Datadog, Inc. $DDOG Stock Purchased by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management increased its Datadog stake by 743.5% in the third quarter, bringing its holdings to 18,634 shares valued at approximately $5.1 million. Institutional investors collectively own 78.29% of Datadog.
• Datadog insiders sold nearly 992,000 shares worth $241.4 million over the past 90 days, including sales by CRO Sean Walters and insider Yanbing Li under pre-arranged Rule 10b5-1 plans.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and earnings of $0.65 per share, beating estimates. Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $280.51, although the stock’s valuation is elevated.

NorthCrest Asset Manangement LLC lifted its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 743.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,634 shares of the company's stock after buying an additional 16,425 shares during the period. NorthCrest Asset Manangement LLC's holdings in Datadog were worth $5,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Janus Henderson Group PLC increased its stake in Datadog by 22.8% in 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 period. First Trust Advisors LP boosted its stake in shares of Datadog by 81.5% during the first 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 during the period. Bank of New York Mellon Corp boosted its stake in shares of Datadog by 30.3% during the first quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock valued at $312,340,000 after purchasing an additional 615,090 shares during the period. Employees Provident Fund Board bought a new position in shares of Datadog in the fourth quarter worth approximately $251,582,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Datadog by 162.2% in the first 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. Institutional investors own 78.29% of the company's stock.

Insiders Place Their Bets

In other news, CRO Sean Walters sold 11,710 shares of the firm's stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $221.04, for a total value of $2,588,378.40. Following the completion of the transaction, the executive owned 233,135 shares in the company, valued at $51,532,160.40. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yanbing Li sold 12,700 shares of Datadog stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $221.26, for a total value of $2,810,002.00. Following 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 ownership of the stock. 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 a total of 991,988 shares of company stock valued at $241,440,796 over the last ninety days. 6.48% of the stock is owned by corporate insiders.

Datadog Stock Down 1.4%

Shares of NASDAQ DDOG opened at $283.34 on Wednesday. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The firm has a market capitalization of $101.74 billion, a PE ratio of 470.97, a price-to-earnings-growth ratio of 28.04 and a beta of 1.51. The firm has a fifty day simple moving average of $245.95 and a two-hundred day simple moving average of $218.99.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the company posted $0.46 EPS. The company's quarterly revenue 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. Equities analysts expect that Datadog, Inc. will post 0.70 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on DDOG shares. Scotiabank upped their price target on shares of Datadog from $275.00 to $285.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Robert W. Baird set a $300.00 price target on shares of Datadog in a report on Friday, August 7th. Canaccord Genuity Group boosted their price objective on shares of Datadog from $250.00 to $295.00 and gave the company a "buy" rating in a research report on Tuesday, August 4th. Canadian Imperial Bank of Commerce upped their price objective on shares of Datadog from $280.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday. Finally, BTIG Research increased their target price on shares of Datadog from $255.00 to $289.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $280.51.

Datadog News Roundup

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: RBC raised its price target for Datadog from $280 to $320 and maintained an “outperform” rating, implying further upside from the recent trading level. Royal Bank Of Canada Issues Positive Forecast for Datadog Stock Price
• Positive Sentiment: Yorkville Ives increased its Datadog target to $335, adding to the series of favorable analyst views and signaling confidence in demand for the company’s cloud monitoring and observability products. Yorkville Ives raises target for Datadog stock
• Positive Sentiment: Wall Street’s average brokerage recommendation remains equivalent to a Buy. However, the source cautions that analyst ratings can be overly optimistic and should be weighed alongside valuation and fundamentals. Is Datadog a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: Investors continue to focus on whether rising AI observability demand can accelerate Datadog’s growth. Separately, questions about OpenAI’s revenue outlook and AI infrastructure spending could create volatility across AI-related stocks, although they may also present opportunities for established observability providers. Is Broader AI Observability Demand Lifting Datadog?
• Negative Sentiment: Datadog CTO Amit Agarwal sold approximately $14.75 million of stock. The insider transaction may weigh on sentiment, particularly as the shares trade near their 52-week high and at an elevated valuation, including a very high price-to-earnings ratio. Datadog CTO Sells 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.

Want to see what other hedge funds are holding DDOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Datadog, Inc. (NASDAQ:DDOG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.