Farther Finance Advisors LLC Raises Holdings in Datadog, Inc. $DDOG

Key Points

• Farther Finance Advisors LLC increased its Datadog stake by 921.4% in the third quarter, purchasing 56,664 additional shares to hold 62,814 shares worth approximately $17.2 million. Institutional investors collectively own 78.29% of DDOG.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and earnings per share of $0.65, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $277.73.
• Datadog insiders have been selling shares, including its CTO and CFO, with insiders selling 938,076 shares worth approximately $226.7 million over the past 90 days.

Farther Finance Advisors LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 921.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,814 shares of the company's stock after purchasing an additional 56,664 shares during the period. Farther Finance Advisors LLC's holdings in Datadog were worth $17,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. EMC Capital Management bought a new position in shares of Datadog during the 2nd quarter valued at approximately $28,000. Cornerstone Financial Management LLC lifted its position in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock worth $33,000 after buying an additional 45 shares during the last quarter. Elevation Wealth Partners LLC lifted its position in Datadog by 2,700.0% in the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock worth $44,000 after buying an additional 162 shares during the last quarter. Planning Strategies Inc. boosted its stake in Datadog by 529.6% during the third quarter. Planning Strategies Inc. now owns 170 shares of the company's stock worth $47,000 after buying an additional 143 shares during the period. Finally, Retirement Wealth Solutions LLC boosted its stake in Datadog by 233.3% during the third quarter. Retirement Wealth Solutions LLC now owns 200 shares of the company's stock worth $55,000 after buying an additional 140 shares during the period. 78.29% of the stock is owned by institutional investors.

Datadog Stock Performance

DDOG stock opened at $273.80 on Friday. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72. The business has a 50-day moving average price of $245.27 and a 200 day moving average price of $215.54. The company has a market capitalization of $98.32 billion, a P/E ratio of 558.79, a PEG ratio of 26.48 and a beta of 1.51. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (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 company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the prior year, the business earned $0.46 EPS. The firm's quarterly 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. As a group, equities research analysts forecast that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on DDOG. Arete Research increased their price objective on shares of Datadog from $260.00 to $340.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. FBN Securities started coverage on shares of Datadog in a report on Friday, October 2nd. They issued an "outperform" rating and a $325.00 price target on the stock. BMO Capital Markets set a $300.00 price target on shares of Datadog in a research note on Friday, August 7th. Citigroup lifted their price objective on shares of Datadog from $300.00 to $305.00 and gave the company a "buy" rating in a report on Friday, August 7th. Finally, Capital One Financial boosted their price objective on shares of Datadog from $217.00 to $268.00 and gave the company an "overweight" rating in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Datadog has an average rating of "Moderate Buy" and an average price target of $277.73.

Insider Activity

In related news, CTO Alexis Le-Quoc sold 53,912 shares of Datadog stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer directly owned 509,805 shares of the company's stock, valued at $129,164,194.80. This trade represents a 9.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 40,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the completion of the transaction, the chief financial officer directly owned 378,067 shares of the company's stock, valued at $85,998,900.49. This trade represents a 9.57% 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. Over the last ninety days, insiders have sold 938,076 shares of company stock worth $226,690,473. Corporate insiders own 6.48% of the company's 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.

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