Norges Bank Makes New Investment in Datadog, Inc. $DDOG

Norges Bank bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,452,172 shares of the company’s stock, valued at approximately $469,461,000.

Other hedge funds have also recently made changes to their positions in the company. Rothschild Investment LLC boosted its position in shares of Datadog by 126.6% in the 3rd quarter. Rothschild Investment LLC now owns 179 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Physician Wealth Advisors Inc. boosted its position in shares of Datadog by 315.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock worth $27,000 after purchasing an additional 145 shares in the last quarter. Westside Investment Management Inc. boosted its position in shares of 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. JPL Wealth Management LLC bought a new stake in shares of Datadog in the 3rd quarter worth approximately $27,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in shares of Datadog in the 3rd quarter worth approximately $28,000. 78.29% of the stock is owned by institutional investors.

Insider Transactions at Datadog

In other Datadog news, CEO Olivier Pomel sold 84,698 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $223.58, for a total value of $18,936,778.84. Following the completion of the sale, the chief executive officer owned 750,981 shares in the company, valued at approximately $167,904,331.98. This represents a 10.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 43,224 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $208.04, for a total value of $8,992,320.96. Following the completion of the sale, the chief technology officer owned 531,311 shares of the company’s stock, valued at $110,533,940.44. The trade was a 7.52% 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. Insiders sold a total of 848,198 shares of company stock worth $135,415,163 over the last three months. 6.48% of the stock is currently owned by insiders.

Datadog Price Performance

Shares of DDOG opened at $277.49 on Tuesday. The firm has a market cap of $98.78 billion, a PE ratio of 730.26, a P/E/G ratio of 26.41 and a beta of 1.30. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $157.16 and a two-hundred day simple moving average of $143.23. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $278.70.

Datadog (NASDAQ:DDOG) last announced its earnings results on Thursday, May 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $960.12 million. Datadog had a net margin of 3.69% and a return on equity of 4.83%. The company’s quarterly revenue was up 32.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS. Datadog has set its FY 2026 guidance at 2.360-2.440 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, equities analysts anticipate that Datadog, Inc. will post 0.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DDOG shares. The Goldman Sachs Group boosted their price target on Datadog from $121.00 to $139.00 and gave the stock a “sell” rating in a research report on Tuesday, May 12th. KeyCorp boosted their price target on Datadog from $155.00 to $225.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Evercore reissued an “outperform” rating and issued a $225.00 price target on shares of Datadog in a research report on Thursday, May 7th. DA Davidson set a $250.00 price target on Datadog in a research report on Friday, May 22nd. Finally, Wedbush upped their price objective on Datadog from $190.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $219.69.

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.