Tidal Investments LLC Purchases 13,977 Shares of Datadog, Inc. $DDOG

Key Points

• Tidal Investments increased its Datadog stake by 17.4% in the second quarter, purchasing 13,977 additional shares and bringing its holdings to 94,299 shares worth approximately $24.6 million. Institutional investors collectively own 78.29% of DDOG.
• Analysts remain broadly bullish, with 38 Buy ratings, a consensus “Moderate Buy” rating, and an average price target of $276.32. Recent firms raised targets as high as $311.
• Datadog exceeded quarterly expectations with $0.65 in EPS and $1.12 billion in revenue, up 35.6% year over year. However, company insiders sold more than 1.07 million shares worth approximately $260.9 million over the past three months, while the stock recently traded at $221.72.

Tidal Investments LLC raised its holdings in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) by 17.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,299 shares of the company's stock after purchasing an additional 13,977 shares during the quarter. Tidal Investments LLC's holdings in Datadog were worth $24,552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DDOG. Cornerstone Financial Management LLC lifted its stake in shares of Datadog by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 127 shares of the company's stock valued at $33,000 after buying an additional 45 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in Datadog by 3.3% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 1,697 shares of the company's stock valued at $242,000 after buying an additional 55 shares in the last quarter. Vivaldi Capital Management LP grew its stake in Datadog by 2.8% in the 3rd quarter. Vivaldi Capital Management LP now owns 2,689 shares of the company's stock valued at $383,000 after buying an additional 74 shares in the last quarter. State of Wyoming raised its holdings 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 acquiring an additional 76 shares during the period. Finally, Great Lakes Advisors LLC lifted its position in shares of Datadog by 2.3% during the fourth quarter. Great Lakes Advisors LLC now owns 3,697 shares of the company's stock worth $503,000 after acquiring an additional 83 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Jefferies Financial Group set a $260.00 price target on Datadog in a research report on Thursday, August 6th. Citizens Jmp increased their price objective on Datadog from $225.00 to $311.00 and gave the stock a "market outperform" rating in a report on Monday, July 20th. Craig Hallum began coverage on Datadog in a research note on Monday, June 15th. They issued a "buy" rating for the company. Guggenheim lifted their target price on Datadog from $225.00 to $300.00 and gave the company a "buy" rating in a report on Wednesday, July 22nd. Finally, Needham & Company LLC upped their price target on Datadog from $260.00 to $300.00 and gave the company a "buy" rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Datadog currently has a consensus rating of "Moderate Buy" and a consensus target price of $276.32.

Insider Activity

In related news, CEO Olivier Pomel sold 127,141 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $175,680,692.37. This represents a 17.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the firm's stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $257.24, for a total transaction of $13,868,322.88. Following the completion of the sale, the chief technology officer directly owned 509,805 shares in the company, valued at $131,142,238.20. This represents a 9.56% 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 1,077,367 shares of company stock valued at $260,947,004 in the last three months. 6.48% of the stock is owned by insiders.

Datadog Trading Down 1.6%

Shares of DDOG stock opened at $221.72 on Friday. The company has a market capitalization of $79.62 billion, a PE ratio of 452.50, a price-to-earnings-growth ratio of 22.06 and a beta of 1.49. 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 $246.37 and its 200 day moving average is $196.50. 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 posted its earnings results on Thursday, August 6th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%.The firm's revenue was up 35.6% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts anticipate that Datadog, Inc. will post 0.7 EPS for the current fiscal year.

About Datadog

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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