Provenance Wealth Advisors LLC Buys 4,909 Shares of Datadog, Inc. $DDOG

Key Points

• Provenance Wealth Advisors increased its Datadog stake by 482.7% in the third quarter, buying 4,909 shares to hold 5,926 shares valued at approximately $1.62 million.
• Datadog reported quarterly earnings of $0.65 per share, above the $0.58 consensus, and revenue of $1.12 billion, up 35.6% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $287.98; meanwhile, company insiders sold 765,293 shares worth about $180.2 million over 90 days, including sales under preset trading plans.

Provenance Wealth Advisors LLC lifted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 482.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,926 shares of the company's stock after acquiring an additional 4,909 shares during the period. Provenance Wealth Advisors LLC's holdings in Datadog were worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Financial Management LLC increased its stake in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. United Asset Strategies Inc. raised its holdings in Datadog by 1.1% in the third quarter. United Asset Strategies Inc. now owns 5,997 shares of the company's stock worth $1,642,000 after purchasing an additional 68 shares during the period. State of Wyoming raised its holdings in Datadog by 4.1% in the first quarter. State of Wyoming now owns 1,946 shares of the company's stock worth $230,000 after purchasing an additional 76 shares during the period. Roberts Wealth Advisors LLC boosted its position in shares of Datadog by 0.6% during the third quarter. Roberts Wealth Advisors LLC now owns 15,720 shares of the company's stock worth $4,305,000 after purchasing an additional 91 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Datadog by 44.1% during the second quarter. Ancora Advisors LLC now owns 307 shares of the company's stock worth $80,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Insider Transactions at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the completion of the transaction, the chief technology officer directly owned 509,805 shares of the company's stock, valued at $129,164,194.80. This represents a 9.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Obstler sold 40,000 shares of the company's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $227.47, for a total value of $9,098,800.00. Following the transaction, the chief financial officer directly owned 378,067 shares of the company's stock, valued at $85,998,900.49. This represents a 9.57% 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. Insiders have sold a total of 765,293 shares of company stock worth $180,233,548 in the last 90 days. Company insiders own 6.48% of the company's stock.

Datadog Stock Up 2.0%

Datadog stock opened at $220.52 on Wednesday. The company has a 50 day moving average of $250.77 and a 200-day moving average of $199.09. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68. The stock has a market capitalization of $79.18 billion, a PE ratio of 450.05, a price-to-earnings-growth ratio of 21.09 and a beta of 1.50.

Datadog (NASDAQ:DDOG - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping 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 analyst estimates of $1.08 billion. During the same period last year, the business posted $0.46 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts anticipate that Datadog, Inc. will post 0.70 EPS for the current fiscal year.

Key Headlines Impacting Datadog

Here are the key news stories impacting Datadog this week:

• Positive Sentiment: Analysts see potential for another beat-and-raise quarter. Expectations include roughly 28.9% revenue growth, supported by AI-related demand and adoption of multiple Datadog products; Wedbush is also optimistic about the report. Datadog Likely to Deliver Another Beat-and-Raise Quarter, Wedbush Says Datadog Before Q3 Earnings: What's in the Cards for the Stock?
• Positive Sentiment: Evercore ISI raised its price target to $300, adding to the positive analyst backdrop ahead of earnings. Datadog Price Target Raised to $300 at Evercore ISI
• Neutral Sentiment: Datadog’s CTO sold $12.06 million of shares under a preset trading plan. The planned sale may attract attention but does not, by itself, indicate a change in the company’s outlook. Datadog CTO sells stock under a preset trading plan
• Negative Sentiment: Risks include a major customer reducing usage and a high valuation that leaves little room for an earnings or growth disappointment. One analysis cautioned that investors want proof the AI opportunity is translating into durable results. Datadog: Good AI Story, But I Still Need Proof
• Negative Sentiment: Cloud-software stocks have faced concerns about AI spending and growth deceleration; Datadog also came under pressure amid a broader tech selloff. That cautious sector mood could weigh on shares even if earnings expectations are favorable. Palantir Falls Despite Earnings Beat; Datadog and Snowflake Also Slide

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Datadog from $290.00 to $300.00 and gave the company an "overweight" rating in a report on Tuesday, October 13th. TD Cowen reaffirmed a "buy" rating on shares of Datadog in a research note on Monday, October 26th. BMO Capital Markets set a $300.00 price objective on Datadog in a research note on Friday, August 7th. Robert W. Baird set a $300.00 target price on Datadog in a report on Friday, August 7th. Finally, Guggenheim boosted their target price on Datadog from $225.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $287.98.

Datadog Profile

Datadog, Inc is a technology company that provides a cloud-based monitoring and security platform for applications, infrastructure and other technology environments. Its platform helps organizations collect, analyze and visualize data from servers, databases, containers, cloud services, applications and user interactions in a unified environment.

Datadog's products include infrastructure monitoring, application performance monitoring, log management, real user monitoring, synthetic monitoring, network performance monitoring, cloud security, software delivery tools and incident-management capabilities.

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