Zevenbergen Capital Investments LLC Purchases 120,715 Shares of Datadog, Inc. $DDOG

Key Points

• Zevenbergen Capital Investments increased its Datadog stake by 75.4% in the third quarter, purchasing 120,715 additional shares and bringing its holdings to 280,815 shares valued at approximately $76.9 million.
• Analyst sentiment remains favorable, with Datadog receiving a “Moderate Buy” consensus rating and an average price target of $277.73; several firms recently raised their targets to between $300 and $325.
• Datadog reported quarterly revenue of $1.12 billion, up 35.6% year over year, and EPS of $0.65, exceeding analyst expectations. However, insiders sold roughly 938,076 shares worth $226.7 million over the past 90 days.

Zevenbergen Capital Investments LLC increased its position in Datadog, Inc. (NASDAQ:DDOG - Free Report) by 75.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 280,815 shares of the company's stock after purchasing an additional 120,715 shares during the quarter. Datadog makes up 1.8% of Zevenbergen Capital Investments LLC's holdings, making the stock its 21st largest position. Zevenbergen Capital Investments LLC owned about 0.08% of Datadog worth $76,901,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of DDOG. EMC Capital Management bought a new stake in Datadog in the second quarter valued at approximately $28,000. Cornerstone Financial Management LLC lifted its position in shares of 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 buying an additional 45 shares during the last quarter. Elevation Wealth Partners LLC boosted its stake in shares of 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. Planning Strategies Inc. boosted its stake in shares of Datadog by 529.6% during the 3rd quarter. Planning Strategies Inc. now owns 170 shares of the company's stock worth $47,000 after acquiring an additional 143 shares during the period. Finally, Retirement Wealth Solutions LLC increased its holdings in shares of Datadog by 233.3% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 200 shares of the company's stock worth $55,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 78.29% of the company's stock.

Analyst Upgrades and Downgrades

DDOG has been the topic of a number of research analyst reports. Rosenblatt Securities increased their price target on Datadog from $220.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Datadog from a "sell (d+)" rating to a "hold (c)" rating in a research report on Wednesday, August 12th. Benchmark reiterated a "buy" rating on shares of Datadog in a report on Tuesday, July 28th. Guggenheim increased their price objective on shares of Datadog from $225.00 to $300.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. Finally, FBN Securities assumed coverage on shares of Datadog in a research report on Friday, October 2nd. They issued an "outperform" rating and a $325.00 price objective on the stock. Three analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Datadog presently has an average rating of "Moderate Buy" and an average target price of $277.73.

Datadog Stock Performance

DDOG stock traded up $2.46 during trading hours on Thursday, hitting $273.80. 2,949,071 shares of the stock were exchanged, compared to its average volume of 5,221,493. 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 firm has a market capitalization of $98.32 billion, a P/E ratio of 558.79, a P/E/G ratio of 27.15 and a beta of 1.51. The company has a 50-day simple moving average of $245.27 and a two-hundred day simple moving average of $215.54. Datadog, Inc. has a 12 month low of $98.01 and a 12 month high of $292.72.

Datadog (NASDAQ:DDOG - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. Datadog'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, analysts forecast that Datadog, Inc. will post 0.7 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Alexis Le-Quoc sold 43,224 shares of Datadog stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $252.17, for a total value of $10,899,796.08. Following the completion of the sale, the chief technology officer directly owned 488,033 shares in the company, valued at approximately $123,067,281.61. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sean Walters sold 11,710 shares of the business's stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $221.04, for a total value of $2,588,378.40. Following the completion of the sale, the executive owned 233,135 shares of the company's stock, valued at approximately $51,532,160.40. This trade represents a 4.78% 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. Over the last ninety days, insiders have sold 938,076 shares of company stock worth $226,690,473. 6.48% of the stock is currently owned by insiders.

About Datadog

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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