Engineers Gate Manager LP Sells 61,056 Shares of Datadog, Inc. $DDOG

Key Points

• Engineers Gate Manager LP cut its Datadog position by 36% in the second quarter, selling 61,056 shares and retaining 108,761 shares valued at approximately $28.3 million.
• Datadog exceeded quarterly expectations with EPS of $0.65 versus $0.58 expected and revenue of $1.12 billion, up 35.6% year over year. The company issued third-quarter 2026 EPS guidance of $0.63–$0.65.
• Analyst sentiment remains positive: Datadog has a consensus rating of “Moderate Buy” and an average price target of $276.32, while insiders sold approximately $273 million of stock during the latest quarter.

Engineers Gate Manager LP decreased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 36.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,761 shares of the company's stock after selling 61,056 shares during the period. Engineers Gate Manager LP's holdings in Datadog were worth $28,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Datadog in the 2nd quarter valued at about $297,000. NorthRock Partners LLC bought a new stake in shares of Datadog during the second quarter worth approximately $220,000. Integrated Wealth Concepts LLC lifted its holdings in Datadog by 1,691.4% in the second quarter. Integrated Wealth Concepts LLC now owns 186,216 shares of the company's stock valued at $48,483,000 after buying an additional 175,821 shares during the period. RFG Advisory LLC bought a new position in Datadog in the second quarter valued at approximately $249,000. Finally, Cypress Capital Management LLC WY bought a new position in Datadog in the second quarter valued at approximately $77,000. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Stock Performance

Shares of Datadog stock opened at $225.27 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The firm has a market cap of $80.89 billion, a price-to-earnings ratio of 459.74, a price-to-earnings-growth ratio of 20.58 and a beta of 1.49. The stock's 50-day moving average is $247.14 and its 200-day moving average is $195.75. Datadog, Inc. has a one year low of $98.01 and a one year high of $292.72.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period 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. Equities analysts predict that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Oppenheimer raised their price target on Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Datadog from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. TD Cowen increased their target price on shares of Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a report on Wednesday, July 22nd. Robert W. Baird set a $300.00 price target on shares of Datadog in a report on Friday, August 7th. Finally, Needham & Company LLC raised their price objective on Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $276.32.

Insider Activity

In other Datadog news, Director Michael Callahan sold 112,500 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $231.60, for a total value of $26,055,000.00. Following the completion of the transaction, the director directly owned 14,996 shares in the company, valued at $3,473,073.60. This trade represents a 88.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company's stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $257.24, for a total value of $13,868,322.88. Following the sale, the chief technology officer owned 509,805 shares in the company, valued at approximately $131,142,238.20. This represents a 9.56% 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 1,120,370 shares of company stock worth $273,030,358 in the last quarter. Corporate insiders own 6.48% of the company's stock.

About Datadog

Datadog, Inc NASDAQ: DDOG is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company's products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.

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