HB Wealth Management LLC Increases Stock Holdings in Datadog, Inc. $DDOG

Key Points

• HB Wealth Management increased its Datadog stake by 95.2% in the second quarter, bringing its holdings to 16,539 shares worth approximately $4.31 million. Institutional investors collectively own 78.29% of DDOG.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $276.32; recent targets range from $280 to $340.
• Datadog beat quarterly estimates with $0.65 in EPS and $1.12 billion in revenue, up 35.6% year over year. However, insiders sold more than 1.11 million shares worth approximately $272 million over the past 90 days, primarily to cover tax obligations tied to equity awards.

HB Wealth Management LLC raised its stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 95.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,539 shares of the company's stock after purchasing an additional 8,068 shares during the quarter. HB Wealth Management LLC's holdings in Datadog were worth $4,306,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DDOG. JPL Wealth Management LLC bought a new stake in shares of Datadog during the 3rd quarter valued at about $27,000. EMC Capital Management purchased a new stake in Datadog in the second quarter worth about $28,000. Rothschild Investment LLC lifted its holdings in Datadog by 52.5% in the fourth quarter. Rothschild Investment LLC now owns 273 shares of the company's stock worth $37,000 after buying an additional 94 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in Datadog by 341.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company's stock valued at $38,000 after acquiring an additional 246 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its position in Datadog by 2,700.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock valued at $44,000 after acquiring an additional 162 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors.

Insider Activity at Datadog

In other Datadog news, General Counsel Kerry Acocella sold 7,343 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total transaction of $1,563,324.70. Following the sale, the general counsel directly owned 120,523 shares in the company, valued at approximately $25,659,346.70. This trade represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Sean Walters sold 13,575 shares of Datadog stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $212.90, for a total value of $2,890,117.50. Following the completion of the sale, the executive directly owned 244,845 shares of the company's stock, valued at approximately $52,127,500.50. The trade was a 5.25% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 1,114,589 shares of company stock valued at $271,957,031 over the last ninety days. Corporate insiders own 6.48% of the company's stock.

Wall Street Analysts Forecast Growth

DDOG has been the subject of several research reports. Mizuho increased their target price on Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Robert W. Baird set a $300.00 price objective on Datadog in a report on Friday, August 7th. Bank of America boosted their target price on shares of Datadog from $260.00 to $280.00 and gave the company a "buy" rating in a report on Monday, June 8th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $280.00 price target on shares of Datadog in a research note on Thursday, July 16th. Finally, Arete Research lifted their price target on shares of Datadog from $260.00 to $340.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $276.32.

Datadog Stock Performance

Shares of Datadog stock opened at $212.93 on Tuesday. The stock has a market cap of $76.46 billion, a price-to-earnings ratio of 434.56, a PEG ratio of 20.85 and a beta of 1.49. The firm's 50-day moving average is $248.93 and its 200 day moving average is $194.39. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $292.72. 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 released its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share 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 net margin of 4.48% and a return on equity of 5.67%. Datadog's revenue was up 35.6% compared to the same quarter last year. During the same period last year, the business earned $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. Sell-side analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

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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