Kestra Advisory Services LLC Sells 5,435 Shares of Datadog, Inc. $DDOG

Key Points

• Kestra Advisory Services cut its Datadog stake by 51.1% in the first quarter, selling 5,435 shares and retaining 5,203 shares valued at approximately $614,000. Institutional investors and hedge funds collectively own 78.29% of Datadog.
• Analysts remain broadly optimistic, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $261.68. Recent target increases included KeyCorp’s move to $320 and Arete Research’s move to $340.
• Datadog reported quarterly earnings of $0.60 per share on $1.01 billion in revenue, exceeding estimates and representing 32.1% year-over-year revenue growth. However, insiders sold 1.38 million shares worth roughly $315.1 million over the past 90 days.

Kestra Advisory Services LLC reduced its stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 51.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,203 shares of the company's stock after selling 5,435 shares during the quarter. Kestra Advisory Services LLC's holdings in Datadog were worth $614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Datadog during the fourth quarter worth $209,000. Bison Wealth LLC acquired a new stake in Datadog during the 4th quarter worth about $228,000. Empowered Funds LLC grew its holdings in Datadog by 7.0% during the 1st quarter. Empowered Funds LLC now owns 10,313 shares of the company's stock worth $1,023,000 after acquiring an additional 672 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Datadog by 17.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 769 shares of the company's stock worth $76,000 after acquiring an additional 115 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in shares of Datadog in the 2nd quarter worth about $509,000. Institutional investors and hedge funds own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DDOG shares. KeyCorp upped their target price on Datadog from $225.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Arete Research lifted their target price on Datadog from $260.00 to $340.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. Citigroup reissued a "market outperform" rating on shares of Datadog in a research note on Monday, July 20th. Wedbush initiated coverage on Datadog in a report on Monday, June 15th. They set a "neutral" rating on the stock. Finally, Stifel Nicolaus set a $305.00 price objective on shares of Datadog in a research report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $261.68.

Insider Activity

In other news, CEO Olivier Pomel sold 84,698 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $232.30, for a total transaction of $19,675,345.40. Following the transaction, the chief executive officer directly owned 612,747 shares of the company's stock, valued at $142,341,128.10. This represents a 12.14% decrease in their ownership of the stock. The sale 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, General Counsel Kerry Acocella sold 5,371 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $233.91, for a total value of $1,256,330.61. Following the completion of the transaction, the general counsel owned 127,866 shares in the company, valued at approximately $29,909,136.06. This represents a 4.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,376,309 shares of company stock valued at $315,082,602. Corporate insiders own 6.48% of the company's stock.

Datadog Stock Performance

Shares of Datadog stock opened at $246.86 on Monday. Datadog, Inc. has a one year low of $98.01 and a one year high of $278.70. The firm has a market capitalization of $87.87 billion, a price-to-earnings ratio of 649.65, a PEG ratio of 25.10 and a beta of 1.54. The business has a 50-day simple moving average of $241.40 and a 200 day simple moving average of $168.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.40 and a quick ratio of 3.40.

Datadog (NASDAQ:DDOG - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $960.12 million. Datadog had a return on equity of 4.83% and a net margin of 3.69%.The firm's revenue for the quarter was up 32.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, research analysts anticipate that Datadog, Inc. will post 0.64 earnings per share 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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