Monetta Financial Services Inc. Invests $2.73 Million in Datadog, Inc. $DDOG

Key Points

• Monetta Financial Services initiated a $2.73 million Datadog position by purchasing 10,500 shares in the second quarter, making DDOG its 14th-largest holding. Institutional investors collectively own 78.29% of the company.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and adjusted earnings of $0.65 per share—beating analyst expectations of $0.58. The company issued third-quarter and full-year 2026 earnings guidance.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $276.32. However, insiders sold 1.47 million shares worth approximately $363.4 million over the past quarter, including significant sales by the CEO and a director.

Monetta Financial Services Inc. purchased a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,500 shares of the company's stock, valued at approximately $2,734,000. Datadog makes up about 1.9% of Monetta Financial Services Inc.'s portfolio, making the stock its 14th biggest position.

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

Insider Activity at Datadog

In other news, Director Michael James Callahan sold 112,500 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $231.60, for a total transaction of $26,055,000.00. Following the transaction, the director owned 14,996 shares of the company's stock, valued at approximately $3,473,073.60. This represents a 88.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $231.69, for a total value of $29,457,298.29. Following the transaction, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $141,967,352.43. This represents a 17.18% 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 quarter, insiders sold 1,465,134 shares of company stock valued at $363,421,509. Insiders own 6.48% of the company's stock.

Datadog Stock Performance

DDOG stock opened at $233.52 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $83.85 billion, a price-to-earnings ratio of 476.58, a P/E/G ratio of 24.14 and a beta of 1.54. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72. The firm has a 50 day moving average of $249.72 and a two-hundred day moving average of $184.87.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings results 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. Datadog had a net margin of 4.48% and a return on equity of 5.67%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.46 EPS. Datadog's revenue for the quarter 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 analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wolfe Research restated an "outperform" rating and set a $295.00 price objective on shares of Datadog in a research report on Thursday, June 11th. Morgan Stanley upped their target price on Datadog from $225.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Needham & Company LLC increased their price target on shares of Datadog from $260.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Capital One Financial raised their price target on shares of Datadog from $217.00 to $268.00 and gave the stock an "overweight" rating in a report on Wednesday, June 17th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $275.00 price objective (up from $230.00) on shares of Datadog in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $276.32.

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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