Ninepoint Partners LP Takes $2.33 Million Position in Datadog, Inc. $DDOG

Key Points

• Ninepoint Partners acquired 8,966 Datadog shares worth approximately $2.33 million, adding to significant institutional ownership that now represents 78.29% of the stock.
• Datadog exceeded quarterly expectations, reporting $0.65 earnings per share versus a $0.58 consensus estimate and $1.12 billion in revenue, up 35.6% year over year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $276.32, although insiders sold roughly $363.4 million in shares during the last quarter.

Ninepoint Partners LP purchased a new position in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,966 shares of the company's stock, valued at approximately $2,334,000.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Datadog by 7.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,423,814 shares of the company's stock valued at $1,961,496,000 after purchasing an additional 956,993 shares in the last quarter. State Street Corp lifted its position in shares of Datadog by 106.8% during the 3rd quarter. State Street Corp now owns 13,732,777 shares of the company's stock worth $1,955,547,000 after buying an additional 7,091,075 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Datadog by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 9,056,086 shares of the company's stock worth $1,227,184,000 after buying an additional 197,816 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Datadog by 22.8% in the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock valued at $905,570,000 after buying an additional 1,439,082 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake 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 buying an additional 2,316,994 shares in the last quarter. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Datadog Price Performance

DDOG stock opened at $232.55 on Friday. The company has a fifty day moving average price of $249.69 and a 200-day moving average price of $185.59. The company has a market capitalization of $83.50 billion, a P/E ratio of 474.60, a PEG ratio of 22.92 and a beta of 1.54. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $292.72. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.20 and a current ratio of 3.20.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.08 billion. Datadog had a net margin of 4.48% and a return on equity of 5.67%. Datadog's revenue for the quarter was up 35.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share. 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 expect that Datadog, Inc. will post 0.7 EPS for the current year.

Insider Buying and Selling

In other Datadog news, Director Michael James Callahan sold 12,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $287.47, for a total transaction of $3,593,375.00. Following the completion of the sale, the director owned 14,996 shares of the company's stock, valued at approximately $4,310,900.12. This represents a 45.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total transaction of $36,452,596.11. Following the completion of the transaction, the chief executive officer owned 612,747 shares in the company, valued at $175,680,692.37. This trade 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. In the last quarter, insiders have sold 1,465,134 shares of company stock valued at $363,421,509. Corporate insiders own 6.48% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of several research analyst reports. KeyCorp boosted their target price on Datadog from $225.00 to $320.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Canaccord Genuity Group upped their price objective on shares of Datadog from $250.00 to $295.00 and gave the stock a "buy" rating in a research report on Tuesday, August 4th. Cantor Fitzgerald raised their target price on shares of Datadog from $226.00 to $327.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Sanford C. Bernstein downgraded shares of Datadog from an "outperform" rating to a "market perform" rating and upped their price target for the stock from $180.00 to $226.00 in a report on Monday, July 6th. Finally, The Goldman Sachs Group reiterated a "sell" rating and issued a $158.00 price target on shares of Datadog in a research note on Friday, August 7th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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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