Datadog, Inc. $DDOG Stock Purchased by IFP Advisors Inc

Key Points

• IFP Advisors increased its Datadog stake by 654.4% in the third quarter, acquiring 77,231 additional shares for a total holding of 89,033 shares valued at approximately $24.4 million. Institutional investors and hedge funds collectively own 78.29% of Datadog.
• Analysts maintain a generally positive outlook, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $281.18. Ratings include 38 Buys, three Strong Buys, four Holds and one Sell.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and adjusted earnings of $0.65 per share, beating estimates. However, insiders sold nearly 992,000 shares worth about $241.4 million over the past 90 days, while the stock was reported to be down 7.2%.

IFP Advisors Inc boosted its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 654.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,033 shares of the company's stock after purchasing an additional 77,231 shares during the quarter. IFP Advisors Inc's holdings in Datadog were worth $24,382,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its position in shares of Datadog by 1,691.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company's stock worth $48,483,000 after purchasing an additional 175,821 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Datadog by 3.0% during the third 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 increased its holdings in Datadog by 7,711.3% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 94,048 shares of the company's stock valued at $25,755,000 after buying an additional 92,844 shares during the last quarter. Cooper Financial Group increased its holdings in Datadog by 188.1% in the third quarter. Cooper Financial Group now owns 20,934 shares of the company's stock valued at $5,733,000 after buying an additional 13,669 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its holdings in Datadog by 133.7% in the first quarter. iA Global Asset Management Inc. now owns 94,540 shares of the company's stock valued at $11,160,000 after buying an additional 54,084 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DDOG shares. Sanford C. Bernstein cut Datadog from an "outperform" rating to a "market perform" rating and raised their price target for the company from $180.00 to $226.00 in a research note on Monday, July 6th. Citigroup upped their price objective on Datadog from $300.00 to $305.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings raised Datadog from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. DA Davidson reiterated a "buy" rating and issued a $315.00 price objective on shares of Datadog in a report on Friday, August 7th. Finally, Barclays raised their target price on Datadog from $290.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $281.18.

Datadog Trading Down 7.2%

Shares of Datadog stock opened at $247.11 on Friday. The company has a fifty day simple moving average of $246.68 and a 200-day simple moving average of $221.26. Datadog, Inc. has a 12-month low of $98.01 and a 12-month high of $300.68. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The stock has a market cap of $88.73 billion, a price-to-earnings ratio of 504.32, a PEG ratio of 24.12 and a beta of 1.51.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $0.46 EPS. The company's revenue was up 35.6% on a year-over-year basis. Datadog has set its Q3 2026 guidance at 0.630-0.650 EPS and its FY 2026 guidance at 2.500-2.540 EPS. On average, equities analysts forecast that Datadog, Inc. will post 0.70 EPS for the current fiscal year.

Insider Buying and Selling at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the firm's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction 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 trade represents 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, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the sale, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. This trade represents a 17.18% 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 sold 991,988 shares of company stock valued at $241,440,796 in the last 90 days. 6.48% of the stock is currently owned by insiders.

Datadog Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog's products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.

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