QRG Capital Management Inc. Has $40.09 Million Holdings in Datadog, Inc. $DDOG

Key Points

• QRG Capital Management increased its Datadog position by 763.4% in the second quarter, ending with 153,974 shares valued at approximately $40.09 million. Institutional investors collectively own 78.29% of Datadog.
• Analysts remain broadly bullish, with Datadog receiving a consensus “Moderate Buy” rating and an average price target of $276.66, despite one recent downgrade to “Market Perform.”
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and adjusted earnings of $0.65 per share, beating estimates. The stock recently traded at $251.49, while insiders have sold more than $251 million in shares over the past three months.

QRG Capital Management Inc. boosted its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 763.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,974 shares of the company's stock after buying an additional 136,141 shares during the period. QRG Capital Management Inc.'s holdings in Datadog were worth $40,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DDOG. Cornerstone Financial Management LLC grew its holdings in Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock worth $33,000 after acquiring an additional 45 shares during the period. State of Wyoming lifted its stake in shares of Datadog by 4.1% in 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. Rothschild Investment LLC lifted its stake in shares of Datadog by 52.5% in the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company's stock valued at $37,000 after purchasing an additional 94 shares during the period. Ancora Advisors LLC boosted its position in shares of Datadog by 44.1% during the 2nd quarter. Ancora Advisors LLC now owns 307 shares of the company's stock valued at $80,000 after purchasing an additional 94 shares in the last quarter. Finally, AXS Investments LLC boosted its position in shares of Datadog by 2.1% during the 4th quarter. AXS Investments LLC now owns 4,795 shares of the company's stock valued at $652,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DDOG shares. Sanford C. Bernstein downgraded Datadog from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $180.00 to $226.00 in a report on Monday, July 6th. Guggenheim raised their price objective on shares of Datadog from $225.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. TD Cowen lifted their price objective on shares of Datadog from $260.00 to $300.00 and gave the company a "buy" rating in a research note on Wednesday, July 22nd. Wells Fargo & Company boosted their target price on shares of Datadog from $230.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, July 20th. Finally, Arete Research increased their target price on shares of Datadog from $260.00 to $340.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Datadog has an average rating of "Moderate Buy" and a consensus target price of $276.66.

Datadog Stock Up 1.6%

NASDAQ:DDOG traded up $4.01 on Wednesday, hitting $251.49. The stock had a trading volume of 2,826,949 shares, compared to its average volume of 5,362,518. 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 52 week low of $98.01 and a 52 week high of $292.72. The business's fifty day moving average is $241.96 and its 200 day moving average is $203.43. The company has a market cap of $90.31 billion, a PE ratio of 513.26, a P/E/G ratio of 23.92 and a beta of 1.49.

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

Insider Buying and Selling at Datadog

In other news, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction dated Wednesday, August 5th. The shares were 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 directly owned 612,747 shares in the company, valued at $175,680,692.37. This trade represents a 17.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 business's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $227.47, for a total transaction of $9,098,800.00. Following the sale, the chief financial officer directly owned 378,067 shares of the company's stock, valued at approximately $85,998,900.49. The trade was a 9.57% decrease in their ownership of the stock. 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 three months, insiders have sold 1,033,764 shares of company stock valued at $251,070,750. Corporate insiders own 6.48% of the company's stock.

Datadog Company Profile

Datadog, Inc NASDAQ: DDOG is a cloud-based software company that provides monitoring, observability, security and analytics tools for modern applications and information technology environments. Its platform helps organizations collect, correlate and analyze data from servers, databases, applications, containers, networks and cloud services in a unified environment.

The company's products include infrastructure monitoring, application performance monitoring, log management, real user and synthetic monitoring, database monitoring, cloud security, software delivery tools, incident management and cloud cost management.

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