Western Financial Corp CA Acquires 10,835 Shares of Datadog, Inc. $DDOG

Key Points

• Western Financial Corp CA acquired 10,835 Datadog shares worth approximately $2.97 million, making DDOG 1% of its portfolio. Institutional investors collectively own 78.29% of Datadog.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and earnings of $0.65 per share, exceeding analyst expectations.
• Shares recently fell 4.9% to $269.33, while analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and an average price target of $280.51.

Western Financial Corp CA acquired a new position in Datadog, Inc. (NASDAQ:DDOG - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,835 shares of the company's stock, valued at approximately $2,967,000. Datadog makes up 1.0% of Western Financial Corp CA's investment portfolio, making the stock its 24th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Employees Provident Fund Board bought a new position in Datadog in the fourth quarter worth about $251,582,000. First Trust Advisors LP lifted its holdings in Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company's stock worth $435,081,000 after buying an additional 1,654,429 shares during the period. Janus Henderson Group PLC boosted its position in Datadog by 22.8% during the 1st quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company's stock valued at $905,570,000 after acquiring an additional 1,439,082 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Datadog by 162.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company's stock valued at $185,459,000 after acquiring an additional 971,910 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Datadog by 30.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,645,827 shares of the company's stock valued at $312,340,000 after acquiring an additional 615,090 shares in the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Datadog Stock Down 4.9%

Shares of NASDAQ:DDOG traded down $14.01 on Wednesday, hitting $269.33. 2,978,921 shares of the company traded hands, compared to its average volume of 5,173,134. The company has a market cap of $96.71 billion, a PE ratio of 549.66, a PEG ratio of 28.04 and a beta of 1.51. The stock has a 50 day simple moving average of $245.68 and a 200-day simple moving average of $220.01. Datadog, Inc. has a 52 week low of $98.01 and a 52 week high of $300.68. 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 (NASDAQ:DDOG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.46 earnings per share. The firm's quarterly 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, research analysts expect that Datadog, Inc. will post 0.70 earnings per share for the current year.

Insider Transactions at Datadog

In related news, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer owned 509,805 shares in the company, valued at $129,164,194.80. This represents a 9.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on 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 transaction, the chief executive officer owned 612,747 shares in the company, valued at approximately $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. In the last three months, insiders sold 991,988 shares of company stock valued at $241,440,796. 6.48% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DDOG shares. FBN Securities began coverage on Datadog in a report on Friday, October 2nd. They set an "outperform" rating and a $325.00 target price on the stock. Guggenheim increased their target price on Datadog from $225.00 to $300.00 and gave the stock a "buy" rating in a research report on Wednesday, July 22nd. Cantor Fitzgerald raised their target price on Datadog from $226.00 to $327.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Barclays raised their target price on Datadog from $290.00 to $300.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce lifted their price target on Datadog from $280.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday, October 9th. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Datadog currently has a consensus rating of "Moderate Buy" and an average price target of $280.51.

Datadog Profile

Datadog, Inc is a software company that provides a cloud-based monitoring, observability and security platform. Its services help organizations collect, analyze and visualize data from applications, infrastructure, networks, databases and other technology environments, enabling them to identify performance issues, manage incidents and improve digital services.

The company's product offerings include infrastructure monitoring, application performance monitoring, log management, database and network monitoring, real user and synthetic experience monitoring, cloud security, software supply chain security, incident management and workflow automation.

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