VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 53,450 Datadog, Inc. $DDOG

Key Points

• Virginia Retirement Systems purchased 53,450 Datadog shares worth approximately $13.9 million in the second quarter, while institutional investors collectively own 78.29% of the company.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and adjusted earnings of $0.65 per share—both exceeding analyst expectations.
• Insiders have sold 1.11 million shares worth nearly $272 million over the past 90 days, while analysts maintain a “Moderate Buy” consensus with an average price target of $276.32.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Datadog, Inc. (NASDAQ:DDOG - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 53,450 shares of the company's stock, valued at approximately $13,916,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. EMC Capital Management bought a new stake in Datadog during the 2nd quarter valued at $28,000. Elevation Wealth Partners LLC boosted its position in Datadog by 2,700.0% during the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company's stock worth $44,000 after acquiring an additional 162 shares during the period. JPL Wealth Management LLC bought a new position in shares of Datadog in the third quarter worth $27,000. Continuum Advisory LLC acquired a new position in shares of Datadog during the second quarter valued at $53,000. Finally, Rothschild Investment LLC increased its holdings in shares of Datadog by 52.5% during the fourth 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. 78.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Datadog news, Director Michael Callahan sold 112,500 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $231.60, for a total value of $26,055,000.00. Following the transaction, the director owned 14,996 shares of the company's stock, valued at approximately $3,473,073.60. This represents a 88.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock in a transaction 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 sale, the chief executive officer owned 612,747 shares of the company's stock, valued at $175,680,692.37. This trade represents a 17.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 1,114,589 shares of company stock worth $271,957,031. 6.48% of the stock is owned by insiders.

Datadog Price Performance

Shares of NASDAQ DDOG opened at $212.93 on Tuesday. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $292.72. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $76.46 billion, a price-to-earnings ratio of 434.56, a PEG ratio of 20.85 and a beta of 1.49. The firm has a 50-day moving average of $248.93 and a two-hundred day moving average of $194.39.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DDOG shares. Wolfe Research restated an "outperform" rating and set a $295.00 price objective on shares of Datadog in a research note on Thursday, June 11th. Robert W. Baird set a $300.00 target price on shares of Datadog in a research note on Friday, August 7th. Barclays raised their target price on shares of Datadog from $260.00 to $290.00 and gave the company an "overweight" rating in a research note on Tuesday, July 21st. Benchmark reaffirmed a "buy" rating on shares of Datadog in a research note on Tuesday, July 28th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Datadog in a research note on Thursday, August 6th. One 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $276.32.

About Datadog

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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