Datadog, Inc. $DDOG Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Datadog, Inc. (NASDAQ:DDOG) by 13,101.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 273,534 shares of the company’s stock after buying an additional 271,462 shares during the period. TD Waterhouse Canada Inc.’s holdings in Datadog were worth $74,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Employees Provident Fund Board bought a new position in shares of Datadog in the 4th quarter worth about $251,582,000. First Trust Advisors LP grew its holdings in Datadog by 81.5% in the first quarter. First Trust Advisors LP now owns 3,685,562 shares of the company’s stock worth $435,081,000 after purchasing an additional 1,654,429 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Datadog by 197.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,443,008 shares of the company’s stock valued at $669,018,000 after purchasing an additional 1,622,904 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Datadog by 22.8% during the first quarter. Janus Henderson Group PLC now owns 7,749,569 shares of the company’s stock valued at $905,570,000 after purchasing an additional 1,439,082 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Datadog by 162.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,571,018 shares of the company’s stock valued at $185,459,000 after purchasing an additional 971,910 shares during the last quarter. 78.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. FBN Securities initiated coverage on Datadog in a research report on Friday, October 2nd. They issued an “outperform” rating and a $325.00 price target on the stock. Morgan Stanley raised their price objective on Datadog from $225.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. BMO Capital Markets set a $300.00 price objective on Datadog in a research note on Friday, August 7th. BTIG Research boosted their target price on Datadog from $255.00 to $289.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Scotiabank boosted their target price on Datadog from $275.00 to $285.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Datadog has an average rating of “Moderate Buy” and an average price target of $281.18.

Insider Transactions at Datadog

In other Datadog news, CTO Alexis Le-Quoc sold 53,912 shares of the business’s stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $273.60, for a total transaction of $14,750,323.20. Following the completion of the sale, the chief technology officer directly owned 488,033 shares in the company, valued at approximately $133,525,828.80. The trade was a 9.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Kerry Acocella sold 5,280 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $228.85, for a total value of $1,208,328.00. Following the transaction, the general counsel directly owned 115,243 shares in the company, valued at $26,373,360.55. The trade was a 4.38% 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. Over the last three months, insiders sold 991,988 shares of company stock valued at $241,440,796. Company insiders own 6.48% of the company’s stock.

Datadog Stock Performance

Shares of Datadog stock traded down $19.14 during trading on Friday, hitting $247.11. 3,748,566 shares of the company’s stock traded hands, compared to its average volume of 2,987,195. 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 $300.68. The stock has a market capitalization of $88.73 billion, a P/E ratio of 504.32, a PEG ratio of 25.98 and a beta of 1.51. The business has a 50-day simple moving average of $246.68 and a 200-day simple moving average of $221.26.

Datadog (NASDAQ:DDOG) last issued its earnings results on Thursday, August 6th. The company reported $0.65 earnings per share for the quarter, topping 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 business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm earned $0.46 EPS. Datadog’s revenue 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. As a group, analysts forecast that Datadog, Inc. will post 0.70 EPS for the current year.

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.