Datadog, Inc. $DDOG Stock: NFSG Corp Grows Holdings

Key Points

• NFSG Corp dramatically increased its Datadog stake by 1,658.1% in the third quarter, bringing its holdings to 57,139 shares valued at approximately $15.6 million. Institutional investors collectively own 78.29% of Datadog.
• Datadog reported quarterly earnings of $0.65 per share and revenue of $1.12 billion, exceeding analyst estimates, while revenue grew 35.6% year over year.
• Analyst sentiment remains positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $281.18, although insiders sold nearly $241.4 million of shares during the quarter.

NFSG Corp grew its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 1,658.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 57,139 shares of the company's stock after purchasing an additional 53,889 shares during the period. Datadog comprises approximately 1.6% of NFSG Corp's portfolio, making the stock its 17th biggest position. NFSG Corp's holdings in Datadog were worth $15,648,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management lifted its stake in Datadog by 116.2% during the 3rd quarter. Activest Wealth Management now owns 281 shares of the company's stock valued at $77,000 after acquiring an additional 151 shares in the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new position in shares of Datadog in the third quarter valued at approximately $2,415,000. V Square Quantitative Management LLC increased its position in shares of Datadog by 17.5% during the third quarter. V Square Quantitative Management LLC now owns 2,690 shares of the company's stock valued at $737,000 after acquiring an additional 401 shares during the last quarter. Davidson Capital Management Inc. lifted its holdings in Datadog by 508.6% during the third quarter. Davidson Capital Management Inc. now owns 36,693 shares of the company's stock worth $10,048,000 after acquiring an additional 30,664 shares during the period. Finally, Triasima Portfolio Management inc. bought a new stake in Datadog during the third quarter worth $4,481,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Datadog Price Performance

NASDAQ DDOG opened at $266.25 on Friday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The company 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. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $300.68. The firm's 50-day simple moving average is $246.42 and its two-hundred day simple moving average is $221.08.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its 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 firm 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 company's revenue was up 35.6% on a year-over-year basis. During the same quarter last year, the company earned $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 0.70 earnings per share for the current year.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. Morgan Stanley raised their target price on Datadog from $225.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $158.00 price objective on shares of Datadog in a research report on Friday, August 7th. KeyCorp boosted their target price on shares of Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Wells Fargo & Company lifted their price target on shares of Datadog from $230.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, July 20th. Finally, Barclays upped their price objective on Datadog from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $281.18.

Insider Activity

In other news, General Counsel Kerry Acocella sold 5,280 shares of the firm's stock in a transaction on Monday, September 14th. The stock was 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 directly owned 115,243 shares of the company's stock, valued at $26,373,360.55. This trade represents a 4.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $273.60, for a total value of $14,750,323.20. Following the completion of the transaction, the chief technology officer owned 488,033 shares of the company's stock, valued at approximately $133,525,828.80. This trade represents a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 991,988 shares of company stock valued at $241,440,796. 6.48% of the stock is currently owned by corporate insiders.

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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