Wakefield Asset Management LLLP Purchases New Position in Datadog, Inc. $DDOG

Wakefield Asset Management LLLP bought a new position in Datadog, Inc. (NASDAQ:DDOG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $680,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Elevation Point Wealth Partners LLC lifted 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 worth $242,000 after purchasing an additional 55 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Datadog by 1.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 4,778 shares of the company’s stock worth $622,000 after purchasing an additional 73 shares in the last quarter. Vivaldi Capital Management LP lifted 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 worth $383,000 after purchasing an additional 74 shares in the last quarter. Westside Investment Management Inc. lifted its stake in Datadog by 74.3% in the 3rd quarter. Westside Investment Management Inc. now owns 176 shares of the company’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Datadog by 2.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,892 shares of the company’s stock worth $529,000 after purchasing an additional 78 shares in the last quarter. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

Datadog Stock Performance

NASDAQ DDOG opened at $207.98 on Friday. Datadog, Inc. has a 52-week low of $98.01 and a 52-week high of $211.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market capitalization of $74.03 billion, a P/E ratio of 547.33, a P/E/G ratio of 70.17 and a beta of 1.30. The company has a fifty day moving average of $135.18 and a 200-day moving average of $139.09.

Datadog (NASDAQ:DDOG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $960.12 million. During the same period in the previous year, the firm posted $0.46 EPS. The firm’s revenue was up 32.1% compared to the same quarter last year. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities research analysts predict that Datadog, Inc. will post 0.33 EPS for the current fiscal year.

Insider Activity at Datadog

In other news, Director Matthew Jacobson sold 52,832 shares of Datadog stock in a transaction on Friday, May 8th. The shares were sold at an average price of $189.28, for a total transaction of $10,000,040.96. Following the completion of the sale, the director directly owned 622,726 shares of the company’s stock, valued at approximately $117,869,577.28. The trade was a 7.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amit Agarwal sold 20,000 shares of Datadog stock in a transaction on Monday, May 11th. The stock was sold at an average price of $200.13, for a total transaction of $4,002,600.00. Following the sale, the director directly owned 1,640 shares of the company’s stock, valued at $328,213.20. This represents a 92.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 842,739 shares of company stock worth $121,023,123 in the last three months. 6.48% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Monness Crespi & Hardt increased their target price on shares of Datadog from $255.00 to $270.00 in a research note on Thursday, May 7th. CICC Research increased their target price on shares of Datadog from $150.00 to $204.00 in a research note on Monday, May 11th. KeyCorp increased their target price on shares of Datadog from $155.00 to $225.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. TD Cowen increased their target price on shares of Datadog from $190.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Wedbush increased their target price on shares of Datadog from $190.00 to $220.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $213.38.

Datadog Company 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.