Datadog, Inc. $DDOG Stock: Loftus Peak Pty Ltd Boosts Holdings

Key Points

• Loftus Peak increased its Datadog stake by 23.5% in the third quarter to 78,368 shares valued at approximately $21.5 million. Institutional investors and hedge funds collectively own 78.29% of DDOG.
• Analysts remain broadly bullish, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $280.51; several firms recently raised their targets to as high as $320.
• Datadog reported quarterly revenue of $1.12 billion and adjusted EPS of $0.65, exceeding analyst expectations, while revenue grew 35.6% year over year. Shares opened at $269.33 after a reported 4.9% decline.

Loftus Peak Pty Ltd lifted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,368 shares of the company's stock after acquiring an additional 14,895 shares during the quarter. Datadog accounts for about 2.5% of Loftus Peak Pty Ltd's portfolio, making the stock its 14th largest position. Loftus Peak Pty Ltd's holdings in Datadog were worth $21,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Triangle Securities Wealth Management boosted its stake in shares of Datadog by 757.8% in the 3rd quarter. Triangle Securities Wealth Management now owns 22,690 shares of the company's stock valued at $6,214,000 after buying an additional 20,045 shares during the period. Mather Group LLC. grew its position in shares of Datadog by 9,929.7% during the third quarter. Mather Group LLC. now owns 63,187 shares of the company's stock worth $17,304,000 after buying an additional 62,557 shares in the last quarter. First Pacific Financial grew its position in shares of Datadog by 9,533.3% during the third quarter. First Pacific Financial now owns 289 shares of the company's stock worth $79,000 after buying an additional 286 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Datadog by 142.3% during the third quarter. Fortitude Family Office LLC now owns 584 shares of the company's stock worth $160,000 after buying an additional 343 shares during the period. Finally, Western Financial Corp CA purchased a new stake in shares of Datadog during the third quarter worth approximately $2,967,000. 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 stock in a transaction on Friday, September 11th. The shares were sold at an average price of $221.26, for a total transaction of $2,810,002.00. Following the completion of the sale, the insider owned 250,446 shares in the company, valued at $55,413,681.96. This represents a 4.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the stock in a transaction on Friday, September 11th. The stock was sold at an average price of $221.04, for a total transaction of $2,588,378.40. Following the sale, the executive owned 233,135 shares of the company's stock, valued at approximately $51,532,160.40. This represents a 4.78% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 valued at $241,440,796. 6.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DDOG shares. Royal Bank Of Canada raised their target price on shares of Datadog from $280.00 to $320.00 and gave the company an "outperform" rating in a report on Monday. TD Cowen boosted their price target on shares of Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Scotiabank increased their price objective on shares of Datadog from $275.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. KeyCorp raised their price objective on shares of Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Finally, Rosenblatt Securities raised their price objective on shares of Datadog from $220.00 to $305.00 and gave the company a "buy" rating in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Datadog currently has an average rating of "Moderate Buy" and a consensus target price of $280.51.

Datadog Stock Down 4.9%

Datadog stock opened at $269.33 on Thursday. The company has a market capitalization of $96.71 billion, a P/E ratio of 549.66, a PEG ratio of 27.65 and a beta of 1.51. 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, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $300.68. The stock has a 50-day simple moving average of $245.68 and a 200-day simple moving average of $220.01.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 EPS. 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 earnings per share for the current year.

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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