Datadog, Inc. $DDOG Stock Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Datadog stake by 13,101.4% in the third quarter, ending with 273,534 shares worth approximately $74.9 million. Institutional investors collectively own 78.29% of Datadog.
• Datadog insiders sold nearly 992,000 shares valued at $241.4 million over the past 90 days, including significant sales by the CEO and CTO under pre-arranged Rule 10b5-1 plans.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $281.18 price target. Shares recently fell 7.2% to $247.11, despite quarterly earnings and revenue exceeding estimates and revenue growing 35.6% year over year.

TD Waterhouse Canada Inc. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 13,101.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,534 shares of the company's stock after acquiring an additional 271,462 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.08% of Datadog worth $74,907,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DDOG. Janus Henderson Group PLC lifted its position in Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock valued at $905,570,000 after purchasing an additional 1,439,082 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Datadog by 197.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company's stock worth $669,018,000 after acquiring an additional 1,622,904 shares during the last quarter. First Trust Advisors LP raised its position in 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 in the last quarter. Bank of New York Mellon Corp increased its position in shares of Datadog by 30.3% during the 1st 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 last quarter. Finally, Employees Provident Fund Board bought a new stake in Datadog in the 4th quarter worth approximately $251,582,000. Hedge funds and other institutional investors own 78.29% of the company's stock.

Insider Buying and Selling at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were 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 directly 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were sold at an average price of $286.71, for a total transaction of $36,452,596.11. Following the sale, the chief executive officer directly owned 612,747 shares in the company, valued at $175,680,692.37. The trade was a 17.18% 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. Insiders sold a total of 991,988 shares of company stock valued at $241,440,796 over the last 90 days. Company insiders own 6.48% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Morgan Stanley increased their price target on shares of Datadog from $225.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday, July 28th. Benchmark reaffirmed a "buy" rating on shares of Datadog in a research note on Tuesday, July 28th. Jefferies Financial Group reiterated a "hold" rating and issued a $300.00 price objective on shares of Datadog in a report on Sunday, October 11th. Rosenblatt Securities boosted their target price on Datadog from $220.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their target price on Datadog from $230.00 to $295.00 and gave the company an "overweight" rating in a research note on Monday, July 20th. 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $281.18.

Datadog Trading Down 7.2%

Shares of NASDAQ DDOG traded down $19.14 during trading hours on Friday, hitting $247.11. The company's stock had a trading volume of 3,748,566 shares, compared to its average volume of 2,987,195. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $300.68. The stock has a market cap of $88.73 billion, a price-to-earnings ratio of 504.32, a P/E/G ratio of 25.98 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. The business has a 50-day simple moving average of $246.68 and a 200-day simple moving average of $221.26.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly 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. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. Datadog's quarterly revenue was up 35.6% compared to the same quarter last year. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

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.

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