Sumitomo Life Insurance Co. Has $14.53 Million Position in Datadog, Inc. $DDOG

Sumitomo Life Insurance Co. raised its position in Datadog, Inc. (NASDAQ:DDOG) by 365.1% during the third quarter, Holdings Channel reports. The institutional investor owned 102,021 shares of the company’s stock after buying an additional 80,087 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Datadog were worth $14,528,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Datadog by 30.3% during the third quarter. Vanguard Group Inc. now owns 41,902,227 shares of the company’s stock valued at $5,966,877,000 after acquiring an additional 9,748,738 shares during the period. Brown Advisory Inc. raised its holdings in Datadog by 23.3% during the 2nd quarter. Brown Advisory Inc. now owns 5,983,687 shares of the company’s stock worth $803,793,000 after purchasing an additional 1,130,675 shares during the last quarter. Geode Capital Management LLC raised its holdings in Datadog by 4.3% during the 2nd quarter. Geode Capital Management LLC now owns 5,827,784 shares of the company’s stock worth $780,727,000 after purchasing an additional 242,273 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Datadog by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,289,570 shares of the company’s stock valued at $610,835,000 after purchasing an additional 40,276 shares during the period. Finally, Norges Bank bought a new position in shares of Datadog in the 2nd quarter valued at about $347,728,000. Institutional investors own 78.29% of the company’s stock.

Analyst Upgrades and Downgrades

DDOG has been the subject of a number of recent research reports. BNP Paribas Exane dropped their price target on shares of Datadog from $210.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, January 15th. The Goldman Sachs Group started coverage on shares of Datadog in a report on Monday, January 12th. They set a “sell” rating and a $113.00 target price for the company. Citigroup cut their price target on Datadog from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Mizuho reduced their price target on Datadog from $200.00 to $170.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada dropped their price objective on Datadog from $175.00 to $150.00 and set an “outperform” rating for the company in a report on Monday, February 9th. Thirty-six analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $179.62.

Datadog Stock Performance

DDOG stock opened at $110.33 on Thursday. Datadog, Inc. has a 1-year low of $81.63 and a 1-year high of $201.69. The company has a current ratio of 3.38, a quick ratio of 3.38 and a debt-to-equity ratio of 0.26. The firm has a market cap of $38.69 billion, a PE ratio of 355.90, a P/E/G ratio of 28.70 and a beta of 1.27. The business’s 50-day moving average price is $127.24 and its two-hundred day moving average price is $142.35.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Tuesday, February 10th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $953.19 million for the quarter, compared to analyst estimates of $916.53 million. Datadog had a return on equity of 4.14% and a net margin of 3.14%.Datadog’s revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 earnings per share. Datadog has set its FY 2026 guidance at 2.080-2.160 EPS and its Q1 2026 guidance at 0.490-0.510 EPS. As a group, research analysts forecast that Datadog, Inc. will post 0.34 earnings per share for the current year.

Insider Activity at Datadog

In other news, CFO David M. Obstler sold 12,513 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $158.60, for a total transaction of $1,984,561.80. Following the sale, the chief financial officer owned 374,138 shares in the company, valued at $59,338,286.80. This represents a 3.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CTO Alexis Le-Quoc sold 53,912 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $154.05, for a total value of $8,305,143.60. Following the completion of the sale, the chief technology officer directly owned 295,448 shares of the company’s stock, valued at approximately $45,513,764.40. The trade was a 15.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 337,291 shares of company stock valued at $48,909,907. Corporate insiders own 8.70% of the company’s stock.

Datadog Profile

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.