Triasima Portfolio Management inc. Makes New $4.48 Million Investment in Datadog, Inc. $DDOG

Triasima Portfolio Management inc. bought a new position in shares of Datadog, Inc. (NASDAQ:DDOG) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,364 shares of the company’s stock, valued at approximately $4,481,000.

Several other large investors also recently modified their holdings of the stock. EMC Capital Management bought a new position in shares of Datadog in the second quarter worth $28,000. Cornerstone Financial Management LLC raised its stake in Datadog by 54.9% in the second quarter. Cornerstone Financial Management LLC now owns 127 shares of the company’s stock valued at $33,000 after purchasing an additional 45 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Datadog by 341.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 318 shares of the company’s stock valued at $38,000 after purchasing an additional 246 shares in the last quarter. Elevation Wealth Partners LLC lifted its position in Datadog by 2,700.0% during the second quarter. Elevation Wealth Partners LLC now owns 168 shares of the company’s stock worth $44,000 after purchasing an additional 162 shares during the period. Finally, Armstrong Advisory Group Inc. bought a new stake in Datadog during the third quarter worth about $46,000. 78.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Datadog

In related news, CEO Olivier Pomel sold 127,141 shares of Datadog stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $286.71, for a total transaction of $36,452,596.11. Following the sale, the chief executive officer directly owned 612,747 shares of the company’s stock, valued at approximately $175,680,692.37. The trade was a 17.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Alexis Le-Quoc sold 53,912 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $253.36, for a total transaction of $13,659,144.32. Following the transaction, the chief technology officer owned 509,805 shares of the company’s stock, valued at approximately $129,164,194.80. This represents a 9.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 991,988 shares of company stock valued at $241,440,796 in the last three months. Company insiders own 6.48% of the company’s stock.

Datadog Price Performance

Shares of DDOG stock opened at $266.25 on Friday. The business has a fifty day simple moving average of $246.42 and a 200 day simple moving average of $221.08. The company has a market cap of $95.61 billion, a P/E ratio of 543.38, a P/E/G ratio of 26.28 and a beta of 1.51. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.23. Datadog, Inc. has a twelve month low of $98.01 and a twelve month high of $300.68.

Datadog (NASDAQ:DDOG) last released its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Datadog had a return on equity of 5.67% and a net margin of 4.48%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.46 earnings per share. The business’s revenue for the quarter was up 35.6% on a year-over-year basis. 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, sell-side analysts forecast that Datadog, Inc. will post 0.70 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. TD Cowen increased their price objective on shares of Datadog from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 22nd. Guggenheim boosted their target price on shares of Datadog from $225.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Mizuho boosted their target price on shares of Datadog from $300.00 to $330.00 and gave the company an “outperform” rating in a research report on Thursday. Canadian Imperial Bank of Commerce upped their price target on shares of Datadog from $280.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, October 9th. Finally, Citigroup increased their price target on shares of Datadog from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Datadog has a consensus rating of “Moderate Buy” and a consensus price target of $281.18.

About Datadog

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.