Datadog, Inc. $DDOG Stock Sold by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management cut its Datadog stake by 20.4% in the third quarter, selling 10,540 shares and retaining 41,082 shares valued at approximately $11.25 million. Institutional investors collectively own 78.29% of DDOG.
• Datadog insiders sold substantial amounts of stock, including CEO Olivier Pomel’s approximately $36.5 million sale and director Matthew Jacobson’s roughly $10 million sale. Insiders sold $213.6 million worth of shares over the past 90 days.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $286.57. Datadog also exceeded quarterly EPS and revenue estimates, reporting 35.6% year-over-year revenue growth.

Apollon Wealth Management LLC trimmed its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 20.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,082 shares of the company's stock after selling 10,540 shares during the quarter. Apollon Wealth Management LLC's holdings in Datadog were worth $11,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DDOG. Capelight Capital Asset Management LP purchased a new position in shares of Datadog during the third quarter worth about $4,108,000. EULAV Asset Management bought a new stake in Datadog in the third quarter worth $11,704,000. BG Investment Services LLC bought a new stake in Datadog in the third quarter worth $756,000. Citizens Financial Group Inc. RI boosted its position in Datadog by 0.6% during the third quarter. Citizens Financial Group Inc. RI now owns 18,120 shares of the company's stock valued at $4,962,000 after buying an additional 106 shares during the period. Finally, Simplicity Wealth LLC boosted its position in Datadog by 123.7% during the third quarter. Simplicity Wealth LLC now owns 3,036 shares of the company's stock valued at $831,000 after buying an additional 1,679 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Matthew Jacobson sold 39,912 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $250.55, for a total transaction of $9,999,951.60. Following the sale, the director owned 544,220 shares in the company, valued at $136,354,321. This represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the sale, the chief executive officer owned 612,747 shares of the company's stock, valued at $175,680,692.37. The trade was a 17.18% 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. Insiders sold 881,710 shares of company stock worth $213,560,746 in the last 90 days. Corporate insiders own 6.48% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the topic of a number of recent research reports. KeyCorp raised their price objective on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Needham & Company LLC lifted their price target on Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Weiss Ratings upgraded Datadog from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Scotiabank boosted their price objective on Datadog from $275.00 to $285.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Finally, FBN Securities assumed coverage on Datadog in a research note on Friday, October 2nd. They set an "outperform" rating and a $325.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, forty have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $286.57.

Datadog Trading Up 3.9%

NASDAQ DDOG opened at $280.24 on Tuesday. 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 stock's 50 day moving average is $248.75 and its 200 day moving average is $194.75. The firm has a market capitalization of $100.63 billion, a PE ratio of 442.05, a P/E/G ratio of 26.32 and a beta of 1.51. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog's revenue was up 35.6% on a year-over-year basis. During the same period last 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. Research analysts forecast that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

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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