Geode Capital Management LLC Grows Stock Holdings in Datadog, Inc. $DDOG

Key Points

• Geode Capital Management increased its Datadog stake by 2.2% in the fourth quarter, bringing its holdings to 9.06 million shares worth about $1.23 billion.
• Other institutional investors also boosted positions, with Vanguard, State Street, Jennison, Invesco, and AQR all increasing their Datadog ownership, highlighting strong institutional interest in the stock.
• Datadog continues to draw upbeat analyst and business momentum, including a Bank of America price target hike to $260, FedRAMP High certification for its government offering, and a recent earnings beat with 32.1% revenue growth.

Geode Capital Management LLC raised its position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,056,086 shares of the company's stock after buying an additional 197,816 shares during the period. Geode Capital Management LLC owned about 2.58% of Datadog worth $1,227,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of DDOG. Vanguard Group Inc. boosted its position in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company's stock worth $5,966,877,000 after buying an additional 9,748,738 shares during the period. State Street Corp boosted its holdings in Datadog by 106.8% in the third quarter. State Street Corp now owns 13,732,777 shares of the company's stock valued at $1,955,547,000 after purchasing an additional 7,091,075 shares during the period. Jennison Associates LLC boosted its holdings in Datadog by 43.7% in the fourth quarter. Jennison Associates LLC now owns 7,623,993 shares of the company's stock valued at $1,036,787,000 after purchasing an additional 2,316,994 shares during the period. Invesco Ltd. boosted its holdings in Datadog by 119.2% in the third quarter. Invesco Ltd. now owns 4,075,721 shares of the company's stock valued at $580,383,000 after purchasing an additional 2,216,402 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Datadog by 99.8% in the second quarter. AQR Capital Management LLC now owns 1,847,722 shares of the company's stock valued at $247,983,000 after purchasing an additional 923,038 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Bank of America raised its price target on Datadog to $260 from $225, signaling more upside potential even after the stock’s strong run. MarketScreener article
• Positive Sentiment: Datadog and Carahsoft announced that Datadog for Government achieved FedRAMP High certification, which could expand adoption in the federal market and strengthen its security/observability offering. GlobeNewswire article
• Positive Sentiment: Multiple articles highlighted Datadog as a beneficiary of AI and cloud growth, while Wedbush reportedly added the stock to its AI 30 list, reinforcing the bullish long-term growth narrative. Barchart article
• Neutral Sentiment: Zacks described Datadog as a top-ranked growth stock, which supports the bullish case but does not add a specific new catalyst. Zacks article
• Neutral Sentiment: Goldman Sachs reportedly kept a Sell rating while raising its target, and a large insider sale by CEO Olivier Pomel may temper enthusiasm, though the trade was made under a pre-arranged 10b5-1 plan. Insider trade filing

Datadog Stock Up 1.5%

DDOG opened at $225.24 on Friday. The business's 50-day simple moving average is $151.89 and its 200-day simple moving average is $142.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. Datadog, Inc. has a one year low of $98.01 and a one year high of $235.00. The stock has a market capitalization of $80.18 billion, a P/E ratio of 592.75, a price-to-earnings-growth ratio of 41.56 and a beta of 1.30.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.60 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $960.12 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business's revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Analysts anticipate that Datadog, Inc. will post 0.61 EPS for the current year.

Insider Buying and Selling at Datadog

In other news, Director Amit Agarwal sold 20,000 shares of Datadog stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $200.13, for a total transaction of $4,002,600.00. Following the sale, the director owned 1,640 shares in the company, valued at approximately $328,213.20. The trade was a 92.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julie Richardson sold 1,930 shares of Datadog stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $185.82, for a total value of $358,632.60. Following the sale, the director owned 2,106 shares in the company, valued at $391,336.92. This trade represents a 47.82% 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. In the last three months, insiders have sold 970,661 shares of company stock valued at $148,952,223. 6.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DDOG. Weiss Ratings reiterated a "sell (d+)" rating on shares of Datadog in a report on Monday, April 20th. TD Cowen lifted their target price on Datadog from $190.00 to $235.00 and gave the company a "buy" rating in a report on Thursday, May 7th. Wall Street Zen upgraded Datadog from a "hold" rating to a "buy" rating in a report on Saturday, May 16th. CICC Research lifted their target price on Datadog from $150.00 to $204.00 in a report on Monday, May 11th. Finally, Benchmark reiterated a "buy" rating on shares of Datadog in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.95.

Datadog Profile

Datadog NASDAQ: DDOG is a cloud-based monitoring and observability platform that helps organizations monitor, troubleshoot and secure their applications and infrastructure at scale. Its software-as-a-service offering collects and analyzes metrics, traces and logs from servers, containers, cloud services and applications to provide real-time visibility into system performance and health. Datadog's platform is widely used by engineering, operations and security teams to reduce downtime, accelerate incident response and improve application reliability.

The company's product suite includes infrastructure monitoring, application performance monitoring (APM), log management, real user monitoring (RUM), synthetic monitoring and network performance monitoring, along with security-focused products such as security monitoring and cloud SIEM.

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