Datadog, Inc. $DDOG Stock Holdings Raised by Glynn Capital Management LLC

Key Points

• Glynn Capital Management increased its Datadog stake by 19.9% in the third quarter, acquiring 6,101 additional shares for a total holding worth approximately $10.1 million. Institutional investors collectively own 78.29% of DDOG.
• Analyst sentiment remains positive, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $277.73. Several firms recently raised their targets, including Arete Research to $340 and KeyCorp to $320.
• Datadog exceeded quarterly expectations, reporting $0.65 in earnings per share on $1.12 billion in revenue, with revenue up 35.6% year over year. However, insiders sold roughly $232 million worth of shares over the past 90 days.

Glynn Capital Management LLC increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 19.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,751 shares of the company's stock after acquiring an additional 6,101 shares during the quarter. Datadog comprises about 2.9% of Glynn Capital Management LLC's holdings, making the stock its 16th biggest holding. Glynn Capital Management LLC's holdings in Datadog were worth $10,064,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DDOG. Congress Asset Management Co. lifted its stake in Datadog by 3.0% in the 3rd quarter. Congress Asset Management Co. now owns 268,825 shares of the company's stock worth $71,350,000 after purchasing an additional 7,802 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Datadog by 7,711.3% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company's stock valued at $25,755,000 after purchasing an additional 92,844 shares in the last quarter. Polaris Financial Partners purchased a new position in shares of Datadog during the 3rd quarter valued at $254,000. Planning Strategies Inc. increased its holdings in shares of Datadog by 529.6% in the third quarter. Planning Strategies Inc. now owns 170 shares of the company's stock worth $47,000 after purchasing an additional 143 shares during the period. Finally, Versant Capital Management Inc raised its position in shares of Datadog by 149.2% in the third quarter. Versant Capital Management Inc now owns 5,936 shares of the company's stock worth $1,626,000 after buying an additional 3,554 shares in the last quarter. Hedge funds and other institutional investors own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DDOG. KeyCorp raised their price target on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Zacks Research downgraded shares of Datadog from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 17th. Truist Financial raised shares of Datadog from a "hold" rating to a "buy" rating and boosted their price target for the stock from $190.00 to $300.00 in a research note on Monday, June 15th. Craig Hallum started coverage on shares of Datadog in a research report on Monday, June 15th. They set a "buy" rating on the stock. Finally, Arete Research lifted their price objective on shares of Datadog from $260.00 to $340.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Three research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $277.73.

Datadog Price Performance

DDOG stock opened at $278.24 on Wednesday. The firm has a market cap of $99.91 billion, a P/E ratio of 567.85, a P/E/G ratio of 26.98 and a beta of 1.51. The firm's fifty day moving average is $245.02 and its 200 day moving average is $213.50. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $292.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm's revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous 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. Research analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current year.

Insider Buying and Selling

In other Datadog news, 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 completion of the sale, the chief technology officer owned 509,805 shares in the company, valued at approximately $129,164,194.80. The trade was a 9.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 40,000 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $227.47, for a total value of $9,098,800.00. Following the sale, the chief financial officer directly owned 378,067 shares of the company's stock, valued at approximately $85,998,900.49. This trade represents a 9.57% 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. Insiders have sold a total of 958,076 shares of company stock worth $232,038,673 in the last ninety days. 6.48% of the stock is owned by insiders.

Datadog Company 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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