Datadog, Inc. $DDOG Stock: Turtle Creek Wealth Advisors LLC Increases Stake

Turtle Creek Wealth Advisors LLC increased its position in shares of Datadog, Inc. (NASDAQ:DDOG) by 636.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,970 shares of the company’s stock after purchasing an additional 14,666 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Datadog were worth $4,647,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DDOG. Nvwm LLC raised its stake in shares of Datadog by 1,080.6% during the 3rd quarter. Nvwm LLC now owns 850 shares of the company’s stock worth $233,000 after purchasing an additional 778 shares during the period. VMS Asset Management Limited boosted its stake in Datadog by 13.9% in the third quarter. VMS Asset Management Limited now owns 31,803 shares of the company’s stock valued at $8,709,000 after acquiring an additional 3,883 shares during the last quarter. Loftus Peak Pty Ltd boosted its stake in Datadog by 23.5% in the third quarter. Loftus Peak Pty Ltd now owns 78,368 shares of the company’s stock valued at $21,461,000 after acquiring an additional 14,895 shares during the last quarter. Triangle Securities Wealth Management grew its position in shares of Datadog by 757.8% during the 3rd quarter. Triangle Securities Wealth Management now owns 22,690 shares of the company’s stock valued at $6,214,000 after acquiring an additional 20,045 shares during the period. Finally, Mather Group LLC. increased its stake in shares of Datadog by 9,929.7% during the 3rd quarter. Mather Group LLC. now owns 63,187 shares of the company’s stock worth $17,304,000 after purchasing an additional 62,557 shares during the last quarter. 78.29% of the stock is owned by institutional investors.

Datadog Price Performance

DDOG stock traded down $7.07 during midday trading on Thursday, reaching $262.26. The company had a trading volume of 1,348,404 shares, compared to its average volume of 5,153,543. The firm has a 50-day moving average price of $245.68 and a 200-day moving average price of $220.01. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.20 and a quick ratio of 3.20. The company has a market capitalization of $94.17 billion, a P/E ratio of 536.96, a P/E/G ratio of 27.65 and a beta of 1.51. Datadog, Inc. has a 1 year low of $98.01 and a 1 year high of $300.68.

Datadog (NASDAQ:DDOG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The company’s revenue was up 35.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share. 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, research analysts anticipate that Datadog, Inc. will post 0.70 earnings per share for the current fiscal year.

Insider Activity at Datadog

In other news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $253.36, for a total value of $13,659,144.32. Following the completion of the sale, the chief technology officer owned 509,805 shares of the company’s stock, valued at approximately $129,164,194.80. The trade was a 9.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Olivier Pomel sold 127,141 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $286.71, for a total value of $36,452,596.11. Following the transaction, the chief executive officer owned 612,747 shares in the company, valued at approximately $175,680,692.37. The trade was a 17.18% 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 have sold 991,988 shares of company stock worth $241,440,796 over the last three months. Insiders own 6.48% of the company’s stock.

Analysts Set New Price Targets

DDOG has been the subject of several recent research reports. Barclays lifted their price objective on Datadog from $290.00 to $300.00 and gave the stock an “overweight” rating in a report on Tuesday. Needham & Company LLC boosted their price target on shares of Datadog from $260.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Benchmark restated a “buy” rating on shares of Datadog in a research note on Tuesday, July 28th. KeyCorp raised their price objective on shares of Datadog from $225.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, Scotiabank raised their price target on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average target price of $281.18.

Datadog Profile

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.