiring an additional 13,669 shares during the period. Cooper Financial Group's holdings in Datadog were worth $5,733,000 as of its most recent SEC filing.

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

Datadog Stock Performance

Shares of Datadog stock traded down $6.90 on Wednesday, reaching $271.34. 1,587,052 shares of the company were exchanged, compared to its average volume of 5,233,314. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20. The company's 50-day moving average is $245.16 and its two-hundred day moving average is $214.50. The firm has a market cap of $97.43 billion, a price-to-earnings ratio of 553.77, a P/E/G ratio of 26.98 and a beta of 1.51. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. The business'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. As a group, research analysts expect that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DDOG shares. Wells Fargo & Company increased their target price on Datadog from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. Barclays lifted their price target on shares of Datadog from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Datadog in a report on Thursday, July 16th. Evercore raised their price objective on shares of Datadog from $225.00 to $265.00 and gave the stock an "outperform" rating in a report on Wednesday, June 10th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Datadog from $250.00 to $280.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $277.73.

Insider Buying and Selling at Datadog

In other news, CFO David Obstler sold 40,000 shares of Datadog stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the sale, the chief financial officer owned 378,067 shares of the company's stock, valued at approximately $85,998,900.49. The trade was a 9.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the business's stock in a transaction that occurred 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 transaction, the chief technology officer owned 509,805 shares of the company's stock, valued at approximately $129,164,194.80. This represents a 9.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 958,076 shares of company stock valued at $232,038,673 in the last ninety days. Company insiders own 6.48% of the company's stock.

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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