New York State Teachers Retirement System Boosts Stake in Datadog, Inc. $DDOG

New York State Teachers Retirement System raised its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 9.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 236,230 shares of the company's stock after purchasing an additional 20,788 shares during the quarter. New York State Teachers Retirement System owned 0.07% of Datadog worth $32,125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DDOG. Rothschild Investment LLC raised its position in Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company's stock worth $25,000 after purchasing an additional 100 shares during the period. Physician Wealth Advisors Inc. grew its stake in Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company's stock worth $27,000 after acquiring an additional 145 shares in the last quarter. Westside Investment Management Inc. grew its stake in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. JPL Wealth Management LLC bought a new position in Datadog in the 3rd quarter worth about $27,000. Finally, Hazlett Burt & Watson Inc. bought a new position in Datadog in the 3rd quarter worth about $28,000. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DDOG. Capital One Financial dropped their target price on shares of Datadog from $157.00 to $135.00 and set an "overweight" rating on the stock in a research note on Thursday, April 16th. Evercore dropped their target price on shares of Datadog from $215.00 to $175.00 and set an "outperform" rating on the stock in a research note on Monday, February 2nd. Royal Bank Of Canada dropped their target price on shares of Datadog from $175.00 to $150.00 and set an "outperform" rating on the stock in a research note on Monday, February 9th. Canadian Imperial Bank of Commerce dropped their target price on shares of Datadog from $240.00 to $215.00 and set an "outperformer" rating on the stock in a research note on Monday, April 20th. Finally, Canaccord Genuity Group restated a "buy" rating on shares of Datadog in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $177.03.

Insider Activity

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $125.49, for a total transaction of $6,765,416.88. Following the transaction, the chief technology officer directly owned 437,257 shares in the company, valued at approximately $54,871,380.93. This trade represents a 10.98% 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. Also, CRO Sean Michael Walters sold 22,330 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $125.68, for a total transaction of $2,806,434.40. Following the transaction, the executive owned 238,384 shares in the company, valued at approximately $29,960,101.12. This represents a 8.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 594,639 shares of company stock worth $72,214,894. Corporate insiders own 6.67% of the company's stock.

Datadog Price Performance

NASDAQ DDOG opened at $140.53 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 3.38 and a current ratio of 3.38. The firm's 50 day moving average price is $121.30 and its 200-day moving average price is $137.24. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $201.69. The company has a market cap of $49.55 billion, a PE ratio of 453.32, a P/E/G ratio of 47.85 and a beta of 1.30.

Datadog (NASDAQ:DDOG - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.04. Datadog had a net margin of 3.14% and a return on equity of 4.14%. The firm had revenue of $953.19 million for the quarter, compared to the consensus estimate of $916.53 million. During the same period last year, the firm earned $0.49 earnings per share. The company's quarterly revenue was up 29.2% on a year-over-year basis. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. Sell-side analysts forecast that Datadog, Inc. will post 0.32 EPS for the current fiscal year.

Datadog Company 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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