Public Employees Retirement System of Ohio Acquires New Stake in Datadog, Inc. $DDOG

Public Employees Retirement System of Ohio acquired a new stake in Datadog, Inc. (NASDAQ:DDOG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 125,073 shares of the company’s stock, valued at approximately $32,564,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. JPL Wealth Management LLC acquired a new position in Datadog during the third quarter worth about $27,000. Rothschild Investment LLC grew its stake in Datadog by 52.5% during the 4th quarter. Rothschild Investment LLC now owns 273 shares of the company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in Datadog by 341.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock valued at $38,000 after acquiring an additional 246 shares during the last quarter. Morse Asset Management Inc acquired a new stake in Datadog in the 4th quarter valued at about $44,000. Finally, Elevation Wealth Partners LLC lifted its stake in Datadog by 2,700.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares in the last quarter. Institutional investors and hedge funds own 78.29% of the company’s stock.

Datadog Stock Performance

Datadog stock opened at $236.98 on Friday. The firm has a 50 day simple moving average of $250.20 and a 200-day simple moving average of $189.95. The stock has a market cap of $85.09 billion, a price-to-earnings ratio of 483.64, a price-to-earnings-growth ratio of 23.66 and a beta of 1.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. Datadog, Inc. has a 1-year low of $98.01 and a 1-year high of $292.72.

Datadog (NASDAQ:DDOG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.65 EPS 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 firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The business’s revenue for the quarter 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. On average, analysts expect that Datadog, Inc. will post 0.7 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DDOG shares. Rosenblatt Securities boosted their target price on Datadog from $220.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. Sanford C. Bernstein cut Datadog from an “outperform” rating to a “market perform” rating and increased their price target for the company from $180.00 to $226.00 in a report on Monday, July 6th. Canaccord Genuity Group lifted their price objective on Datadog from $250.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, August 4th. New Street Research set a $260.00 price objective on Datadog in a research note on Thursday, June 11th. Finally, Wolfe Research restated an “outperform” rating and issued a $295.00 target price on shares of Datadog in a report on Thursday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $276.32.

Insider Activity at Datadog

In other Datadog news, Director Matthew Jacobson sold 19,512 shares of Datadog stock in a transaction on Friday, August 14th. The stock was sold at an average price of $256.25, for a total value of $4,999,950.00. Following the sale, the director owned 524,708 shares in the company, valued at $134,456,425. The trade was a 3.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Olivier Pomel sold 47,054 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $235.49, for a total value of $11,080,746.46. Following the completion of the transaction, the chief executive officer directly owned 612,747 shares in the company, valued at approximately $144,295,791.03. This trade represents a 7.13% 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 have sold 1,470,714 shares of company stock valued at $365,447,780 over the last 90 days. Corporate insiders own 6.48% of the company’s stock.

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.