North Star Asset Management Inc. Acquires Shares of 87,000 Datadog, Inc. $DDOG

Key Points

• North Star Asset Management acquired 87,000 Datadog shares in the second quarter, valued at approximately $22.7 million. Institutional investors collectively own 78.29% of DDOG.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year and above estimates, while adjusted EPS of $0.65 exceeded consensus by $0.07.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $276.32 price target, although insiders have sold about $365.4 million of shares over the past three months.

North Star Asset Management Inc. bought a new stake in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 87,000 shares of the company's stock, valued at approximately $22,651,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DDOG. Elevation Point Wealth Partners LLC boosted its holdings in Datadog by 3.3% in the third quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company's stock valued at $242,000 after acquiring an additional 55 shares during the last quarter. Vivaldi Capital Management LP raised its holdings in Datadog by 2.8% during the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company's stock worth $383,000 after purchasing an additional 74 shares during the last quarter. State of Wyoming lifted its position in Datadog by 4.1% during the 1st quarter. State of Wyoming now owns 1,946 shares of the company's stock valued at $230,000 after purchasing an additional 76 shares during the period. Certuity LLC lifted its position in Datadog by 5.4% during the 4th quarter. Certuity LLC now owns 1,588 shares of the company's stock valued at $216,000 after purchasing an additional 82 shares during the period. Finally, Great Lakes Advisors LLC boosted its stake in shares of Datadog by 2.3% in the 4th quarter. Great Lakes Advisors LLC now owns 3,697 shares of the company's stock valued at $503,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 78.29% of the company's stock.

Datadog Trading Up 6.7%

NASDAQ:DDOG opened at $242.93 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The business's 50-day simple moving average is $249.92 and its 200-day simple moving average is $189.62. Datadog, Inc. has a fifty-two week low of $98.01 and a fifty-two week high of $292.72. The stock has a market capitalization of $87.23 billion, a PE ratio of 495.79, a price-to-earnings-growth ratio of 22.17 and a beta of 1.54.

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

Analyst Ratings Changes

DDOG has been the subject of several analyst reports. Mizuho lifted their price target on shares of Datadog from $220.00 to $300.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 15th. Needham & Company LLC upped their target price on shares of Datadog from $260.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Guggenheim increased their price target on Datadog from $225.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Arete Research increased their price target on Datadog from $260.00 to $340.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Finally, Scotiabank lifted their price objective on Datadog from $275.00 to $285.00 and gave the stock an "outperform" rating 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Datadog has a consensus rating of "Moderate Buy" and a consensus price target of $276.32.

Insider Activity at Datadog

In related news, Director Matthew Jacobson sold 19,512 shares of the firm's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $256.25, for a total transaction of $4,999,950.00. Following the sale, the director directly owned 524,708 shares in the company, valued at $134,456,425. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Olivier Pomel sold 47,054 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $235.49, for a total transaction of $11,080,746.46. Following the completion of the sale, the chief executive officer directly owned 612,747 shares in the company, valued at $144,295,791.03. This represents a 7.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,470,714 shares of company stock valued at $365,447,780 over the last three months. Insiders own 6.48% of the company's stock.

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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